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Wall Street pares losses on energy rebound; Shake Shack, Amazon rally

Jan 31, 2015 at 03:15 | Source: FirstPost

NEW YORK (Reuters) - U.S. stocks pared earlier losses to trade little changed Friday afternoon amid a rebound in the energy sector as oil prices surged on expectations for a supply decline due to a falling rig count.The S&P energy sector was up 1...

Dollar set for record run, European shares rise

Jan 31, 2015 at 01:30 | Source: FirstPost

LONDON (Reuters) - The dollar was on track on Friday for its best run since it was floated in 1971, notching up a seventh straight month of gains, while European shares headed for their best monthly performance in more than three years.Cheered by upb...

Greece's Varoufakis: 'No debt talks with EU-IMF troika'

Jan 31, 2015 at 00:01 | Source: BBC

Greece's new left-wing finance minister says his government will not negotiate over the Greek bailout conditions with the troika team from the EU and IMF. Yanis Varoufakis said he was rather seeking direct talks with eurozone leaders, to try to ...

EU wins Greek backing to extend Russia sanctions, delays decision on new steps

Jan 30, 2015 at 03:15 | Source: FirstPost

BRUSSELS/KIEV (Reuters) - European Union foreign ministers extended existing sanctions against Russia on Thursday, holding off on tighter economic measures for now but winning the support of the new left-leaning government of Greece, whose position h...

Where next for the eurozone after the Greek vote?

Jan 30, 2015 at 01:41 | Source: BBC

So where does the eurozone go from here? Syriza's election victory raises some difficult questions for the other countries using the currency and for the European institutions. The party's proposals represent a challenge to the austerity th...

U.S. provides more aid to Ukraine, threatens to step up sanctions on Russia

Jan 29, 2015 at 00:47 | Source: FirstPost

KIEV (Reuters) - The United States signed an agreement on Wednesday to provide $2 billion in loan guarantees to help war-torn Ukraine with "near-term social spending" in 2015 and said it was prepared to step up economic sanctions against Ru...

Greek PM Tsipras promises radical change, markets tumble

Jan 28, 2015 at 23:20 | Source: FirstPost

ATHENS (Reuters) - Leftwing Greek Prime Minister Alexis Tsipras threw down an open challenge to international creditors on Wednesday by halting privatisation plans agreed under the country's bailout deal, prompting a third day of heavy losses on fina...

Greece markets hit by debt default fears

Jan 28, 2015 at 19:06 | Source: BBC

Greek financial markets were in turmoil on Wednesday with investors fearing the new anti-bailout government was determined to defy its international creditors. Greek five-year bond yields jumped to a record high of 13%, reflecting fears investors may...

Greece will not default - PM Tsipras

Jan 28, 2015 at 17:46 | Source: BBC

Syriza, the left-wing party that stormed to power in Greece with 36% of the vote, has promised to ditch austerity and renegotiate the country's €240bn (£180bn; $270bn) bailout with the European Union and International Monetary Fund. But what ...

Earnings trigger Wall St selloff, data weighs further

Jan 28, 2015 at 00:15 | Source: FirstPost

NEW YORK (Reuters) - U.S. stocks tumbled on Tuesday, with Microsoft and Caterpillar shares down sharply after quarterly results, while an unexpected decline in durable goods orders also weighed on sentiment.Energy shares on the S&P 500 were looki...

Markets are not panicking over Greece exiting the Eurozone. Here's why

Jan 27, 2015 at 13:24 | Source: FirstPost

In his wonderful book How to Speak Money John Lanchester defines Grexit as the hypothetical exit of Greece from the Eurozone. Eurozone is a term used referring to countries which use euro as their currency.As things stand as of now the chances of Gre...

Greece debt repayment in full is 'unrealistic', says Syriza

Jan 27, 2015 at 11:22 | Source: BBC

It is unrealistic to expect Greece to repay its huge debt in full, the chief economics spokesman for the victorious Syriza party has told the BBC. Nobody believes that the Greek debt is sustainable, Euclid Tsakalotos said. The far-left Syriza, which ...

Asia shares rise, euro steadies as Fed meets

Jan 27, 2015 at 06:45 | Source: FirstPost

SYDNEY (Reuters) - Asian shares moved higher on Tuesday and the euro clung to rare gains, relieved that European markets had weathered Greece's election outcome without much disruption.Bad weather in the United States curbed activity on Wall Street i...

Greece: Germany warns over debt commitments

Jan 27, 2015 at 06:02 | Source: BBC

Germany has warned the new Greek government that it must live up to its commitments to its creditors. German government spokesman Steffan Seibert said it was important for Greece to take measures so that the economic recovery continues . His comments...

Greece anti-bailout leader Tsipras made prime minister

Jan 27, 2015 at 06:02 | Source: BBC

The head of Greece's far-left Syriza party, Alexis Tsipras, has been sworn in as prime minister and is set to lead an anti-austerity coalition government. Turning up for the ceremony without a tie, the leftist took the oath less than 24 hours af...

Euro bounces back, global stocks up after Greek vote

Jan 27, 2015 at 04:45 | Source: FirstPost

NEW YORK (Reuters) - The euro rebounded from two days of sharp losses on Monday even after an anti-bailout party was victorious in Greek elections, while global stock indexes edged up on confidence in the European Central Bank's new money-printing pr...

Wall Street rises after Greek elections; energy climbs

Jan 27, 2015 at 03:30 | Source: FirstPost

NEW YORK (Reuters) - U.S. stocks edged higher on Monday as investors brushed off fears a leftist victory in Greece would bring fresh crisis to the Eurozone and energy stocks advanced.The leftist, anti-bailout Syriza party won decisively in Greek parl...

Gold price dips as equities recover following Greek vote

Jan 27, 2015 at 02:33 | Source: FirstPost

NEW YORK/LONDON (Reuters) - Gold fell more than 1 percent on Monday as traders cashed in gains that took the metal to five-month highs last week, with the wider markets shrugging off news that an anti-austerity party had won elections in Greece.Greek...

Gold slips as equities recover after Greek vote

Jan 27, 2015 at 01:45 | Source: FirstPost

LONDON (Reuters) - Gold fell 1 percent on Monday as traders cashed in gains that took the metal to five-month highs last week, with the wider markets shrugging off news that an anti-austerity party won elections in Greece.Greek leftist leader Alexis ...

Wall Street flat after Greek leftists' victory; energy stocks up

Jan 27, 2015 at 01:30 | Source: FirstPost

NEW YORK (Reuters) - U.S. stocks were little changed on Monday as fears that a leftist victory in Greece would bring fresh crisis to the Eurozone were offset by a slight recovery in energy stocks.The leftist, anti-bailout Syriza party won decisively ...

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