Germany, France usher Greece back to negotiating table| Reuters
May 23, 2015 at 01:30 | Source:
RIGA European leaders told Greece on Friday to return to the negotiating table for "intensive work" to wrap up a reform agreement before cash runs out, sidestepping Athens' demand for a comprehensive, long-term solution to its troubles.With...
Merkel, Hollande urge Tsipras to complete current bailout| Reuters
May 22, 2015 at 06:15 | Source:
RIGA Greek Prime Minister Alexis Tsipras held talks on Athens' debt crisis with the German and French leaders but won little more in public than a reminder he needs to do more to secure funds urgently needed to avert bankruptcy."The discussions ...
Greek official says 'closer to a deal' after Riga talks| Reuters
May 22, 2015 at 05:15 | Source:
RIGA Talks between the leaders of Greece, Germany and France brought Athens closer to a settlement with its creditors, a Greek government official said on Friday, adding that differences remained on familiar issues. "We are closer to a deal,&quo...
SpiceJet seeks to infuse Rs 300 cr for fleet expansion
May 21, 2015 at 14:58 | Source:
Low-cost carrier SpiceJet Ltd, which came close to collapsing in December after running out of cash to pay its creditors, is looking to raise an additional Rs 300 crore ($47 million) and increase its fleet size to 45-50 aircraft by the end of fiscal ...
Greece says it will default in June without aid from lenders| Reuters
May 20, 2015 at 23:30 | Source:
ATHENS Greece cannot make an upcoming payment to the International Monetary Fund on June 5 unless foreign lenders disburse more aid, a senior ruling party lawmaker said on Wednesday, the latest warning from Athens it is on the verge of default. Prime...
Greece nears debt deal in May as money runs low| Reuters
May 19, 2015 at 05:30 | Source:
ATHENS Greece is near a cash-for-reforms deal with its euro zone partners and the International Monetary Fund that would help it meet debt repayments next month, the country's finance minister said on Monday, as worries persist over a possible bankru...
Greek cash seen lasting into June, no EU deal imminent| Reuters
Apr 22, 2015 at 23:45 | Source:
ATHENS/BRUSSELS (Reuters) - Greece can scrape together enough cash to meet its payment obligations into June, euro zone and Greek officials said on Wednesday, playing down fears of an imminent default as hopes receded of a deal with its creditors to ...
Gold slips as dollar firms, Greek debt crisis eyed for cues | Reuters
Apr 22, 2015 at 07:30 | Source:
SINGAPORE (Reuters) - Gold gave up some of its overnight gains on Wednesday as the U.S. dollar firmed after earlier losses, with investors keeping their attention focussed on the Greek debt crisis and its impact on the currency markets.FUNDAMENTALS* ...
China sees first state-owned firm default on bond| Reuters
Apr 22, 2015 at 03:15 | Source:
SHANGHAI (Reuters) - A power company in China failed to make an interest payment on a bond on Tuesday marking the first time a state-owned firm has been allowed to default and adding to evidence that Beijing is slowly withdrawing its sovereign guaran...
IMF nations point to exchange rate, geopolitical risks| Reuters
Apr 19, 2015 at 08:24 | Source:
WASHINGTON (Reuters) - The International Monetary Fund's member nations on Saturday warned of risks to the global economy from exchange rate shifts and geopolitical tensions as they took note of "moderate" global growth and "uneven pro...
RBS prevails in US fraud lawsuit over pre-crisis disclosures| Reuters
Apr 16, 2015 at 01:30 | Source:
NEW YORK (Reuters) - A U.S. appeals court on Wednesday declined to hold Royal Bank of Scotland Group Plc (RBS.L) liable for allegedly defrauding investors in its American depositary shares by downplaying its subprime asset exposure prior to the globa...
If Big Banks fail again, will Uncle Sam come to the rescue? You bet
Apr 14, 2015 at 22:58 | Source:
(The following is an excerpt from Easy MoneyThe Greatest Ponzi Scheme Ever and How It Is Set to Destroy the Global Financial System).A large number of firms like AIG, Citigroup, Fannie Mae, Freddie Mac, etc., were rescued in the aftermath of the fina...