The Traderszone Network

Greek PM Alexis Tsipras and skeptical European leaders negotiated past a self-imposed deadline into the early hours of Monday, with talks stuck on how Greece would guarantee austerity measures.

Following is the latest news on Greece’s debt crisis as euro zone leaders fight to the finish to keep near-bankrupt Greece in the euro zone. 2311 – Two official French sources denied a report by a senior European Union official that France could give Greece a bilateral loan to help it over an immediate funding crunch pending agreement on a third bailout for Athens. 1621 – Draft proposal from Eurogroup to leaders puts “time-out” from euro zone as possibility, lays out detailed measures Greece must take to be considered for bailout loan.

China’s securities regulator instructed brokerages on Sunday to review trades and enforce rules that require the use of real names and national identification numbers, the latest move by the government aimed at stabilising stock prices following a devastating market rout the past month. The latest warning by the China Securities Regulatory Commission (CSRC) is meant to clamp down on a trick whereby a single investor controls multiple accounts — often registered under other people’s identification numbers — to bid the price of a stock up or down.

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Iran and world powers seem to be on cusp of a nuclear deal, to be announced as soon as Monday, that would bring to an end the 12-year dispute that led to strict economic sanctions on the Persian Gulf nation. Resolving one of the remaining obstacles to a deal, a political agreement was reached Sunday to lift a United Nations arms embargo, said a senior diplomat involved in the talks. The language of a new UN Security Council resolution is still being drafted.

Euro zone leaders argued late into the night with near-bankrupt Greece at an emergency summit, demanding that Athens enact key reforms this week to restore trust before they will open talks on a financial rescue to keep it in the European currency area. Leftist Prime Minister Alexis Tsipras was told to push legislation through parliament to convince his 18 partners in the euro zone to release immediate funds to avert a state bankruptcy and start negotiations on a third bailout program estimated at up to 86 billion euros ($95.5 billion).

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The euro slipped in Asia on Monday while top-rated bonds caught a safe-haven bid as the Greek debt crisis seemed set to rumble on for yet another week while a key reading on economic growth loomed for Chinese markets. Indeed, Japan’s Nikkei (.N225) managed to bounce 0.8 percent, while MSCI’s index of Asia-Pacific shares outside Japan was just a fraction lower. Aiding the euro were rumors the European Central Bank had agreed to delay a Greek repayment of 3.5 billion euros that had been due on July 20.

China could invest up to 10 billion euros ($11.1 billion) in Europe’s new infrastructure fund, but a final decision is being held up by the complex mechanics of a deal to give Chinese technology companies a greater role in Europe, people familiar with the talks say. Premier Li Keqiang had been expected to put a figure on China’s contribution to the EU’s 315 billion euro fund at an EU-China summit on June 29, part of Beijing’s efforts to become a more advanced economy and not just the world’s factory floor. “China wants to invest between 5 to 10 billion euros initially.