Greek creditors seek third wave of reforms before loan| Reuters
Jul 28, 2015 at 00:30 | Source:
BRUSSELS/ATHENS International creditors want Greece to enact a third wave of politically sensitive reforms before they will release any money to keep the near bankrupt country afloat under a third bailout they began negotiating on Monday.The governme...
Debt conundrum to keep Greek banks in months-long freeze| Reuters
Jul 26, 2015 at 14:45 | Source:
FRANKFURT/ ATHENS Greek banks are set to keep broad cash controls in place for months, until fresh money arrives from Europe and with it a sweeping restructuring, officials believe.Rehabilitating the country's banks poses a difficult question. Should...
IMF confirms receiving Greek request for new loan | Reuters
Jul 25, 2015 at 22:45 | Source:
WASHINGTON The International Monetary Fund said on Friday it had received a letter from Greece seeking a loan facility."We will discuss with the Greek authorities and with our European partners the timing and the modalities for the discussions,&...
Next IMF boss likely to come from outside Europe - deputy head| Reuters
Jul 25, 2015 at 22:30 | Source:
ATHENS The next managing director of the International Monetary Fund is likely to come from outside Europe when current leader Christine Lagarde eventually leaves, the deputy head of the Washington-based fund said in an interview broadcast on Saturda...
Global economy - Second half of 2015 begins on shaky note| Reuters
Jul 25, 2015 at 03:30 | Source:
LONDON/SYDNEY The global economy started the second half of the year on shaky ground as business activity in the euro zone was weaker than expected and China's vast factory sector appeared to be contracting at the fastest pace in 15 months in July.Th...
Security worries delay start of Greece's new bailout talks| Reuters
Jul 24, 2015 at 23:45 | Source:
BRUSSELS/ATHENS Talks on tying up a new bailout deal for Greece failed to start on Friday as had been expected, with officials blaming security worries for delaying the negotiations with international creditors who are detested by many Greeks.Greek g...
Gold free fall wipes out 44% of the value of Indias gold reserves
Jul 23, 2015 at 10:59 | Source:
The nose-diving gold prices globally should worry everyone who owns the yellow metal considering it as a safe investment asset, especially when reports doing rounds that the value of gold is unlikely to recover fast. A strong US dollar and likely inc...
Leading oil producer United Arab Emirates to stop petrol subsidies
Jul 22, 2015 at 12:20 | Source:
Dubai:Leading oil producer the United Arab Emirates will scrap subsidies on petrol and diesel from August to cut spending as low crude prices hit revenues, the energy ministry said on Wednesday.Pump prices for the two fuels will now be set on the bas...
Wendy's revenge: Plagiarism charge against Rajiv Malhotra is a red herring
Jul 18, 2015 at 20:27 | Source:
There has been a lot of commotion over on social media lately about the books written by Indian American author Rajiv Malhotra, who has single-handedly stood up to forces in US academia who paint, according to him, a negative, motivated, and false pi...