Greek default poses new challenge to IMF credibilityNobody in the halls of the International Monetary Fund in Washington has any illusion: Greece is going to default, delivering a new blow to the global crisis bank's credibility.
30 June 2015
Ireland says door remains open for Greece debt talksIrish Prime Minister Enda Kenny said that Greece can still return to negotiations with its international creditors to avert a default and possible exit from the euro.
Brazil's Petrobras slashes multi-year investment planBrazil's state oil giant Petrobras slashed its five-year investment plan by a whopping 77 billion dollars -- as it tries to recover from a massive corruption scandal.
30 June 2015
'Black Monday' in Greece as panic simmersIt has already been dubbed "Black Monday" -- jittery housewives, shoppers and business owners queued in vain at cash machines in Athens, where the country awoke to capital controls and shuttered banks.
Greece calls emergency financial council meetingThe Greek government said it had called an emergency gathering of its systemic stability council, as speculation mounted of capital controls being imposed and increasing signs of a bank run.
IMF boss Lagarde says ready to 'consider' 2nd termChristine Lagarde has said she is ready to consider a second term as head of the International Monetary Fund in an interview with a French magazine to be published.
25 June 2015
Greece in 'final stretch' of talks: VaroufakisCrisis-hit Greece is in the "final stretch" of negotiations with creditors and could reach agreement shortly, Finance Minister Yanis Varoufakis indicated.
24 June 2015
Iran leader restates 'red lines' for nuclear dealIran's supreme leader Ayatollah Ali Khamenei restated his country's red lines for a nuclear deal in a dramatic intervention during a meeting with President Hassan Rouhani and top officials.
24 June 2015
'Still a lot do on Greece': French PMFrench Prime Minister Manuel Valls said that there is "still a lot of work to do" if Greece and its creditors are to reach an agreement to avert a possible default.