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US stocks seen higher on Greek agreement

July 13th, 2015 (0)
U.S. stock markets were tipped to open higher on Monday following news that Greece and its international creditors have reached a bailout agreement. European Council President Donald Tusk said early on Monday that euro zone leaders reached an unanimous ...

Agreement on Greece reached: EU

July 13th, 2015 (0)
Euro zone clinches deal with Greece after all-night haggle Euro zone leaders clinched a deal with Greece on Monday to negotiate a third bailout to keep the near-bankrupt country in the euro zone after a whole night of haggling ...

This league table of Greek debt explains why Merkel will show Greece no mercy

July 13th, 2015 (0)
It’s no secret that the biggest holder of Greek debt — which Greece is refusing to pay — is Germany. But when you see how much exposure Germany has to Greek debt, you quickly realize just how motivated German ...

Oil prices tumble as Iran deal nears

July 13th, 2015 (0)
Oil prices dropped Monday as Iran and global powers appeared close to a historic deal that would loosen sanctions in exchange for curbs on Tehran’s nuclear program. Sanctions have long reined in Iran’s oil production and exports, and the ...

Spanish, French Stocks Lead Europe Rally as Greece Submits Plan

July 10th, 2015 (0)
European stocks climbed, poised for a weekly gain, after Greece offered to meet most of creditors’ demands in exchange for a new bailout. The Stoxx Europe 600 Index rose 1.5 percent to 386.91 at 10:04 a.m. in London. Benchmark ...

Post Referendum, Greece Will Not Leave The Eurozone

July 9th, 2015 (2)
Summary Even after the large victory of the “No” at the referendum, Greece will not leave the Eurozone. This is certainly the reason why financial markets kept a relatively cool head in the turmoil of this Monday. Let’s dig ...

Greek debt crisis: Where do other eurozone countries stand?

July 9th, 2015 (0)
Eurozone leaders are back in Brussels to discuss how to deal with the growing debt crisis in Greece. Greek voters overwhelmingly rejected the terms of an international bailout on Sunday. Although some countries are keen to strike a compromise, ...

Rift Emerges as Europe Gears Up for New Talks on Greece Bailout

July 7th, 2015 (0)
Germany continued to maintain a hard line with Athens on Monday, just a day after Greek voters decisively rejected a bailout deal from its creditors. But some European countries showed a willingness to soften the push for austerity that ...

Greek meltdown has UAE tour operators scrambling for holiday alternatives

July 2nd, 2015 (0)
As the Greek debt crisis drags on, scaring away potential visitors, tour operators in the UAE are looking at alternative destinations for the summer. The Mediterranean nation is technically in arrears after having missed its €1.6 billion (Dh6.52bn) payment ...

Amazon to offer loans to sellers in China, 7 other countries

June 30th, 2015 (0)
Amazon.com Inc will launch its business loan program for small sellers later this year in eight more countries including China, where credit is becoming a key factor in competing for new vendors and grabbing market share. Until now, the e-retailer ...
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