Market News


Greek government aims for deal with creditors on Monday – Finmin

Wed Jul 1, 2015 3:23pm EDT
The Greek government aims to secure deal with creditors on Monday, a day after a referendum in which Greeks will vote on whether to accept or reject a bailout offer made by lenders last week, Finance Minister Yanis Varoufakis said on Wednesday. More

Euro zone finance ministers put Greece on hold

Wed Jul 1, 2015 3:12pm EDT
The Greek government’s attempt to kick-start talks on a new credit package got short shrift from euro zone finance ministers, who decided to put all discussion with Athens on hold until after a referendum on Sunday. More

Tough outlook for China’s mid-tier banks after rate cuts

Tue Jun 30, 2015 11:25pm EDT
Scrambling to attract funds in a downward market, Chinese mid-sized banks are offering deposit rates above those offered by larger rivals, a tactic that is going to hit their profit much harder while loan rates continue to fall. More

Market falls threaten to expose cracks in corporate China

Tue Jun 30, 2015 10:08pm EDT
Despite reassurances by regulators that margin debt in China’s stock markets remains manageable, total leverage could be as much as $645 billion – magnifying risks not just for retail investors, but also the thinly stretched corporate sector. More

Euro burdened by Greece, uncertainty high

Tue Jun 30, 2015 7:56pm EDT
The euro remained on the defensive in Asia on Wednesday as Greece became the first developed economy to default on a loan with the IMF, setting the scene for another day of uneasy action in markets. More

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