News about economy

Greece calls emergency financial council meeting The 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.

29 June 2015

Greek PM calls referendum on bailout for July 5 Greece will hold a referendum on July 5 on the outcome of negotiations with its international creditors taking place in Brussels.

27 June 2015

Rousseff puts spy scandal behind her with US visit Brazilian President Dilma Rousseff arrives in the United States for a long-delayed visit, looking to shore up economic ties.

27 June 2015

IMF boss Lagarde says ready to 'consider' 2nd term Christine 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: Varoufakis Crisis-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 deal Iran'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 PM French 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.

24 June 2015

IMF to join meeting between Ukraine, creditors next week The IMF said that it would take part in a meeting between Ukraine and its private bondholders next week, amid rising pressure on creditors to reduce the debt.

23 June 2015

Italian Nutella maker to buy British rival Thorntons The board of British chocolate maker Thorntons said it had agreed a takeover deal by Italian rival Ferrero that values the firm at about £111.9 million.

23 June 2015

New Eurogroup meeting on Greece Wednesday: EU's Tusk Eurozone finance ministers will meet again in a bid to reach a final bailout deal for Greece ahead of an EU leaders' summit the following day.

23 June 2015

EU prolongs Russian economic sanctions for six months: official EU foreign ministers formally agreed to prolong to January 2016 damaging economic sanctions against Russia to ensure it fully implements Ukraine peace accords.

22 June 2015

Athens says Europe 'doesn't need IMF' on eve of crunch summit Greece does not want any more help from the IMF, minister of state Nikos Pappas said on the eve of a summit.

22 June 2015

Amid deadlock on Greece, IMF releases funds to Cyprus The International Monetary Fund, deadlocked with Greece over further financial aid, approved a new loan installment for Cyprus.

20 June 2015

Russia warns of retaliation for Yukos overseas asset freeze Moscow warned that state-linked foreign firms in Russia could be targeted for retaliation to the freezing of Russian official assets in Western Europe over legal claims from former Yukos shareholders.

20 June 2015

Juncker says 'I don't understand Tsipras': report European Commission chief Jean-Claude Juncker voiced frustration with Greek Prime Minister Alexis Tsipras in a media report amid the deepening debt crisis.

20 June 2015

Grexit 'beginning of the end of the eurozone': Greek PM A Greek exit from the eurozone would be the beginning of the end of the single currency, Greek Prime Minister Alexis Tsipras was quoted.

19 June 2015

IMF's Lagarde says Greece talks need 'adults in the room' IMF chief Christine Lagarde warned that a resolution to five months of tortuous debt talks with Greece required "adults in the room" in an apparent sideswipe at Greek officials.

19 June 2015

Russia tries to shrug off crisis as West snubs investment forum Russian officials tried to play down fears about the country's economic crisis as tensions with the West over Ukraine cast a pall over its showcase investment forum.

19 June 2015

Russia to prolong embargo if EU extends sanctions: minister Moscow will extend its embargo on European Union agricultural products but is unlikely to go further if the EU extends sanctions as expected.

18 June 2015

Greece's Tsipras calls Juncker, first time since last week: official Greek Prime Minister Alexis Tsipras called European Commission chief Jean-Claude Juncker, their first contact on the stand-off over a bailout deal since last week.

18 June 2015

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