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    Sovereign Default

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    • Sovereign default possible, avoid equities, says CLSA

      The global situation may be getting graver with the huge possibility of sovereign default happening. 'The US and Europe are already in a recession and there is a risk of collapse in the European banking system. Markets are worried about insolvency in the global financial system,' Russell Napier, strategist, CLSA told CNBC-TV18.

    • No let-up in pressure on Greece despite vote

      Europe kept the pressure on Greece to push forward with a painful austerity programme on Wednesday after Athens cleared the first hurdle in avoiding a sovereign default.

    • Copper surges close to USD 10,000 as investors pile in

      Copper surged to record highs on Wednesday to within a whisker of the key USD 10,000 level as investors scrambled to buy on worries of supply shortages and market deficits.

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