Golbal Economy Weekahead: Pick-up continues as Greek drama plays on
Athens delayed a key debt payment to the International Monetary Fund on Friday, branding as "absurd" the terms of a proposed aid deal from lenders.
Jun 07, 2015, 16:02 PM IST
IMF confirms delay in Greek debt payments to end of June
The International Monetary Fund (IMF) confirmed Thursday that Greece will be bundling four debt repayments due in June at the end of the month, averting the possibility of a Greek default Friday.
Jun 05, 2015, 08:58 AM IST
Asia stocks mostly down, euro holds up as Greek talks plod
Most Asian markets fell on Thursday, with Shanghai plunging more than five percent at one point and Tokyo`s early gains whittled to almost nothing but the euro held its gains after Greece and its creditors met for key debt reform talks.
Jun 04, 2015, 12:33 PM IST
Greek talks `very good`, to resume in a few days: Dutch finance minister
Crunch bailout talks between Greek Prime Minister Alexis Tsipras and European Commission chief Jean-Claude Juncker went well and further discussions will be held soon, Eurogroup chief Jeroen Dijsselbloem said Thursday.
Jun 04, 2015, 05:02 AM IST
IMF, ECB chiefs unexpectedly join Greece debt talks
The heads of the IMF and European Central Bank unexpectedly joined talks on Greece`s debt crisis Monday as the cash-strapped country battles with its creditors to unlock desperately-needed bailout funds.
Jun 02, 2015, 09:11 AM IST
Greece mixes messages on expectations for deal
With fears that a payment default could trigger a chain of events that could result in a messy exit from the euro, Greek officials have in recent days signalled they are hopeful a deal could be reached by Sunday, although its creditors are more sceptical.
May 29, 2015, 17:41 PM IST
Greece told to move `urgently` on detailed debt plan
Greece was told Saturday to urgently deliver a detailed fiscal and debt plan to official lenders as the IMF-World Bank spring meetings wound up amid escalating worries of a looming default.
Apr 19, 2015, 04:33 AM IST
US Treasury secretary urges Greece to reach debt deal
Global finance officials are urging Greece to reach a deal with its creditors and avoid a catastrophic default that would stagger a world economy still emerging from recession.
Apr 19, 2015, 02:06 AM IST
US: Greek deal failure would spur economic uncertainty
US Treasury Secretary Jacob Lew warned Friday that the European and global economies could face uncertainty if EU negotiations on more financing for Greece fail.
Apr 18, 2015, 03:23 AM IST
No cash for Greece until reforms agreed: Dombrovskis
Despite tightening liquidity, Greece is unlikely to get any money from euro zone finance ministers at an April 24 meeting because it is dragging its feet on reforms, European Commission Vice President Valdis Dombrovskis said on Friday.
Apr 18, 2015, 03:06 AM IST
Greece mixes defiance, compromise as lending deal slips away
Greece on Thursday sounded a mix of defiance and willingness to compromise with its international creditors on reforms required to unlock more loans, as it faces running out of money ahead of debt repayments next month.
Apr 17, 2015, 06:37 AM IST
Greek finance minister says cannot sign existing loan deal
Greece cannot simply sign up for an existing agreement on its debt that will not solve its economic problems, Finance Minister Yanis Varoufakis said on the sidelines of the International Monetary Fund meetings on Thursday.
Apr 17, 2015, 04:03 AM IST
IMF's Lagarde says Greece should not delay payments
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.
Apr 17, 2015, 04:02 AM IST
Greek PM, Orthodox leader mull using Church assets to ease debt
Greece`s radical left Prime Minister Alexis Tsipras announced Thursday the start of a "dialogue" with the powerful Orthodox Church on using clerical assets to boost the struggling state coffers.
Apr 17, 2015, 03:47 AM IST
Varoufakis says Greece committed to eurozone
Greek Finance Minister Yanis Varoufakis said Thursday that his country is determined to remain in the eurozone, as concerns swirl over a possible debt default and departure from the bloc.
Apr 17, 2015, 02:54 AM IST
Greece moves to quell default fears, pledges to meet "all obligations"
Greek Finance Minister Yanis Varoufakis said on Sunday that Greece "intends to meet all obligations to all its creditors, ad infinitum," seeking to quell default fears ahead of a big loan payment Athens owes the IMF later this week.
Apr 06, 2015, 09:14 AM IST
Greek debt forgiveness plan takes in 147 mn euros
Cash-strapped Greece has garnered a little over 147 million euros ($158 million) via a debt forgiveness scheme designed to bolster the state`s near-empty coffers, officials said on Wednesday.
Apr 01, 2015, 17:57 PM IST
Euro falls on jitters over Greece debt deal
In Tokyo, the single currency slipped to $1.0790 and 129.69 yen, from $1.0825 and 130.10 yen in New York, while the dollar was at 120.17 yen against 120.18 yen.
Mar 31, 2015, 11:46 AM IST
EU warns Greek reform list `not there yet`
The EU warned Monday that Greece and its creditors had yet to hammer out a new list of reforms despite talks lasting all weekend aimed at staving off bankruptcy and a euro exit.
Mar 30, 2015, 21:52 PM IST
Gold rebounds on seasonal buying, global support
Gold prices staged a modest rebound from its multi-month low level at the domestic bullion market here following renewed offtake by stockists as well as good festival and wedding-related demand.
Feb 21, 2015, 16:31 PM IST