News about economy

Greek 'No' wins referendum with over 61% of votes: near-complete results More than 61 percent of Greek voters rejected fresh austerity demands by the country's EU-IMF creditors in a historic referendum.

06 July 2015

Moscow sees Greece 'closer to euro exit' after bailout referendum Greece has moved a step closer towards a eurozone exit as early results from a crucial bailout referendum suggested Greeks had overwhelmingly rejected creditors' demands for more austerity.

06 July 2015

Greece would need new currency if votes 'No': Schulz Greece will have to introduce another currency if it votes 'No' in Sunday's referendum on its potential bailout terms, European Parliament president Martin Schulz said.

06 July 2015

Tusk urges EU to avoid 'dramatic messages' on Greece vote EU president Donald Tusk urged the bloc to avoid sending any "dramatic messages" even if the Greeks were to vote against bailout conditions in their weekend referendum.

04 July 2015

Greek banks say have sufficient liquidity until Tuesday Greek banks have enough liquidity up to their reopening as expected early next week after the country's bailout referendum at the weekend.

04 July 2015

Malaysian PM dismisses funds report as 'political sabotage' Malaysia's premier Najib Razak on Friday dismissed as "political sabotage" a report that a probe into a state-owned investment fund had found hundreds of millions of dollars were transferred to his personal bank accounts.

03 July 2015

Greece won't leave eurozone, says Italian PM Greece will not exit the eurozone regardless of the outcome of the country's referendum this weekend, Italian Prime Minister Matteo Renzi said.

03 July 2015

IMF: Greece needs 36 bn euros more from EU Greece needs 50 billion euros over the next three years, including 36 billion euros more from EU lenders, to stabilize its finances even under existing creditor plans.

03 July 2015

Defiant Greek PM vows referendum will go ahead Greek Prime Minister Alexis Tsipras vowed to press ahead with a controversial bailout referendum as European leaders ruled out any fresh debt offer before Sunday's vote.

02 July 2015

Greece: IMF says payment delays no help to nations in crisis The International Monetary Fund said that allowing a borrower to delay repayment, as Greece has requested, is generally ineffective in helping a country overcome crisis.

02 July 2015

Ukraine suspends Russian gas purchases in new price row Ukraine announced the immediate suspension of all Russian gas purchases after EU-mediated negotiations aimed at keeping supplies running for at least three more months broke down.

01 July 2015

Eurozone refuses Greek bailout extension, more talks Wednesday Eurozone finance ministers declined to extend Greece's bailout Tuesday hours before its expiry and a possible IMF default.

01 July 2015

EU to help 'frontline' Hungary cope with migrant wave: official The European Commission has pledged to send financial aid and experts to Hungary to help it cope with a surge in illegal immigration this year.

01 July 2015

Merkel says won't discuss new Greek request before referendum Chancellor Angela Merkel said that Germany won't enter into new aid negotiations with Athens before Greece's weekend referendum.

01 July 2015

Greek default poses new challenge to IMF credibility Nobody 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 talks Irish 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.

30 June 2015

Moscow hopes Brussels will avoid 'negative scenarios' over Greece: Lavrov Russian Foreign Minister Sergei Lavrov expressed the hope that Brussels would avoid "negative scenarios" over Greece amid fears that the country is heading for a eurozone exit.

30 June 2015

Brazil's Petrobras slashes multi-year investment plan Brazil'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 simmers It 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.

29 June 2015

Italy does not fear Greek contagion: finance minister Italy's finance minister played down the threat of Italy being hit by the fallout from market instability linked to the Greek crisis.

29 June 2015

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