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01 Jul 2015

Defiant Greek PM Alexis Tsipras vows referendum will go ahead

Greek Prime Minister Alexis Tsipras vowed Wednesday to go ahead with a controversial bailout referendum despite pressure from European leaders as they declined to consider any fresh debt offer before Sunday`s vote.

30 Jun 2015

Sensex gives up initial gains, but still up 54 points

The 50-share Nifty was also up 21 points, or 0.25 percent, at 8,338.85 at 1140 hours.

30 Jun 2015

Sensex recovers 117 points on value-buying, Asian cues

The benchmark BSE Sensex rebounded over 117 points in early trade Tuesday, after two sessions of losses, on value-buying by investors in select blue-chips amid a recovery at Asian markets despite the ongoing Greece crisis.

30 Jun 2015

EU in last-ditch bid to Greece, urges 'yes' vote to bailout

European leaders Monday pleaded with Greek voters to back hotly disputed bailout proposals in a crunch referendum or face leaving the euro as bank closures left many in Greece scrambling to find cash.

29 Jun 2015

Greek worries push oil below $62 to three-week low

Oil fell more than $1 to below $62 per barrel on Monday, its lowest in three weeks, as Greece shut its banks and imposed capital controls, causing investors to flee from riskier assets and darkening the demand outlook.

29 Jun 2015

EU to make latest proposals on Greek crisis on Monday: Moscovici

The president of the European Commission will make his latest proposals later on Monday to try to avoid a Greek default, the EU commissioner of economic affairs said, adding that there was still room to negotiate over the crisis.

27 Jun 2015

Greek PM Alexis Tsipras calls referendum on bailout for July 5

Greece will hold a referendum on July 5 on the outcome of negotiations with its international creditors taking place in Brussels on Saturday, Prime Minister Alexis Tsipras announced.

25 Jun 2015

US stocks drop; hospitals surge on pro-Obamacare court ruling

Health stocks soared Thursday after the Supreme Court upheld a key provision of President Barack Obama`s health care reform, but the broader market fell on worries of a Greek default.

15 Jun 2015

Greece battles to avert default debacle in EU-IMF talks

Greece tried Monday to drag loan talks with its EU-IMF creditors back from the brink after negotiations collapsed over the weekend and left the country just two weeks away from a catastrophic default on its debt.

15 Jun 2015

Greek talks failure hits world shares, buoys low-risk debt

Failure in the latest talks aimed at averting a Greek default hurt shares in Europe and Asia on Monday, drove investors into the safety of low-risk government bonds and weighed on the euro.

09 Jun 2015

Greece talks of compromise as Merkel warns time is short

Three days after Prime Minister Alexis Tsipras told his parliament the latest proposal from the EU and IMF was "absurd", the Greek government said it was ready to negotiate a settlement acceptable to both sides by the end of this month - when Greece`s bailout programme expires and it faces the prospect of default on its debts.

07 Jun 2015

EU chief rebukes Greece, demands swift debt plan

He urged Athens to put its own ideas on the table swiftly to enable talks to resume on the sidelines of an EU-Latin America summit on Wednesday in Brussels.

International Monetary Fund

05 Jun 2015

IMF confirms delay in Greek debt payments to end of June

The International Monetary Fund (IMF) confirmed Thursday that Greece will be bundling four debt repayments due in June at the end of the month, averting the possibility of a Greek default Friday.

09 Feb 2015

US stocks drop on fears of Greek default

Wall Street stocks Monday followed European equity markets lower, dropping on growing fears of a Greek default and exit from the eurozone.

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