Monday 6 July 2015
 
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Greece

Greeks defy Europe with overwhelming referendum

Greeks overwhelmingly rejected conditions of a rescue package from creditors on Sunday, throwing the future of the country's euro zone membership into further doubt and deepening a standoff with lenders. As the euro slid more

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UK private-sector growth falls to six-month low

Growth in Britain's private sector eased to its lowest level since the end of last year during the three months to June, although optimism among companies surged, according to the Confederation of British Industry. The CBI sai

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Greece votes in high-stakes referendum

Greece voted on Sunday on whether to accept more austerity in exchange for international aid, in a high-stakes referendum likely to determine whether it leaves the euro-currency area after seven years of economic pain. Staged agai

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Europe won't let Athens go under, says Greek minister

Greece's finance minister accused creditors of trying to "terrorise" Greeks into accepting austerity, warning Europe stood to lose as much as Athens if the country is forced out of the euro after a referendum on Sunday on bailout t

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Greeks deeply divided heading into crucial vote

Tens of thousands of Greeks took to the streets on Friday in rival rallies that laid bare the deep divide heading into a referendum that may decide the country's future in Europe's single currency. Prime Minister Alexis Ts

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IMF warns Greece needs debt extension

The International Monetary Fund has warned that Greece would need an extension of its European Union loans and a potentially a large debt write-off if it grows more slowly than expected and economic reforms are not implemented. Th

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Greece defaults on IMF loan

Greece's last-minute overtures to international creditors for financial aid on Tuesday were not enough to save the country from becoming the first developed economy to default on a loan with the International Monetary Fund. Th

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Oil holds near 3-week lows over Greece tension

Oil futures hovered below three-week lows on Tuesday after Greeks protested against austerity following a bank shutdown. The move moved investors away from riskier assets and put Brent crude on course for a second month of decline

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Stocks tumble, yields drop as Greece crisis mounts

US stocks added to a global selloff on Monday as Greece veered toward a default on its 1.6 billon euro ($1.7 billion) debt. Greece will not pay a loan installment due the International Monetary Fund on Tuesday, a Greek government

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Oil prices fall after Greek imposes capital controls

Oil prices fell in early Asian trade, with US crude dropping below $59 after Greece imposed capital controls as lenders refused to extend the country's bailout. Brent crude for August delivery was down 81 cents at $62.45 a bar

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