Asian stocks at two-week lows, bond woes spread, dollar slips
Asian shares have fallen 3% after hitting a more than seven-year high on April. 29. On 6th May, MSCI`s broadest index of Asia-Pacific shares outside Japan slipped 0.3%, while Australian stocks fell 1.5%.
May 06, 2015, 11:16 AM IST
German data lead Europe shares higher, dollar steadies
The Euro Stoxx index of euro zone shares was up 1 percent, retaking some of the ground lost in a decline last Wednesday, when a rising euro hit export-sensitive German stocks.
May 04, 2015, 18:15 PM IST
Must prevent Greece running out of cash before deal: Merkel
German Chancellor Angela Merkel said on Thursday everything must be done to prevent Greece running out of money before it reaches a cash-for-reform deal with its international creditors, amid heightened concern that Athens is nearing the brink.
Apr 24, 2015, 09:29 AM IST
Bank of England unanimous on rates, more upbeat on euro zone
Bank of England policymakers have grown more upbeat about the outlook for the euro zone and see a greater chance that inflation could recover strongly next year, minutes of their April policy meeting showed on Wednesday.
Apr 22, 2015, 14:45 PM IST
Greece's Tsipras to meet Merkel in Brussels as cash squeeze tightens
Prime Minister Alexis Tsipras will meet German Chancellor Angela Merkel on the sidelines of an EU summit in Brussels on Thursday, the eve of a crucial meeting of euro zone finance ministers to assess progress made by Athens in its reform pledges.
Apr 22, 2015, 10:32 AM IST
Greece, eurozone have `lots of ground to cover`: Brussels
Brussels said Monday Greece and its eurozone partners were accelerating their talks but had "lots of ground to cover" before April 20 when Athens must release a list of reforms aimed at unlocking key aid funds.
Apr 13, 2015, 23:51 PM IST
Greece needs deal with lenders on April 24 finance minister to paper
"At the Eurogroup (meeting) of April 24 there must be a preliminary conclusion (of the talks), as per the Eurogroup accord on Feb. 20," Yanis Varoufakis told daily Naftemporiki.
Apr 06, 2015, 18:31 PM IST
Greece says ready to make IMF payment on April 9
Greece is fast running out of cash and its euro zone and International Monetary Fund lenders have frozen bailout aid until the new leftist-led government reaches agreement on a package of reforms.
Apr 03, 2015, 22:02 PM IST
Greek economy minister sees deal with EU/IMF on reforms next week
Greece should reach a deal with its euro zone partners and the International Monetary Fund next week on a package of reforms, which will help to unlock remaining bailout funds, the country`s economy minister said on Wednesday.
Apr 01, 2015, 17:27 PM IST
ECB's Draghi calls for "quantum leap" in European integration
Describing the euro zone economy as "steadily recovering", European Central Bank President Mario Draghi called on Monday for a "quantum leap" in European integration so countries share more sovereignty.
Mar 17, 2015, 08:30 AM IST
EU, Greece to start technical loan talks Wednesday
Warning Greece it had "no time to lose", euro zone ministers agreed technical talks between finance experts from Athens and its international creditors would start on Wednesday with the aim of unlocking further funding.
Mar 10, 2015, 02:32 AM IST
Greece runs out of funding options despite euro zone reprieve
Greece is running out of options to fund itself despite a four-month bailout extension, raising pressure on Athens to quickly implement reforms it has vocally opposed or default on debt repayments in a matter of weeks.
Feb 28, 2015, 07:34 AM IST
ECB prepares for a Greece exit from euro zone: Report
The European Central Bank is preparing for the event that Greece leaves the euro zone and its staff are readying contingency plans for how the rest of the bloc could be kept intact, German news magazine Spiegel reported in a preview of its magazine.
Feb 20, 2015, 19:20 PM IST
ECB's Draghi wants to buy bonds, but who will sell?
At the height of the euro zone debt crisis in 2012, ECB President Mario Draghi`s problem was how to convince investors to hold on to European bonds. Now he faces a struggle to make them sell.
Feb 20, 2015, 17:34 PM IST
Germany holds up Greek bid for euro zone loan extension
Germany rejected a Greek proposal for a six-month extension to its euro zone loan agreement on Thursday, saying it was "not a substantial solution" because it did not commit Athens to stick to the conditions of its international bailout.
Feb 20, 2015, 03:21 AM IST
Greece submits request for loan extension from sceptical euro zone
Greece formally requested a six-month extension to its euro zone loan agreement on Thursday as it races to avoid running out of cash within weeks and overcome resistance from sceptical partners led by Germany.
Feb 19, 2015, 15:55 PM IST
Greece to seek loan extension from sceptical euro zone
Greece is expected to ask on Thursday for an extension to its euro zone loan agreement skirting tough bailout conditions to avoid running out of cash within weeks, but it must overcome resistance from sceptical partners led by Germany.
Feb 19, 2015, 03:48 AM IST
Greece wants to pay debts, negotiate: PM
Greek Prime Minister Alexis Tsipras has asserted that Athens wants to pay its debts to its international creditors and if its partners want the same they must "negotiate the technical means to do so with us".
Feb 09, 2015, 16:52 PM IST
Global stocks slip as anti-austerity party wins Greek election
Both US stock futures and Japan's Nikkei fell 0.6 percent on heightened concerns the Greek election results could lead to renewed instability in Europe.
Jan 26, 2015, 10:53 AM IST
Euro hits nine-year low as Brent oil goes below $50
The euro hit a nine-year trough on Wednesday as collapsing oil prices and worries about the world economy drove skittish investors into the arms of safe-haven sovereign debt.
Jan 07, 2015, 10:25 AM IST
