Greece, creditors 'must find solutions that do not expand poverty': Austria
Greece and its creditors must reach a loan agreement that does not deepen poverty in the recession-hit country, the Austrian chancellor said on Wednesday as the critical talks appeared to have hit a wall.
Jun 17, 2015, 19:06 PM IST
India needs to project its new image, its stability, says US business leader
Recent changes in China has made it less predictable and this gives India a big opportunity to project its stability, a leading US business leader said Tuesday.
Jun 17, 2015, 13:45 PM IST
Greek PM tears into lenders, eurozone prepares for "Grexit"
Prime Minister Alexis Tsipras lashed out at Greece`s creditors on Tuesday, accusing them of trying to "humiliate" Greeks, as he defied a drumbeat of warnings that Europe is preparing for his country to leave the euro.
Jun 16, 2015, 20:33 PM IST
IMF has 'criminal responsibility' for Greek crisis: Alexis Tsipras
Greek Prime Minister Alexis Tsipras charged Tuesday the International Monetary Fund had "criminal responsibility" for Greece`s debt crisis and called on the country`s European creditors to assess the IMF`s policies.
Jun 16, 2015, 18:52 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
Greece battles to avert default debacle in EU-IMF talks
Greece tried Monday to drag loan talks with its EU-IMF creditors back from the brink after negotiations collapsed over the weekend and left the country just two weeks away from a catastrophic default on its debt.
Jun 15, 2015, 21:51 PM IST
Greece, creditors dig in after debt talks founder
Greece and its creditors stuck to their positions on Monday after the collapse of talks aimed at preventing a default and possible euro exit, while Germany`s EU commissioner said it was time to prepare for a "state of emergency".
Jun 15, 2015, 21:17 PM IST
Greece and creditors fail in "last attempt" to reach deal
Following what it called this "last attempt" at a solution, the EU`s executive Commission said euro zone finance ministers would now tackle the issue when they meet on Thursday.
Jun 15, 2015, 09:23 AM 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, 02:51 AM IST
Greece talks push on as default looms
Greek and EU-IMF negotiators were locked in last-chance talks on Sunday to avert a default by Athens that could pave the way for a catastrophic exit by Greece from the euro and sow economic chaos in Europe.
Jun 14, 2015, 20:12 PM IST
Greeks seek debt relief as EU steps up warnings
Greek negotiators were expected to press the country`s international creditors for debt relief on Sunday as Europe stepped up pressure on Athens to offer major concessions on austerity and reform or face dire consequences.
Jun 14, 2015, 18:03 PM IST
Greece last-chance talks enter second day
Greek and EU-IMF negotiators were locked in last-chance talks on Sunday to avert a default by Athens that could pave the way for a catastrophic exit by Greece from the euro and sow economic chaos in Europe.
Jun 14, 2015, 18:00 PM IST
IMF `blocked EU compromise proposal` in Greek debt talks
The International Monetary Fund "torpedoed" a recent attempt by European Commission chief Jean-Claude Juncker to offer Athens a compromise proposal in tortuous debt talks, a German daily reported.
Jun 14, 2015, 17:59 PM IST
Greece's PM warns of 'difficult compromise' after default threat
Greek premier Alexis Tsipras warned Greece on Saturday to prepare for a "difficult compromise" with its EU-IMF creditors as his closest advisors delivered a last-chance proposal to avert a catastrophic default by Athens.
Jun 13, 2015, 23:30 PM IST
IMF board postpones decision on emerging countries' voting rights
The International Monetary Fund`s board on Friday decided to postpone by three months its decision on how to raise emerging countries` voting rights at the institution, as it seeks to get past U.S. foot-dragging on reforms.
Jun 13, 2015, 08:50 AM IST
IMF quits Greek talks; EU tells Tsipras to stop gambling
The International Monetary Fund dramatically raised the stakes in Greece`s stalled debt talks on Thursday, announcing that its delegation had left negotiations in Brussels and flown home because of major differences with Athens.
Jun 12, 2015, 09:33 AM IST
S&P cuts Greece rating after IMF payment delay
Standard & Poor`s cut its already deep-junk rating for Greek bonds by one notch to "CCC" on Wednesday after the cash-strapped country delayed a debt payment to the International Monetary Fund last week.
Jun 11, 2015, 09:17 AM IST
Greece`s Varoufakis says it`s time to reach a debt deal
Greece`s finance minister said on Monday it was time the finger-pointing in debt talks with its EU-IMF creditors stopped and that both sides "come to an agreement".
Jun 08, 2015, 22:51 PM IST
IMF official warns of market disorder from Fed rate hike
The International Monetary Fund`s deputy managing director warned on Monday that there is "considerable" risk for negative spillover from the U.S. Federal Reserve`s pending interest rate hike.
Jun 08, 2015, 10:49 AM IST
IMF confirms delay in Greek debt payments to end of June
The International Monetary Fund (IMF) confirmed Thursday that Greece will be bundling four debt repayments due in June at the end of the month, averting the possibility of a Greek default Friday.
Jun 05, 2015, 08:58 AM IST
