Finance news

• Spain's Podemos says Germany, IMF put European project at risk

  27-06-2015 23:40
  MADRID, June 27 (Reuters) - The leaders of Europe and the International Monetary Fund are jeopardising the European project by forcing Greece into a corner, the leader of Spain's Podemos, an...
  
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• Former PM Samaras says Greece's future in euro at stake in referendum

  27-06-2015 23:31
  ATHENS, June 27 (Reuters) - Former Conservative Greek Prime Minister Antonis Samaras said the July 5th referendum proposed by the ruling Syriza government on the country's bailout terms would end up...
  
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• CORRECTED-EU leaders forced Greece to drop last referendum but may not interfere now

  27-06-2015 21:55
  BRUSSELS, June 27 (Reuters) - A Greek prime minister torn between accepting harsh bailout terms and a rebellion by the left wing of his party decides to call a referendum to break the political...
  
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• Germany's Schaeuble says resolved to prevent uncertainty in markets

  27-06-2015 21:39
  BRUSSELS, June 27 (Reuters) - For comments from euro zone finance minister attending a Eurogroup meeting on Greece on Saturday, double-click on (Reporting By Philip Blenkinsop)
  
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• WRAPUP 5-Euro zone readies for Greek default after Tsipras referendum call

  27-06-2015 21:17
  * Police increase security as lines form in front of cash machines
  
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• TEXT-Euro zone finance ministers statement on Greece

  27-06-2015 21:03
  BRUSSELS, June 27 (Reuters) - Ministers from 18 euro area Member States and the institutions held an informal meeting to discuss the forthcoming expiration of the current EFSF financial arrangement...
  
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• UPDATE 3-European tour operators evacuate thousands from Tunisia after attack

  27-06-2015 20:03
  * Gunman was unknown to Tunisian security services (Adds details on British victims, comments from airport)
  
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• Kuwait's Shi'ites mourn blast victims and lament sectarianism

  27-06-2015 19:53
  KUWAIT, June 27 (Reuters) - As a body passed, shrouded in Kuwait's flag, dozens of hands were raised from the crowd to support the bier and help carry it towards the Shi'ite Muslim cemetery where...
  
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• Greek govt to closely coordinate with ECB over banks

  27-06-2015 19:45
  ATHENS, June 27 (Reuters) - Greece's government will continue working closely with the European Central Bank and the country's central bank to ensure banks are stable, the deputy prime minister said...
  
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• Greek opposition leader to hold talks with president Sunday

  27-06-2015 19:39
  ATHENS, June 27 (Reuters) - Greek conservative opposition leader Antonis Samaras will hold talks with the country's president on Sunday, the president's office said, after opposition parties...
  
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• Argentine judge orders seizure of Falklands drillers' assets

  27-06-2015 18:45
  BUENOS AIRES, June 27 (Reuters) - An Argentine judge ordered the seizure of assets of oil drilling companies operating in the disputed Falklands Islands on Saturday, as rhetoric heats up before...
  
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• Tsipras tells Hollande, Merkel that Greece will survive

  27-06-2015 18:44
  ATHENS June 27 (Reuters) - Greek Prime Minister Alexis Tsipras told German Chancellor Angela Merkel and French President Francois Hollande on Saturday that Greeks "would survive", irrespective of a...
  
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• Greece's Varoufakis still hopes for last-minute deal

  27-06-2015 18:20
  BRUSSELS, June 27 (Reuters) - Greek Finance Minister Yanis Varoufakis held out hope on Saturday of a last-ditch agreement with creditors to prevent Greece defaulting on its debt and sliding towards...
  
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• Greek finance minister leaves meeting of EU finance ministers

  27-06-2015 18:13
  BRUSSELS, June 27 (Reuters) - Greek Finance Minister Yanis Varoufakis left a meeting of euro zone finance ministers on Saturday, after he failed to get an agreement to extend financing with Greece's...
  
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• Eurogroup to meet later without Greece -euro zone officials

  27-06-2015 17:23
  BRUSSELS, June 27 (Reuters) - Euro zone finance ministers plan to meet later on Saturday without their Greek counterpart following the conclusion of a meeting of all 19 ministers which has resumed...
  
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• Eurogroup meeting on Greece adjourned - euro zone officials

  27-06-2015 16:49
  BRUSSELS, June 27 (Reuters) - Saturday's Eurogroup meeting of euro zone finance ministers on Greece, the fifth such meeting in 10 days, was adjourned after about two hours, euro zone officials...
  
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• Greece says wants to continue debt talks based on its proposals

  27-06-2015 15:13
  ATHENS, June 27 (Reuters) - Greece wants to continue negotiations for a cash-for-reforms deal with its creditors based on the proposals it has submitted, which the government believes are the best...
  
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• China central bank eases policy again to support economy

  27-06-2015 15:00 via news.yahoo.com
  
  By Kevin Yao and Nicholas Heath BEIJING (Reuters) - China's central bank cut lending rates for the fourth time since November and trimmed the amount of cash that some banks must hold as reserves, stepping up efforts to support an economy that is headed for its poorest performance in a quarter century. The last time the central bank simultaneously cut interest rates and reserve requirements was at the height of the global financial crisis in late 2008. The latest move could also be aimed at
  
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• Greek bailout extension unlikely -euro zone official

  27-06-2015 13:09
  BRUSSELS, June 27 (Reuters) - Another extension of the bailout programme for Greece that would allow the country to make use of the funds still remaining in it is highly unlikely because several euro...
  
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• Kerry, Zarif see hard work ahead as nuclear talks begin

  27-06-2015 13:06 via news.yahoo.com
  
  By Arshad Mohammed and Parisa Hafezi VIENNA (Reuters) - Senior U.S. and Iranian officials said much hard work still needs to be done to bridge significant differences on an agreement to curb Iran's nuclear programme. With a deadline approaching on Tuesday, each side sought to place the onus on the other to finalise a deal under which Iran would cut back its nuclear programme in exchange for relief from economic sanctions. "If the other side...takes positive steps and does not make exce
  
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• Greek National Bank head says ATMS being replenished

  27-06-2015 12:39
  ATHENS, June 27 (Reuters) - The head of the Greek Bank Association Louka Katseli said on Saturday ATMs of banks were being replenished smoothly, following a government call for a referendum on a...
  
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• Greek minister calls on parties to back referendum

  27-06-2015 12:37
  ATHENS, June 27 (Reuters) - The Greek interior minister called on all political parties to back his government's decision to hold a referendum on bailout terms offered by the country's foreign...
  
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• China makes 4th recent cut in interest rate to boost economy

  27-06-2015 12:28 via news.yahoo.com
  
  BEIJING (AP) — China's central bank announced Saturday the fourth round of interest cuts in seven months and lower deposit-reserve ratios for banks to lend to small and rural businesses, as Beijing tries to shore up the country's sluggish economy.
  
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• China cuts reserve requirement again to support growth

  27-06-2015 11:56 via news.yahoo.com
  
  China's central bank on Saturday cut the reserve requirement ratio for certain banks by 50 basis points, a third reduction in nearly 5 months, as it seeks to spur bank lending and combat slowing economic growth. In a statement on its website, the People's Bank of China said it would cut rates for banks serving the country's farm sector and those that lend to small and medium-sized enterprises, adding that the reduction would take effect on Sunday. The People's Bank of China last cut the reserve
  
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• China cuts interest rates again to support economy

  27-06-2015 11:39 via news.yahoo.com
  
  China's central bank cut its benchmark lending rates by 25 basis points to 4.85 percent on Saturday, the fourth reduction since November, as it gears up to lower borrowing costs and support a slowing economy. The People's Bank of China (PBOC) also reduced one-year benchmark deposit rates by 25 basis points to 2 percent, it said in a statement on its website, adding that the reductions would take effect on Sunday.
  
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• China cuts interest rates for 4th time to boost economy

  27-06-2015 11:36 via news.yahoo.com
  
  BEIJING (AP) — China's central bank has announced the fourth recent round of interest cuts and lower reserve requirement ratios for small businesses, as Beijing tries to shore up the country's sluggish economy.
  
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• Romania falls short of bailout reform promises: EU

  27-06-2015 09:43 via news.yahoo.com
  
  Romania failed to make sufficient progress in implementing promised economic reforms in exchange for rescue funds, the European Commission said in a statement late Friday after a meeting in Bucharest. "Important steps have been taken in some areas and the macroeconomic situation is strong," said the Commission. Romania only managed to claw out of a deep recession after the EU and the IMF agreed to a bailout programme of 20 billion euros in 2009.
  
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• Investment in India increasing, says PM Modi

  27-06-2015 06:33 via news.yahoo.com
  
  New Delhi, June 27 (ANI): Prime Minister Narendra Modi on Saturday said that investment in the country is increasing and the world is coming to explore the opportunities India has to offer. "Investment in India is increasing, the world is coming to explore the opportunities India has to offer," Prime Minister Modi said on twitter while sharing a link to a Wall Street Journal article which praises India's economy growth. As per the Wall Street Journal article, India received USD 34 billion as FDI
  
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• BRICS bank to be operational by end of 2015: South Africa

  27-06-2015 03:22 via news.yahoo.com
  
  The emerging market BRICS nations will have their own development bank by the end of the year, South Africa said Friday. "The New Development Bank is expected to be operational by end of 2015," the South African finance ministry said in a statement that announced the nomination of South African banker Leslie Maasdorp as vice president of the bank and parliamentary ratification of two treaties concerning the lender. The BRICS nations -- Brazil, Russia, India, China and South Africa -- w
  
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• Requests for ice cream and flush toilets at Nevada's Burning Man stirs firestorm

  27-06-2015 03:05 via news.yahoo.com
  
  The demands drew the ire of two U.S. lawmakers from Nevada who described the requests, which also included a standing supply of ice cream, as excessive. Burning Man, named for the burning of a wooden effigy that marks the climax of the week-long festival of art and free expression, brings nearly 70,000 people to the Black Rock Desert in northern Nevada and adds an estimated $35 million to the local economy each year. This year, the bureau asked for a so-called Blue Pit lodging facility that woul
  
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• U.S. bond managers play defense ahead of expected Fed rate hike

  27-06-2015 02:40
  CHICAGO (Reuters) - The managers of some of America's biggest bond funds are trying to protect their portfolios from the effects of a potential interest rate hike by cutting exposure to emerging...
  
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• Text: Greek Prime Minister Tsipras announces bailout referendum

  27-06-2015 02:38 via news.yahoo.com
  
  For the past six months the Greek government has been giving battle in conditions of unprecedented economic asphyxiation, to implement your mandate, of Jan. 25. Throughout this negotiation period, we were asked to adopt bailout agreements which were agreed with previous governments, even though these were categorically condemned by the Greek people in the recent elections. An ultimatum which contravenes the founding principles and values of Europe.
  
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• Eurogroup head says 'sad' Greece has closed door to further talks

  27-06-2015 02:38 via news.yahoo.com
  
  Eurogroup head Jeroen Dijsselbloem on Saturday said Greece's decision to hold a referendum over the future of its bailout programme was a "sad" decision that shut the door to further talks. "I am very negatively surprised by today's decision by the Greek government," the Dutch finance minister said as he arrived for talks with his eurozone counterparts. Christine Lagarde, the head of Greece's most hardline creditor, the IMF, said the lender would keep working o
  
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• Kerry, Zarif to discuss Iran nuclear deal as deadline approaches: U.S. official

  27-06-2015 01:03 via news.yahoo.com
  
  By Arshad Mohammed and Parisa Hafezi VIENNA (Reuters) - The U.S. and Iranian foreign ministers will meet on Saturday, a senior U.S. official said, as major differences persist over an agreement under which Iran would curb its nuclear program in exchange for sanctions relief. U.S. Secretary of State John Kerry and Iranian Foreign Minister Mohammad Javad Zarif will sit down in the Austrian capital ahead of Tuesday's self-imposed deadline, which many officials expect to slip. Significant gaps
  
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• Transform your car into the 4G LTE connected car of the future with Vinli's little black box

  27-06-2015 00:47 via news.yahoo.com
  
  Vinli goes beyond basic fuel economy monitoring with 4G LTE, Wi-Fi hotspotting, GPS and more.
  
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• UPDATE 1-Stock trading spikes in annual Russell indices update

  27-06-2015 00:29
  SAN FRANCISCO, June 26 (Reuters) - U.S. stock trading volume spiked just before the close on Friday as money managers bought and sold shares to align their portfolios with the annual update of...
  
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