NEW YORK - U.S. stocks rose at the open on Friday as markets rallied globally after the Bank of Japan significantly ramped up its stimulus program just days after the Federal Reserve wound down its own package of U.S. economic incentives.
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BUENOS AIRES/NEW YORK - Argentina's debt default spread to its Par bonds on Friday after the country failed to complete an interest payment, raising the risk that creditors could demand that its cash-strapped government immediately repay all of its debt.
ROME - Banca Monte dei Paschi di Siena and Carige will make up the capital shortfalls revealed in the ECB stress tests through private sector financing, Italian Economy Minister Pier Carlo Padoan said on Friday.
In a comparison of 14 industrialized countries, the United States trailed only Italy in the pollsters' index of ignorance about the realities of modern life.