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
Greece imposes capital controls as crisis deepens
Greece closed its banks and imposed capital controls on Sunday to check the growing strains on its crippled financial system, bringing the prospect of being forced out of the euro into plain sight.
Jun 29, 2015, 09:27 AM IST
Greece: How capital controls worked in Cyprus
Greece, having failed to reach a rescue deal with its international creditors and get additional help from the ECB, may follow in the footsteps of eurozone member Cyprus and implement capital controls.
Jun 29, 2015, 04:18 AM IST
ECB set for emergency talks as `Grexit` looms
The European Central Bank was set to hold emergency talks Sunday on whether to keep or cut its financial lifeline to Athens, as France warned of a "real risk" Greece will leave the euro.
Jun 28, 2015, 16:36 PM IST
`Plan B` looms after Greece and Europe fall out
With Greece`s creditors refusing to extend its bailout, attention has turned swiftly to preventing massive capital flight as worried Greek citizens pull cash from ATMs.
Jun 28, 2015, 05:07 AM IST
Deepening Greek crisis puts ECB in eye of the storm
The escalating Greek crisis puts the European Central Bank in the eye of the storm, as the only body that can prevent a banking collapse or, in the worst case, manage the consequences of a "Grexit".
Jun 28, 2015, 02:27 AM IST
Greece rejects creditors` offer of bailout extension
Greece`s creditors on Friday offered Athens a five-month, 12-billion-euro ($13.4-billion) extension of its bailout programme, but Athens said the offer was unacceptable.
Jun 27, 2015, 04:35 AM IST
Asian stocks fall, euro drifts as Greek crisis deepens
Japan`s Nikkei dipped 0.5 percent. Despite household spending rising more than expected, inflation has remained flat, keeping alive expectations for more central bank stimulus later this year.
Jun 26, 2015, 08:23 AM IST
ECB holds Athens lifeline unchanged as Bundesbank protests
The European Central Bank held a crucial cash lifeline for Greece unchanged on Thursday, a person familiar with the discussion said, as the head of the Bundesbank objected to the way Greek banks are being funded.
Jun 25, 2015, 16:54 PM IST
Asian markets retreat as Greece talks stumble
While both sides agreed to resume talks later in the day, there are fears they could fail to reach an agreement to unlock crucial bailout funds, leaving Athens in default and possibly crashing out of the eurozone.
Jun 25, 2015, 08:30 AM IST
Greece's Tsipras, creditors struggle to bridge debt gaps
International creditors demanded politically sensitive changes to Greek Prime Minister Alexis Tsipras` tax and reform proposals on Wednesday, adding fresh uncertainty to talks aimed at unlocking aid to avert a debt default next week.
Jun 25, 2015, 01:29 AM IST
Asia markets up on Greece hopes, ECB easing hits euro
Asian markets rose for a third straight day Wednesday, with Tokyo hitting a more than 18-year high, on confidence Greece will finally hammer out a bailout reform deal with creditors and avert a default.
Jun 24, 2015, 17:29 PM IST
ECB, financial linchpin in Greece debt talks
Officially, the European Central Bank is not a political institution, but in keeping Greece`s banks afloat, it has become a linchpin in the negotiations between Athens and its creditors.
Jun 24, 2015, 15:46 PM IST
ECB increases again financial lifeline for Greek banks: Source
The European Central Bank (ECB) on Wednesday increased for the fifth time in 8 days emergency liquidity funds for Greece`s banks, a Greek banking source said.
Jun 24, 2015, 15:10 PM IST
Greek deal hopes could face reality of political hurdles in Athens
Hopes were high Tuesday that Greece and its creditors can seal a debt deal with exactly one week left to avert default, but those could fade as the Greek premier must convince his anti-austerity party to approve concessions needed to unblock bailout funds.
Jun 24, 2015, 09:35 AM IST
ECB raises emergency funding for Greek banks
The European Central Bank increased its funding lifeline to Greece`s banks again on Tuesday, sources with direct knowledge of the decision said, allowing the country`s banks to stay open as Athens inches towards a deal with creditors.
Jun 23, 2015, 21:56 PM IST
Asian shares bolstered by hopes for Greek deal
US stock futures rose about 0.2 percent after Wall Street posted solid gains on Monday, with the Nasdaq Composite closing at a record high.
Jun 23, 2015, 08:47 AM IST
ECB keeps Greece on life support as leaders meet
European Central Bank chiefs will discuss whether to extend Greece`s funding lifeline again after the meeting of euro zone leaders on Monday, officials said.
Jun 22, 2015, 22:55 PM IST
ECB again increases emergency liquidity reserve for Greek banks
The European Central Bank (ECB) again increased emergency liquidity funds for Greece`s banks Monday, according to a Greek bank source who said the ECB may renew the hike "at any time" if necessary.
Jun 22, 2015, 15:58 PM IST
ECB to hold new emergency meeting Monday on funding for Greek banks: Sources
The ECB`s governing council will hold a special meeting Monday to examine whether to raise the level of emergency funding for Greek banks, sources told AFP, after Greece`s banking system came under intense pressure with clients withdrawing billions in savings.
Jun 21, 2015, 23:07 PM IST
