Market News


ECB raises emergency funding for Greek banks by $559 million: source

Tue Jun 2, 2015 1:13pm EDT
The European Central Bank raised the cap on emergency liquidity assistance Greek banks can draw from the country’s central bank by 500 million euros ($559 million), taking the ceiling to 80.7 billion euros, a banking source told Reuters on Tuesday. More

Merkel, Hollande, Tsipras call was ‘constructive': Germany

Mon Jun 1, 2015 12:14pm EDT
A phone call on Sunday between German Chancellor Angela Merkel, French President Francois Hollande and Greek Prime Minister Alexis Tsipras took place in a “constructive” atmosphere, the German government said on Monday. More

Euro without Greece would be ‘different animal': Italy econ min

Mon Jun 1, 2015 11:52am EDT
The euro zone would be a “different animal” if Greece left the single currency, Italian Economy Minister Pier Carlo Padoan said on Monday as the expiration of Greece’s bailout program on June 30 comes closer. More

“There is no Grexit scenario” – French Finmin

Fri May 29, 2015 8:17am EDT
There is no scenario for Greece leaving the euro zone, French Finance Minister Michel Sapin said on Friday. More

Brazil’s Levy looks beyond austerity to shore up economy

Fri May 29, 2015 4:16pm EDT
The Brazilian government is looking beyond fiscal austerity to avoid a recession, Finance Minister Joaquim Levy said on Friday, signaling what could be a new phase in the administration’s strategy to pull the economy out of its lull. More

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