ECB rejected Greek funding line request for extra 6 billion euro: Sources
The European Central Bank rejected Greece`s request for 6 billion euros of additional emergency funding on Sunday but is expected to keep the funding line used by Greek banks open until the July 5 referendum, people with knowledge of the matter said.
Jun 29, 2015, 21:32 PM IST
Swiss bank acts to halt franc rise as investors seek refuge in Greek crisis
Switzerland`s central bank was forced Monday to intervene "in order to stabilise the markets," which have tumbled over Greece`s escalating crisis, the bank`s chief Thomas Jordan said.
Jun 29, 2015, 15:57 PM IST
Greece orders banks closed for a week after run on ATMs
Greece announced early Monday it will shut banks for a week and impose capital controls, pleading for calm after anxious citizens emptied cash machines in a dramatic escalation of the country`s debt crisis.
Jun 29, 2015, 11:42 AM IST
Gold gets safe-haven boost on Greek fears, equities slump
Gold jumped along with other safe-haven assets on Monday after the Greece debt crisis took a turn for the worse over the weekend, with Athens looking more likely to default and exit the euro zone.
Jun 29, 2015, 10:31 AM IST
EU to take in 40,000 migrants from Italy, Greece: Draft communique
EU leaders will agree on Thursday to take in 40,000 asylum-seekers from Italy and Greece to confront a growing migrant crisis in the Mediterranean but delay a decision on how to share them out, according to a draft final summit statement.
Jun 26, 2015, 00:14 AM IST
Creditors set bailout ultimatum for defiant Greeks
Greece`s international creditors gave Athens an ultimatum to come up with a credible reform plan on Thursday warning they would otherwise put their own proposals to euro zone finance ministers for approval, a euro zone official said.
Jun 25, 2015, 15:46 PM IST
US stocks retreat as Greece talks stall
US stocks followed European equity markets lower Wednesday, dropping sharply on signs of fresh problems in talks between Greece and its international creditors aimed at preventing a Greek debt default.
Jun 25, 2015, 06:19 AM IST
Eurogroup talks on Greece halted until Thursday: Finland
Eurozone finance ministers suspended a crunch meeting aimed at reaching a Greek debt deal on Wednesday, with talks to resume the next day, Finnish Finance Minister Alexander Stubb said.
Jun 25, 2015, 02:06 AM IST
Greece offers new proposals to avert default, creditors see hope
Greece took a step back from the abyss on Monday with the presentation of new budget proposals that euro zone leaders welcomed as a basis for a possible agreement in the coming days to unlock frozen aid and avert a looming default.
Jun 23, 2015, 09:05 AM IST
Greek debt talks end with no deal: EU
Crunch talks to resolve a five-month standoff between Greece and its EU-IMF creditors ended Thursday without a deal, Valdis Dombrovskis, the European Commission vice-president for the euro, said today.
Jun 19, 2015, 00:00 AM IST
Gold prices slip in futures trade
Gold prices on Wednesday fell Rs 53 to Rs 26,903 per 10 grams in futures trade amid a weak global trend.
Jun 17, 2015, 11:33 AM IST
Gold price climbs as Greece fails to clinch deal; Fed meet in focus
Gold edged up on Monday as Greece and its creditors failed to strike a deal to avert a debt default, but gains were capped as traders waited for a Federal Reserve policy meeting later this week for clues on the outlook for U.S. interest rates.
Jun 15, 2015, 09:45 AM IST
Greece, EU powers agree to step up debt talks as crunch looms
Greek Prime Minister Alexis Tsipras held a new round of late-night talks with the leaders of Germany and France and agreed to intensify negotiations with Athens` creditors ahead of a looming default at the end of the month.
Jun 11, 2015, 08:59 AM IST
Global stock markets halt selloff; Greece hopes lift Wall Street
US and European shares rebounded after several down days on Wednesday on hopes for progress around an expected meeting between Greek, German and French leaders on Greece`s debt crisis, while oil rose for a second day.
Jun 11, 2015, 08:53 AM IST
EU says not satisfied with new Greek reform plan
The European Commission said Wednesday it was not satisfied with Greece`s new bailout reform proposals, saying they "do not reflect" earlier discussions between Brussels and Athens.
Jun 10, 2015, 16:01 PM IST
Greece gives new reform plan to creditors: European sources
Greece has submitted a promised reform plan to its EU-IMF creditors, a day before Prime Minister Alexis Tsipras is due to discuss how to end Athens`s debt crisis with the French and German leaders, European sources told AFP Tuesday.
Jun 09, 2015, 13:53 PM IST
Obama tells Greeks it's time to make tough decisions
Obama said yesterday after a meeting with fellow G7 leaders that there is a "sense of urgency in finding a path to resolve the situation."
Jun 09, 2015, 09:56 AM IST
Greece`s Varoufakis to meet German finance minister Monday
Germany`s Finance Minister Wolfgang Schaeuble will meet Monday in Berlin with his Greek counterpart Yanis Varoufakis, amid contentious negotiations between Greece and its creditors, the German ministry said.
Jun 08, 2015, 13:09 PM IST
Greece's creditors draft deal to unlock aid, Athens resists
Greece`s creditors drafted the broad lines of an agreement on Tuesday to put to the leftist government in Athens in a bid to conclude four months of acrimonious negotiations and release aid before the cash-strapped country runs out of money.
Jun 03, 2015, 01:56 AM IST
Greece makes `concessions` in reform plan to creditors: PM
Greece has submitted a "realistic" reform plan to its international creditors that includes concessions, Prime Minister Alexis Tsipras said on Tuesday.
Jun 02, 2015, 16:10 PM IST
