Tuesday 28 July 2015
 
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debt

Euro zone gives Greece until Sunday for debt deal

Euro zone members have given Greece until the end of the week to come up with a proposal for sweeping reforms in return for loans that will keep the country from crashing out of Europe's currency bloc and into economic ruin. &

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Egypt debt to foreign oil companies hits $3.5bn

Egypt's debts to foreign oil companies stood at $3.5 billion dollars at the end of June, a 6.1 percent increase from March, an official at state-owned Egyptian General Petroleum Corporation (EGPC) said on Sunday. The country&#

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Egypt debt to foreign oil companies hits $3.5bn

Egypt's debts to foreign oil companies stood at $3.5 billion dollars at the end of June, a 6.1 percent increase from March, an official at state-owned Egyptian General Petroleum Corporation (EGPC) said on Sunday. The country&#

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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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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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Al Jaber seeks new terms for $4.5bn restructured debt

Abu Dhabi-based conglomerate Al Jaber Group is talking with banks to refinance around $4.5 billion of debt it restructured last year to improve terms imposed by creditors, three sources aware of the matter told Reuters. It is the

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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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Malaysia fund's $4.5bn rescue may weigh on IPIC

The $4.5 billion rescue of a struggling Malaysian state fund is good news for the government in Kuala Lumpur but will load Abu Dhabi's International Petroleum Investment Co (IPIC) with extra debt that may worry investors in its bonds.

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Malaysia fund's $4.5bn rescue may weigh on IPIC

The $4.5 billion rescue of a struggling Malaysian state fund is good news for the government in Kuala Lumpur but will load Abu Dhabi's International Petroleum Investment Co (IPIC) with extra debt that may worry investors in its bonds.

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Oil prices steady, all eyes on Greece

Oil prices were little changed in thin trade on Friday, with investors focusing on talks aimed at averting a Greek debt default. Brent crude for August delivery was up 19 cents at $63.39 a barrel by 0334 GMT after ending the previ

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