The hosts' monetary and fiscal policy trajectory appears obvious: the Bank of Japan is coming under increasing pressure to counter a damaging rise in the value of the yen that could derail a fragile recovery for the world's third-largest economy.
Europe is facing its largest refugee crisis since World War II, and policymakers are struggling to cope with it. Divided opinion on how to handle the influx of migrants — averaging 8,000 a day — has slowed decisionmaking.
Overall, markets are expected to remain volatile. The Nifty has managed to hold on to the 8,350 mark so far. If the outcome in Greece is positive, we could see Nifty touch 8,500 yet again. On the other hand, if the Nifty breaks 8,250, we could see a fall to 8,000 levels again soon.
The new Greek government has held four months of talks with the EU and International Monetary Fund to try to reach a deal that could release up to 7.2 billion euros (USD 8.1 billion) in aid, but talks have stumbled over pension, labour reform, fiscal targets and hikes in value-added tax.
Spot gold was little changed at USD 1,184.01 an ounce by 0042 GMT, after losing 0.3 percent on Monday.
World oil prices dropped today as traders worried over the Greek debt crisis, weak global economic outlook and a looming "fiscal cliff" in the United States -- which is the world's biggest oil consumer.
Eurobonds may be hailed by some as a potential solution to the Greek debt crisis, but likely would be met by skepticism in the open market.
Considering the fact that the rupee has done another 'falling knife' act - depreciating to a new low at 56 to the dollar, what's surprising is it hasn't dragged our market down under as well. Read on for more...
Greece's private creditors pleaded on Tuesday with European officials who rejected their bond swap offer to hammer together a deal before Athens tumbles into a chaotic default.
Move back today has been led by global factors, says CNBC-TV18’s managing editor Udayan Mukherjee.
US President Barack Obama held a video conference on Thursday with his counterparts from Germany, France and Britain to discuss the euro zone debt crisis and events in Libya, the White House said.
John Studzinski, global head and senior managing director of Blackstone Advisory, in an interview to CNBC-TV18's Menaka Doshi, gave his views on how the global market will perform going forward.
Long-term investors standing aloof from the Greek debt crisis want holders of its government bonds to take a loss big enough to slash the country's debt to sustainable levels before they consider returning.
French banks, among the most exposed to the Greek debt crisis, have reached an outline agreement to roll over holdings of maturing Greek bonds as part of a wider European plan to avoid sovereign default.
French banks, among the most exposed to the Greek debt crisis, have reached an outline agreement to roll over holdings of maturing Greek bonds, part of a wider European plan to avoid sovereign default.
James Chirnside, managing director of Research & Investments at Asia Pacific Asset Management, told CNBC-TV18 that the temporary dark cloud has not yet been lifted off Greece.
Oil prices fell on Friday, heading for their biggest weekly decline in six weeks as a dimmer economic outlook and the European debt crisis knocked US crude prices to their lowest in four months, testing a key support level.
Russell Napier, Strategist, CLSA agrees with India's apex bank, the RBI, that their rate hike of 25 bps was a step in the right direction. However, he suggests that the right time to buy into Indian equities is once the rate tightening cycle ends.
Gold cut losses to trade steady on Friday as the dollar weakened and the Greek debt crisis raised risk aversion, which could still spur safe haven buying.
US stocks jumped at the open on Friday after French President Nicolas Sarkozy hinted at a deal to resolve the Greek debt crisis that has hampered equities and worried investors over a possible credit dry-up.
Brent crude was steady near USD 114 on Friday as investors assessed the impact of the Greek debt crisis on risk aversion, which has taken almost 4% off prices this week in the biggest drop since early May.
Wall Street stocks rose and the euro steadied against the dollar on Thursday as investors tip-toed back into investments that had been beaten down recently by worries about the Greek debt crisis.
Growing fears of economic spillover from the Greek debt crisis could force IMF member countries to backstop Athens with funds to give Europe time to nail down a deal to keep the eurozone country afloat.
Evidence that China may avoid a hard landing for its high-flying economy lifted riskier assets such as stocks on Tuesday although investors remained on edge about the deepening Greek debt crisis.
The dollar hovered near a two-week low against a basket of currencies on Monday and stocks were pinned in tight trading ranges as weak data and the escalating Greek debt crisis kept market players on the sidelines.