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TORONTO (Reuters) - Toronto's main stock index closed at its highest level in almost three weeks on Wednesday after Greece's parliament approved the first of two austerity measures to prevent the country from going bankrupt.
Four days after Quincy Medical Center trustees approved a deal for it to be acquired by Steward Health Care System, the hospital filed for bankruptcy protection yesterday in a bid to dump more than $50 million in debt before the sale.
This month's rise in the cost of going bankrupt could discourage people with financial problems from seeking a solution, debt experts warn.
The markets had a very solid week, gaining over 5%. Chinese Indexes had the best performances of the week.
Much of last week’s newsletter was on the data that was released on inflation, new loans, investment, etc. One thing worth noting in the current environment is that small and medium enterprises (SMEs) are hurting, and last week’s minimum reserve hike – which came out the same day as the CPI number – will undoubtedly make things worse since any withdrawal of credit is unlikely to affect the top ...
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