5 July, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: In rebuke to Europe, Greeks vote resounding ‘no’ to bailout terms
The Wall Street Journal: In rebuke to Europe, Greeks vote resounding ‘no’ to bailout terms
Greeks overwhelmingly vote against their international creditors’ conditions for further bailout aid, in a result that may deepen the rift between Greece and the rest of Europe and push the country closer to bankruptcy and an exit from the euro.
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5 July, 2015 by The TZ Newswire Staff Comments Off on 3 Stocks That Could Make Huge Moves This Week
3 Stocks That Could Make Huge Moves This Week
Two factors will converge for these stocks this week, potentially sending share prices on a wild ride.
5 July, 2015 by The TZ Newswire Staff Comments Off on Euro slips, bonds rally on Greek upset
Euro slips, bonds rally on Greek upset
The euro fell sharply in Asia on Monday after polls suggested the Greeks had overwhelmingly rejected austerity measures demanded in return for bailout money, putting in doubt its continued place in the single currency. In a typical “risk-off” reaction top-rated sovereign bonds were well bid while U.S. equity futures dropped around 1.4 percent (ESc1). While the price action was choppy, dealers emphasized that markets were orderly with no signs of financial strain and expectations were high that the European Central Bank would step in early with a pledge of extra liquidity.
5 July, 2015 by The TZ Newswire Staff Comments Off on Oil prices tumble after Greek no vote to bailout, China stock market turmoil
Oil prices tumble after Greek no vote to bailout, China stock market turmoil
TOKYO/SINGAPORE (Reuters) – Oil prices fell sharply in early trading on Monday after Greece rejected austerity measures demanded in return for bailout money and as China rolled out an unprecedented series of steps over the weekend to prevent a full-blown stock market crash. In China, stock markets face a make-or-break week after officials rolled out a series of measures to prevent a full-blown stock market crash that would threaten the world’s second-largest economy. It adds an extra negative factor on top of the turmoil in Chinese financial markets, the recent rise in U.S.
5 July, 2015 by The TZ Newswire Staff Comments Off on Japan policymakers pledge to temper potential market volatility after Greek upset
Japan policymakers pledge to temper potential market volatility after Greek upset
Japanese policymakers on Monday pledged to work closely to guard against financial market volatility after Greek voters rejected euro zone austerity measures. “The direct economic and financial relations between Japan and Greece are limited. Finance Minister Taro Aso also said that while Japan was in close contact with overseas policymakers on the Greek referendum, it was confident that Europeans have sufficient safeguards in place to respond to market disruptions.
5 July, 2015 by The TZ Newswire Staff Comments Off on Britain’s banks call on government to phase out industry levy
Britain’s banks call on government to phase out industry levy
Britain’s banks have called upon the government to phase out the bank levy, saying it is damaging the competitiveness of the industry and causing them to lose business to overseas rivals. The levy was initially introduced in 2011 not only to raise money but also to discourage banks from risky borrowing, replacing a previous one-off tax on bankers’ bonuses by the Labour government following the 2007-9 financial crisis.
5 July, 2015 by The TZ Newswire Staff Comments Off on Europe on a ‘collision’ course after Greek vote
Europe on a ‘collision’ course after Greek vote
Greece is running “short of time” and cash, one analyst told CNBC.