Greek bailout talks shift into higher gear
Greece's talks with its international creditors on a third bailout worth 85 billion euros (USD 93 billion) shifted into a higher gear on Friday, with lead negotiators from the European Union and International Monetary Fund meeting key ministers in Athens.
Jul 31, 2015, 18:28 PM IST
Euro zone inflation stable at 0.2%, still far off ECB target
The European Union`s statistics office Eurostat said on Friday that consumer prices in the 19 countries sharing the euro rose by 0.2 percent year-on-year in July, as in June.
Jul 31, 2015, 14:57 PM IST
Asian shares, dollar up on US Fed's economic optimism
Japan`s Nikkei rose 0.8 percent while Australian shares tacked on 0.3 percent and South Korean shares gained 0.2 percent.
Jul 30, 2015, 08:45 AM IST
ECB leaves emergency liquidity for Greece unchanged
The European Central Bank decided Wednesday to leave its stopgap credit lifeline for Greece unchanged, said a source close to the decision who asked not to be identified.
Jul 29, 2015, 18:14 PM IST
Asian shares broadly softer as Fed looms
Japan`s Nikkei slipped 0.5 percent, while MSCI`s broadest index of Asia-Pacific shares outside Japan lost 0.8 percent.
Jul 27, 2015, 08:36 AM IST
Asian stocks mostly up, dollar pushes higher
Shanghai led the gains but was undergoing some fresh volatility as more firms trade again after being suspended at the height of the latest stock crisis that wiped billions off mainland valuations.
Jul 20, 2015, 08:32 AM IST
Greek bank shutdown cost economy 3 billion euros: Report
The three-week shutdown of Greek banks has cost the country`s struggling economy some 3.0 billion euros ($3.3 billion) not counting lost tourism revenue, a report said Saturday.
Jul 18, 2015, 14:32 PM IST
EU approves emergency loan of 7.16 bn euros for Greece
The EU approved a short-term loan of 7.16 billion euros ($7.8 billion) to Greece allowing it to meet a huge payment to the ECB and repay the IMF while a new bailout is still being ratified, the EU`s top official for the euro said Friday.
Jul 17, 2015, 19:52 PM IST
Eurozone inflation outlook brighter: ECB survey
The inflation outlook for the euro area is improving as growth picks up and the effects of the European Central Bank`s policy measures feed through into the economy, an ECB survey showed on Friday.
Jul 17, 2015, 15:38 PM IST
ECB, Eurogroup give Greece breathing space after Athens vote
Eurozone ministers approved the launch of Greece bailout talks and the ECB boosted its cash lifeline to the crisis-hit country Thursday after lawmakers in Athens grudgingly passed a tough reform package demanded by creditors.
Jul 16, 2015, 23:31 PM IST
Greece to vote on bailout after explosive IMF report
Greece on Wednesday geared up for a parliamentary vote on draconian reforms demanded by eurozone creditors in exchange for a huge new bailout, just hours after a bombshell report from the International Monetary Fund criticised the deal.
Jul 15, 2015, 13:47 PM IST
ECB keeps emergency liquidity for Greek banks at current level
The European Central Bank decided Monday to leave its stop-gap credit facility for Greece, known as Emergency Liquidity Assistance (ELA), unchanged at around 89 billion euros ($99 billion), an ECB spokeswoman said.
Jul 13, 2015, 20:02 PM IST
Asian stocks rally, EU leaders talk Greek compromise
The moves were mild amid news Euro zone leaders had met through the night to discuss a compromise proposal on a third bailout for Greece.
Jul 13, 2015, 11:23 AM IST
Greek PM wins backing for concessions; EU, IMF give positive signals
Greek Prime Minister Alexis Tsipras however faced a rebellion in his own party that could threaten his majority in parliament.
Jul 11, 2015, 09:09 AM IST
Hopes rise for Greece bailout breakthrough
The plan delivered by Prime Minister Alexis Tsipras`s administration for study by the EU, IMF and European Central Bank was to be put to a vote late Friday by Greek lawmakers.
Jul 10, 2015, 21:39 PM IST
Greece submits reforms to creditors to stay in euro
Lawmakers in Greece will vote as early as Friday whether to back a last-ditch reform plan the government submitted to creditors overnight in a bid to stave off financial collapse and exit from the eurozone.
Jul 10, 2015, 16:14 PM IST
EU, IMF, ECB, eurozone chiefs to speak Friday on Greece: EU source
The heads of the EU, IMF, European Central Bank and the eurozone on Friday will discuss a last-ditch reform plan that Greece submitted in a bid to avert financial collapse and exit from the eurozone, EU sources said.
Jul 10, 2015, 15:44 PM IST
Asian markets pare losses as Shanghai, Hong Kong bounce
Shellshocked traders have been sent scurrying as the crisis in China, which has wiped trillions off of valuations, combine with fears about Greece`s future in the eurozone.
Jul 09, 2015, 08:42 AM IST
Slumping China stocks pull down Asian markets, boost safe-haven yen
MSCI`s broadest index of Asia-Pacific shares outside Japan extended its early losses after Chinese shares opened sharply lower, and was last down 2.5 percent.
Jul 08, 2015, 08:20 AM IST
Greek crisis not due to `mean Germans`: Italy
Greeks have their own leaders to blame for the crisis in their country, and not "mean Germans", Italian Foreign Minister Paolo Gentiloni said Tuesday.
Jul 07, 2015, 13:47 PM IST
