Dow Jones First to Report on Greece's Possible Bailout; Global Markets Send the Euro Down 0.40% Against the U.S. Dollar
NEW YORK, March 29 /PRNewswire/ -- On March 18, 2010, Dow Jones Newswires released exclusive news that Greece may seek financial aid from the International Monetary Fund. Following the news the euro quickly tumbled by 0.40 percent against the U.S. dollar, and assets as varied as the pound, the Australian and Singapore dollars and shares in Japanese exporters all declined with suggestion of a possible jolt to the stability of the entire European Monetary Union and the prospect that the euro zone might not be able to handle its first debt crisis.
Nearly an hour later, rival news organization Bloomberg, as well as Greek media, picked up the Dow Jones story. Reuters was two hours behind. The Dow Jones story was discussed in a flurry of analysts' research reports in Asia and Europe.
More than 438,000 financial professionals in 66 countries turn to Dow Jones for breaking news, commentary and analysis, including market-moving corporate, economic, market, financial and political news. Reporting from nearly 90 bureaus across the globe, Dow Jones publishes up to 18,000 news items each day, in 11 languages, covering all asset classes. Dow Jones products help customers build relationships, create market opportunities and enhance trust in their services.
For more information about Dow Jones Newswires, visit www.dowjones.com.
ABOUT DOW JONES
Dow Jones & Company (www.dowjones.com) is a News Corporation company (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV; www.newscorp.com) and a leading provider of global news and business information. Its principal products include The Wall Street Journal, Dow Jones Newswires, Dow Jones Factiva, Barron's and MarketWatch. Through its Local Media Group, Dow Jones operates community-based newspapers and Web sites. Dow Jones also provides news content to television and radio stations.
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Tiffany Richardson |
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Dow Jones & Company |
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609-627-2101 |
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SOURCE Dow Jones
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