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Greek signal on meeting debt obligations encouraging: Germany

Tue May 26, 2015 5:47am EDT
It is encouraging that Greece has signaled its desire to meet looming debt obligations, including a 300 million euro payment to the IMF which falls due on June 5, a senior German official said on Tuesday. More

Italian bond futures slump on Greek, Spanish concerns

Tue May 26, 2015 2:21am EDT
Italian bond futures fell in early trade on Tuesday on concerns about Greece’s ongoing debt problems and a regional election result in Spain that reflected growing voter discontent with austerity programmes. More

China looks to boost use of yuan in Latin America

Mon May 25, 2015 10:36pm EDT
Chile’s central bank and the People’s Bank of China are clearing a path for the use of the Chinese yuan in South America as the two countries look to strengthen their trade relationship. More

Greece says wants to make debt payments but needs aid urgently

Mon May 25, 2015 2:46pm EDT
Greece intends to make good on its debt obligations but needs aid urgently to be able to do so, the government said on Monday, after several senior officials insisted Athens had no money to pay a loan instalment falling due next week. More

Brazil confirms $23 bln spending freeze for 2015

Fri May 22, 2015 3:50pm EDT
The Brazilian government said on Friday it will freeze 69.9 billion reais ($22.6 billion) in spending this year, signaling greater commitment to austerity as President Dilma Rousseff battles to regain the confidence of investors. More

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