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
Greek PM summoned to Brussels for debt deal talks
Greek Prime Minister Alexis Tsipras was summoned to Brussels for a decisive meeting with key EU-IMF creditors Wednesday as eurozone finance ministers try to finalise a debt deal and avoid a default by Athens.
Jun 24, 2015, 15:15 PM IST
Greece in `final stretch` of talks: Varoufakis
Crisis-hit Greece is in the "final stretch" of negotiations with creditors and could reach agreement shortly, Finance Minister Yanis Varoufakis indicated Wednesday.
Jun 24, 2015, 15:13 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
US stocks move higher, pushing Nasdaq to new record
US stocks scored modest gains Tuesday amid positive US and eurozone data as investors kept a wait-and-see attitude on Greece`s potential debt deal.
Jun 24, 2015, 09:29 AM IST
Gold retreats as Greek hopes lift stocks, euro slides
Spot gold was down 0.1 percent at $1,183.70 an ounce, while US gold futures for August delivery fell 40 cents to $1,183.70.
Jun 23, 2015, 20:06 PM IST
Greece optimism lifts world stocks but strong dollar tempers euro
Signs that a deal could be at hand to stave off a Greek default lifted global shares on Tuesday and cut borrowing costs for euro zone countries seen as most vulnerable to the protracted crisis.
Jun 23, 2015, 15:11 PM 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 tragedy may see RBI selling $15-bn to defend Re at 65
If the much-awaited Greek deal fails, the Reserve Bank will have to sell as much as USD 15 billion to defend the rupee at 65 levels, says a report.
Jun 22, 2015, 19:40 PM IST
Key meetings ahead over Greece crisis
The goal is to bridge the gap between the leftist Greek government and its EU-IMF creditors over the economic and budgetary reforms Athens needs to commit to in order to unblock the last tranche of 7.2 billion euros in the country`s second international bailout since 2010.
Jun 20, 2015, 23:38 PM IST
Greece hopeful of last-ditch deal despite default warnings
Greece said Friday it was still hopeful for an 11th-hour deal to stop it defaulting on its debt, as despairing Greek savers withdrew their cash from the country`s troubled banks ahead of fresh talks next week.
Jun 20, 2015, 09:09 AM IST
'Grexit' would be 'beginning of the end of the eurozone': Greek PM
A Greek exit from the eurozone would be the beginning of the end of the single currency, Greek Prime Minister Alexis Tsipras was quoted as saying Friday in a newspaper interview.
Jun 19, 2015, 13:28 PM 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
IMF rules out Greek payment delay
International Monetary Fund chief Christine Lagarde warned Greece Thursday it would get no leeway on a huge debt payment as EU ministers warned they were looking at a "plan B" for a possible default.
Jun 18, 2015, 23:50 PM IST
Next step has to come from Greece: Eurogroup`s Dijsselbloem
Greece must make the next move towards reaching a debt deal with its EU-IMF creditors but there is little chance of an agreement at a meeting of eurozone finance ministers Thursday, Eurogroup chief Jeroen Dijsselbloem said.
Jun 18, 2015, 20:21 PM IST
IMF`s Lagarde says `no period of grace` for Greek debt payment
International Monetary Fund chief Christine Lagarde warned cash-strapped Greece Thursday it will get no extra time to make a huge debt payment due at the end of the month.
Jun 18, 2015, 17:52 PM IST
Merkel says Greek deal still possible if Athens shows the will
German Chancellor Angela Merkel said on Thursday a deal between Greece and its creditors was still possible if Athens showed the necessary will, amid mounting pessimism that the austerity-hit country might crash out of the euro zone.
Jun 18, 2015, 16:38 PM IST
Gold price retains gains near $1,185 on safe-haven bids over Greece
Gold was trading firmly near USD 1,185 an ounce on Tuesday, clinging to overnight gains as Greece`s failure to strike a deal with its creditors triggered safe-haven bids.
Jun 16, 2015, 09:04 AM IST
Greek talks failure hits world shares, buoys low-risk debt
Failure in the latest talks aimed at averting a Greek default hurt shares in Europe and Asia on Monday, drove investors into the safety of low-risk government bonds and weighed on the euro.
Jun 15, 2015, 15:06 PM IST
Greece deal 'requires difficult decisions by all sides' : IMF
An agreement on Greece will require "difficult decisions by all sides," the IMF said, after last-ditch talks between cash-strapped Athens and its EU-IMF creditors ended with no deal on Sunday.
Jun 15, 2015, 09:54 AM IST
