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U.S. to continue pressing China on currency policy: Lew

Wed Jun 24, 2015 7:01pm EDT
The United States will keep pressing China to move to a market-determined exchange rate even after Beijing committed to intervene in currency markets only when market conditions are disorderly, Treasury Secretary Jack Lew said on Wednesday. More

Greek official says creditors’ proposals fall short, talks go on

Wed Jun 24, 2015 2:23pm EDT
Greece said on Wednesday that talks would continue with international creditors on forging a cash-for-reforms deal, but new proposals by the lenders could not be accepted. More

Italy takes steps to help banks offload bad loans

Tue Jun 23, 2015 5:01pm EDT
Italian Prime Minister Matteo Renzi announced a series of long-awaited measures on Tuesday aimed at helping banks in the euro zone’s third-biggest economy offload bad debts and revive lending to businesses. More

ECB raises emergency funding for Greek banks

Tue Jun 23, 2015 9:10am EDT
The European Central Bank increased its funding lifeline to Greece’s banks again on Tuesday, sources with direct knowledge of the decision said, allowing the country’s banks to stay open as Athens inches toward a deal with creditors. More

India to more than double capital injection in state banks to $3 billion

Tue Jun 23, 2015 6:12am EDT
India plans to inject about $3 billion into state-owned banks this fiscal year and could double that amount next year in a push to boost capital and help lenders meet the global Basel III regulatory requirements, Finance Secretary Rajiv Mehrishi said. More

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