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Greek debt restructuring is inevitable, says IMF chief

Wed Jul 29, 2015 11:11am EDT
Greece’s international creditors will have no choice but to accept an easing of the terms of Athens’ debts, the head of the International Monetary Fund said on Wednesday. More

Brazil hikes interest rates to 14.25 pct to curb inflation

Wed Jul 29, 2015 8:15pm EDT
Brazil’s central bank raised interest rates to 14.25 percent from 13.75 percent as expected on Wednesday, delivering another hefty increase to stifle inflationary risks from a sharp depreciation of the local currency. More

Brazil investment grade rating is at risk, S&P warns

Tue Jul 28, 2015 9:20pm EDT
Standard & Poor’s on Tuesday said Brazil could lose its coveted investment-grade rating in the coming year if fallout from a number of corruption investigations further stymies economic growth and implementation of austerity measures. More

Prices dip as Chinese stocks stabilize, new issues loom

Tue Jul 28, 2015 4:35pm EDT
U.S. Treasuries fell on Tuesday as analysts and traders pointed to a stabilization of Chinese share prices and a supply of new issues exacerbated by seasonally low trading volumes. More

Greek bourse to reopen Wednesday or Thursday after ECB approval: regulator

Tue Jul 28, 2015 4:26pm EDT
The Greek stock market will reopen on Wednesday or Thursday after a month-long shutdown but with restrictions on trading by local investors at the request of the European Central Bank, the Greek securities regulator chairman told Reuters on Tuesday. More

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