Strauss-Kahn suggests temporary halt to Greek debt payments
Former IMF chief Dominique Strauss-Kahn broke his silence on the Greek debt crisis on Saturday, calling for Athens` creditors to accept a temporary suspension of payments.
Jun 28, 2015, 02:45 AM IST
Greece on the brink after Europe refuses bailout
Greece hurtled closer to the catastrophic possibility of a euro exit Saturday after Europe responded to the government`s call for a referendum by refusing to extend Athens`s desperately needed bailout.
Jun 28, 2015, 02:42 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
Greeks rush to withdraw cash as MPs debate bailout referendum
Greek lawmakers on Saturday debated whether to hold a controversial bailout referendum as fears of a default intensified and worried customers began queueing to withdraw money.
Jun 28, 2015, 02:02 AM IST
Germany`s Schaeuble says eurozone will fight danger of contagion
The eurozone will do all it can to fight the risk of financial contagion from Greece after its creditors refused to extend its bailout, German Finance Minister Wolfgang Schaeuble said Saturday.
Jun 28, 2015, 01:53 AM IST
Euro slips ahead of crunch weekend in Greece crisis
The euro edged lower Friday ahead of a make-or-break weekend for Greece, with the country under warning to accept the new deal from creditors or be left to default on its debts.
Jun 27, 2015, 07:25 AM IST
Greek PM Alexis Tsipras calls referendum on bailout for July 5
Greece will hold a referendum on July 5 on the outcome of negotiations with its international creditors taking place in Brussels on Saturday, Prime Minister Alexis Tsipras announced.
Jun 27, 2015, 07:22 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
Oil prices flat awaiting Greece, Iran outcomes
Oil prices traded flat Friday in a market still devoid of strong demand or supply signals but wary of Greece`s cliffhanger debt talks and negotiations about Iran`s nuclear program in Vienna.
Jun 27, 2015, 04:23 AM IST
Greece's Tsipras summons cabinet as debt deadline nears
Greek Prime Minister Alexis Tsipras summoned an urgent meeting of his cabinet on Friday after euro zone partners warned Athens it had until the weekend to accept a cash-for-reform deal or plunge towards default.
Jun 27, 2015, 03:17 AM IST
Greek crisis stretches into weekend as deadline looms
Greece and its EU-IMF creditors once more failed to break the deadlock in emergency bailout deal talks Thursday, sending the crisis hurtling towards a critical weekend meeting in a bid to avoid a default by Athens.
Jun 26, 2015, 06:25 AM IST
Greek govt says disagrees with new debt proposals, talks to continue
Greek negotiators "do not agree" with their creditors` latest proposals for a deal to prevent Athens from defaulting on its massive debts, a Greek government source said Wednesday, but added that talks were continuing.
Jun 25, 2015, 02:55 AM IST
Oil slides after big US gasoline build offsets crude draw
Crude oil futures settled down more than 1 percent on Wednesday after a government report showing an eighth straight weekly drop in US crude stockpiles was offset by a large build in refined products.
Jun 25, 2015, 02:32 AM 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
Juncker says `I don`t understand Tsipras`: Report
He said Athens had obviously misunderstood his role in seeking a compromise as "someone who can pull a rabbit out of the hat", Juncker said.
"But that is not the case. I repeatedly warned Mr Tsipras that he cannot rely on me to prevent a collapse of talks."
European stocks open lower as IMF halts Greek talks
"European equities are trading moderately lower this morning after yesterday`s rally had come to an abrupt halt on the back of reports that the IMF has halted negotiations with Greece due to a lack of progress," said analyst Markus Huber at brokerage Peregrine & Black.
Jun 12, 2015, 15:07 PM IST
Gold price climbs for third day on softer dollar, Greece worries
Gold rose for a third straight session on Wednesday, helped by a softer dollar and worries over the Greek debt crisis, but a looming U.S. interest rate increase and outflows from bullion-backed funds continued to weigh on the market.
Jun 10, 2015, 13:29 PM IST
Gold holds up on Greek crisis, but dollar strength caps gains
Spot gold was steady at $1,190.25 an ounce by 0322 GMT after earlier climbing to a session peak of $1,196.35, its highest since May 26.
Jun 01, 2015, 10:13 AM IST
Gold retains losses as Fed says soft U.S. economy only transitory
Gold retained losses from overnight on Thursday, as the Federal Reserve characterised the recent slowdown in the U.S. economy as only transitory, not ruling out an interest rate hike this year.
Apr 30, 2015, 06:57 AM IST
Strong US housing data keeps gold below $1,200 per ounce
Gold hovered below USD 1,200 an ounce on Thursday, following its biggest drop in over a month, as strong US housing data stoked expectations the Federal Reserve would soon hike interest rates.
Apr 23, 2015, 11:21 AM IST
