World + Economy

Latest News

  • Crunch time in Greece as bailout due to expire, IMF loan due with no deal in sight
    Greece's bailout expires, country becomes 1st developed nation to default on IMF payment The Canadian Press - 4 hours ago

    It's crunch time for Greece, with the European part of its international bailout expiring Tuesday and with it any possible access to the remaining rescue loans it contains that it needs to pay its deb …

    Crunch time in Greece as bailout due to expire, IMF loan due with no deal in sight

    It's crunch time for Greece, with the European part of its international bailout expiring Tuesday and with it any possible access to the remaining rescue loans it contains that it needs to pay its debts.

  • Stocks tick up, Greece keeps trading volatile; euro off Reuters - 7 hours ago

    Asian shares rose on Tuesday after Chinese stocks broke a punishing three-day losing streak, but gains were capped by fears they could go into freefall again and as investors nervously awaited further …

    Woman stands in front of display showing market indices at Tokyo Stock Exchange in Tokyo

    Asian shares rose on Tuesday after Chinese stocks broke a punishing three-day losing streak, but gains were capped by fears they could go into freefall again and as investors nervously awaited further developments in the deepening euro zone crisis.

  • Oil bounces off three-week lows as Greek debt default looms Reuters - 8 hours ago

    Crude futures hit three-week lows on Monday as Greece shut its banks and imposed capital controls, causing widespread risk aversion, while Iran looked likely to extend nuclear negotiations with the West …

    A woman fuels her car at a petrol station in London

    Crude futures hit three-week lows on Monday as Greece shut its banks and imposed capital controls, causing widespread risk aversion, while Iran looked likely to extend nuclear negotiations with the West to export more of its oil into an oversupplied market.

  • European stocks trim losses amid hopes of last-minute Greek breakthrough The Canadian Press - 16 hours ago

    Asian stock markets bounced back Tuesday, recouping some of the previous day's sharp fall, but European indexes widened their losses as investors fretted the debt crisis in Greece could spread to other …

    European stocks trim losses amid hopes of last-minute Greek breakthrough

    Asian stock markets bounced back Tuesday, recouping some of the previous day's sharp fall, but European indexes widened their losses as investors fretted the debt crisis in Greece could spread to other countries in the region.

  • Few signs of market panic as Greece nears default Reuters - 20 hours ago

    Eurozone stocks, low-rated bonds and the euro weakened on Tuesday as Greece looked set to default on a repayment due to the International Monetary Fund and to plunge deeper into financial crisis.

    Piggybank painted in colours of Greek flag stands in front of letters spelling word 'GREECE' in this picture illustration taken in Berlin

    Eurozone stocks, low-rated bonds and the euro weakened on Tuesday as Greece looked set to default on a repayment due to the International Monetary Fund and to plunge deeper into financial crisis.

  • Euro drops on Greek worries while rallying against dollar Reuters - Mon, 29 Jun, 2015 4:21 PM EDT

    The euro recovered much of the ground it had lost overnight in volatile trading on Monday, but was still 0.8 percent down against the dollar, after Greece took a step closer to a default and potential …

    Picture illustration shows the Euro currency logo reflected in a person's eye, in central Bosnian town of Zenica

    The euro recovered much of the ground it had lost overnight in volatile trading on Monday, but was still 0.8 percent down against the dollar, after Greece took a step closer to a default and potential exit from the euro zone.

  • Gold firms as Greece fears pressure global stock markets Reuters - Mon, 29 Jun, 2015 3:00 PM EDT

    Gold jumped along with other safe-haven assets on Monday after the Greece debt crisis took a turn for the worse over the weekend, with Athens looking more likely to default and exit the euro zone.

    Gold bars are stacked at a safe deposit room of the ProAurum gold house in Munich

    Gold jumped along with other safe-haven assets on Monday after the Greece debt crisis took a turn for the worse over the weekend, with Athens looking more likely to default and exit the euro zone.

  • Greek worries push oil below $62 to three-week low Reuters - Mon, 29 Jun, 2015 9:40 AM EDT

    Oil fell more than $1 to below $62 per barrel on Monday, its lowest in three weeks, as Greece shut its banks and imposed capital controls, causing investors to flee from riskier assets and darkening the …

    An oil pump is seen in Lagunillas, Ciudad Ojeda, in the state of Zulia

    Oil fell more than $1 to below $62 per barrel on Monday, its lowest in three weeks, as Greece shut its banks and imposed capital controls, causing investors to flee from riskier assets and darkening the demand outlook.

  • Anti-austerity protests in Greece as bank shutdown bites Reuters - Mon, 29 Jun, 2015 6:51 AM EDT

    Greeks woke up to shuttered banks, closed cash machines and a climate of rumours and conspiracy theories on Monday as a breakdown in talks between Athens and its creditors plunged the country deep into …

    A bank manager explains the situation to pensioners waiting outside a branch of the National Bank of Greece hoping to get their pensions, in Thessaloniki

    Greeks woke up to shuttered banks, closed cash machines and a climate of rumours and conspiracy theories on Monday as a breakdown in talks between Athens and its creditors plunged the country deep into crisis.

  • Stock markets head for biggest fall in nearly a month on Greek woes Reuters - Mon, 29 Jun, 2015 6:30 AM EDT

    MUMBAI (Reuters) - India's stock markets fell more than 2 percent on Monday, heading for their biggest daily decline in nearly a month as Greece looked set to default on its debt repayment this week, …

    A broker monitors share prices while trading at a brokerage firm in Mumbai

    MUMBAI (Reuters) - India's stock markets fell more than 2 percent on Monday, heading for their biggest daily decline in nearly a month as Greece looked set to default on its debt repayment this week, sparking concerns about foreign selling in emerging markets. Foreign portfolio investors have already sold shares worth …