Market News


China may free up bank deposit rates soon: central bank official

Wed Jun 3, 2015 10:09pm EDT
China’s central bank is likely to remove the ceiling on bank deposit rates soon, instead of raising the cap again, Sheng Songcheng, head of the statistics department at the People’s Bank of China, was quoted on Thursday as saying. More

Brazil raises interest rates again, signals more hikes

Wed Jun 3, 2015 8:07pm EDT
Brazil raised interest rates to the highest levels in more than six years on Wednesday, extending a tightening campaign and leaving the door open for more hikes despite concerns that steep borrowing costs could deepen an expected economic recession. More

Greece may opt for elections if hard pressed with EU/IMF ultimatum

Wed Jun 3, 2015 6:32pm EDT
Greece’s leftist-led government would hold early elections if its international lenders force it to accept a cash-for-reforms deal that violates its “red lines” or risk bankruptcy, the ruling party’s parliamentary spokesman said on Thursday. More

Greece will make June 5 IMF payment if deal with lenders reached- official

Tue Jun 2, 2015 3:16am EDT
Greece will make a 300 million-euro payment to the International Monetary Fund due on Friday it reaches a deal with its lenders by then, even if aid is not disbursed in time, a Greek government official said on Tuesday. More

EU, ECB, IMF agree on terms of debt deal to put to Greece

Tue Jun 2, 2015 2:56pm EDT
The European Commission, the European Central Bank and the International Monetary Fund agreed on Tuesday on the terms of a cash-for-reform deal to be put to Greece in a bid to conclude four months of debt negotiations, a senior EU official said. More

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