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Euro zone warns Greece no cash till full reform deal| Reuters

Apr 24, 2015 at 23:45 | Source: FirstPost

RIGA (Reuters) - Euro zone finance ministers warned Greece on Friday that its leftist government will get no more aid until it agrees a complete economic reform plan, as Athens lurches closer to bankruptcy.Greek Finance Minister Yanis Varoufakis face...

Merkel to press Greece's Tsipras for progress on reforms| Reuters

Apr 24, 2015 at 00:30 | Source: FirstPost

BRUSSELS/BERLIN (Reuters) - German Chancellor Angela Merkel was expected to press Greek Prime Minister Alexis Tsipras on Thursday to move faster to agree detailed economic reforms crucial to unlock international bailout funds before Athens runs out o...

Gold has sharpest single-day loss in six weeks on U.S. housing data| Reuters

Apr 23, 2015 at 01:15 | Source: FirstPost

NEW YORK/LONDON (Reuters) - Gold fell to its lowest level in more than a week on Wednesday, suffering its sharpest single session loss in over six weeks after a report showed strong U.S. home sales in March, raising expectations for a June U.S. Feder...

Greek cash seen lasting into June, no EU deal imminent| Reuters

Apr 22, 2015 at 23:45 | Source: FirstPost

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: FirstPost

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: FirstPost

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: FirstPost

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...

G20 more upbeat on growth, but officials fret over Greece| Reuters

Apr 18, 2015 at 03:45 | Source: FirstPost

WASHINGTON (Reuters) - The Group of 20 leading economies struck a hopeful tone on the outlook for global growth on Friday, even as officials fretted that Athens' inability to strike a deal with its lenders could upset Europe's tentative recovery.In a...

Global shares fall on China margin crackdown, dollar falls| Reuters

Apr 18, 2015 at 03:15 | Source: FirstPost

NEW YORK (Reuters) - Global equity markets fell on Friday on reports about a crackdown on margin lending in China, while the dollar retreated after rising U.S. consumer prices failed to ease concerns that the Federal Reserve might delay plans to rais...

Global shares fall on China margin crackdown, dollar eases| Reuters

Apr 18, 2015 at 02:15 | Source: FirstPost

NEW YORK (Reuters) - Global equity markets fell on Friday on reports about a crackdown on margin lending in China, while the dollar retreated even as U.S. consumer price data added to the view the Federal Reserve will raise interest rates this year.C...

Global shares fall on China margin crackdown, dollar gains| Reuters

Apr 18, 2015 at 00:45 | Source: FirstPost

NEW YORK (Reuters) - Global equity markets fell on Friday as a crackdown on margin lending in China sent ripples around the world, while the dollar gained on rising U.S. consumer price data that should keep the Federal Reserve on track to raise inter...

IMF's Lagarde says Greece should not delay payments| Reuters

Apr 17, 2015 at 04:15 | Source: FirstPost

WASHINGTON (Reuters) - The head of the International Monetary Fund on Thursday signalled that the IMF would not agree to let Greece delay a scheduled bailout payment, saying the Fund needed to protect its sterling reputation as a global lender.Greece...

RBS prevails in US fraud lawsuit over pre-crisis disclosures| Reuters

Apr 16, 2015 at 01:30 | Source: FirstPost

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: FirstPost

(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...

Prepare for more cancellations: SpiceJet runs short of planes for scheduled flights

Mar 27, 2015 at 15:23 | Source: FirstPost

Low-cost carrier SpiceJet will have to cancel more than a fifth of its planned daily flights if it cannot reach an agreement with its lessors to bring in more aircraft by the end of this month, a company spokesman said.SpiceJet, which cameBoein close...

Air India has certain social obligations; govt won't privatise it now, says minister Mahesh Sharma

Mar 27, 2015 at 09:32 | Source: FirstPost

The Civil Aviation Ministry on Thursday ruled out any immediate plan to hand over Air India to a private entity and said a group of experts would soon be set up for advising the government on a revival roadmap for the loss-making airline."At pre...

No immediate plan to privatise Air India: Mahesh Sharma

Mar 26, 2015 at 22:43 | Source: FirstPost

New Delhi: Civil Aviation Minister Mahesh Sharma on Thursday ruled out any immediate plan to hand over Air India to a private entity and said a group of experts would soon be set up for advising the government on a revival roadmap for the loss-making...

Greece risks running out of cash by April 20, scrambles on reforms

Mar 25, 2015 at 02:30 | Source: FirstPost

ATHENS/BERLIN (Reuters) - Greece risks running out of cash by April 20 unless it secures fresh aid, a source familiar with the matter told Reuters on Tuesday, leaving it little time to convince sceptical creditors it is committed to economic reform.A...

Greek PM wrote to Merkel warning of "impossible" debt obligation

Mar 24, 2015 at 03:30 | Source: FirstPost

ATHENS (Reuters) - Greek Prime Minister Alexis Tsipras wrote to German Chancellor Angela Merkel last week warning that it would be "impossible" for Greece to make debt payments over the next few weeks without more financial help, his govern...

Tsipras, Merkel display goodwill, little sign of debt progress

Mar 24, 2015 at 03:15 | Source: FirstPost

BERLIN (Reuters) - Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel put on a public display of mutual goodwill on Monday, appealing to Greeks and Germans to set aside recrimination and national stereotypes and work for a better...

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