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  • Greek national flag flutters atop Lycabetus hill in Athens
    Forty per cent chance Greece exits the euro zone: traders Reuters - 14 hours ago

    There is a 40 percent chance Greece will leave the euro zone, according to a Reuters poll of money market traders in which just over half said the country could stay in the bloc even if it defaults on …

    Greek national flag flutters atop Lycabetus hill in Athens

    There is a 40 percent chance Greece will leave the euro zone, according to a Reuters poll of money market traders in which just over half said the country could stay in the bloc even if it defaults on its debt payments. Athens is struggling to pay its civil workers and needs new aid from its creditors to avoid defaulting …

  • Fitch downgrades Japan, joins Moody's in warning on fiscal policy Reuters - 17 hours ago

    By Stanley White TOKYO (Reuters) - Fitch Ratings downgraded Japan's credit rating by one notch after the government failed to take steps in this fiscal year's budget to offset a delay in a sales tax increase, …

    Japan's national flag is seen behind a traffic signal of a red man at the Bank of Japan headquarters in Tokyo

    By Stanley White TOKYO (Reuters) - Fitch Ratings downgraded Japan's credit rating by one notch after the government failed to take steps in this fiscal year's budget to offset a delay in a sales tax increase, the agency said on Monday. Fitch cut its rating on Japan by one notch to A, which is five notches below the top …

  • If Greece falls, no one wants their prints on the murder weapon Reuters - Sun, 26 Apr, 2015 8:29 AM EDT

    The game of chicken between Greece and its international creditors is turning into a vicious blame game as Athens lurches closer to bankruptcy with no cash-for-reform agreement in sight. Europe's political …

    A European Union flag and a Greek national flag flutter atop a building in central Athens

    The game of chicken between Greece and its international creditors is turning into a vicious blame game as Athens lurches closer to bankruptcy with no cash-for-reform agreement in sight. Europe's political leaders and central bankers and Greek politicians agree on only one thing: if Greece goes down, they don't want their …

  • More central banks meet, but ability to pilot economies in doubt Reuters - Sun, 26 Apr, 2015 6:38 AM EDT

    Most central banks have been easing policy since the start of the year and are set to do more, but it still isn't clear whether that new activism, which has pushed stock markets to record highs, will help …

    A man walks past the Bank of Japan building on a rainy day in Tokyo

    Most central banks have been easing policy since the start of the year and are set to do more, but it still isn't clear whether that new activism, which has pushed stock markets to record highs, will help the global economy much. Several meet this week to set policy, including the U.S. Federal Reserve, the Bank of Japan …

  • Isolated in debt talks, Greek finance rebel gets the cold shoulder Reuters - Sat, 25 Apr, 2015 8:02 AM EDT

    By Robin Emmott and Ingrid Melander RIGA (Reuters) - As the buses carrying European finance ministers left for a gala dinner in the Latvian capital on Friday night, one of the party hung back at the hotel …

    Greek Finance Minister Varoufakis delivers a speech during a banking conference in Athens

    By Robin Emmott and Ingrid Melander RIGA (Reuters) - As the buses carrying European finance ministers left for a gala dinner in the Latvian capital on Friday night, one of the party hung back at the hotel and then wandered off alone into the dusk. Greece's Yanis Varoufakis had other dinner plans, he said, after a bruising …

  • Greece, European creditors fail to reach deal on bailout, need 'significantly more progress' The Canadian Press - Fri, 24 Apr, 2015 11:31 AM EDT

    RIGA, Latvia - Greece remains at loggerheads with its European creditors on an economic reform program required to unlock money the country will need to avoid a possible default and even an exit from the …

    Eurozone's top official says time running out for Greece to secure deal to avoid bankruptcy

    RIGA, Latvia - Greece remains at loggerheads with its European creditors on an economic reform program required to unlock money the country will need to avoid a possible default and even an exit from the ...

  • Euro zone warns Greece no cash till full reform deal Reuters - Fri, 24 Apr, 2015 10:32 AM EDT

    By Robin Emmott and Ingrid Melander RIGA (Reuters) - Euro zone finance ministers warned Greece on Friday that its leftist government will get no more aid until it agrees a complete economic reform plan, …

    Greek PM Tsipras and Finance Minister Varoufakis look on during the first round of a presidential vote at the Greek parliament in Athens

    By Robin Emmott and Ingrid Melander RIGA (Reuters) - Euro zone finance ministers warned Greece on Friday that its leftist government will get no more aid until it agrees a complete economic reform plan, as Athens lurches closer to bankruptcy. Greek Finance Minister Yanis Varoufakis faced a harsh morning in which euro …

  • Merkel - must prevent Greece running out of cash before deal Reuters - Thu, 23 Apr, 2015 6:29 PM EDT

    German Chancellor Angela Merkel said on Thursday everything must be done to prevent Greece running out of money before it reaches a cash-for-reform deal with its international creditors, amid heightened …

    German Chancellor Merkel and Greek Prime Minister Tsipras go to shake hands after addressing news conference in Berlin

    German Chancellor Angela Merkel said on Thursday everything must be done to prevent Greece running out of money before it reaches a cash-for-reform deal with its international creditors, amid heightened concern that Athens is nearing the brink. Merkel, Europe's pre-eminent leader, was speaking after a meeting she called …

  • Market liquidity drought raises alarm bells inside Fed Reuters - Thu, 23 Apr, 2015 11:30 AM EDT

    Chief among the Fed's concerns, increasingly voiced in public remarks, is that certain funds held by individuals and institutions will not have the underlying assets sufficient to back investors cashing …

    The United States Federal Reserve Board building is shown in Washington

    Chief among the Fed's concerns, increasingly voiced in public remarks, is that certain funds held by individuals and institutions will not have the underlying assets sufficient to back investors cashing out in a panic. The central bank's nightmare scenario is in surprising markets, exposing investors to the liquidity risks …

  • China's 'real' economy wants to be neither borrower nor lender Reuters - Thu, 23 Apr, 2015 5:20 AM EDT

    By Pete Sweeney SHANGHAI (Reuters) - Beijing is pushing trillions of yuan into its banking system to boost business investment and arrest slowing growth, but a combination of unwilling borrowers and selective …

    A clerk counts 100 Chinese yuan banknotes at a branch of China Merchants Bank in Hefei

    By Pete Sweeney SHANGHAI (Reuters) - Beijing is pushing trillions of yuan into its banking system to boost business investment and arrest slowing growth, but a combination of unwilling borrowers and selective lenders is blunting its efforts. As recently as Sunday the central bank cut the amount banks must keep in reserve …