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  • IMF Managing Director Lagarde talks to Greek Finance Minister Tsakalotos during a euro zone finance ministers meeting in Brussels
    IMF's Lagarde says restructuring should suffice for Greek debt Reuters - Sat, 29 Aug, 2015 7:11 AM EDT

    A form of debt restructuring rather than outright forgiveness should enable Greece to handle its "unviable" debt burden, the head of the International Monetary Fund was quoted as telling a Swiss newspaper. …

    IMF Managing Director Lagarde talks to Greek Finance Minister Tsakalotos during a euro zone finance ministers meeting in Brussels

    A form of debt restructuring rather than outright forgiveness should enable Greece to handle its "unviable" debt burden, the head of the International Monetary Fund was quoted as telling a Swiss newspaper. The IMF has yet to make clear if it will participate in the third 86-billion-euro ($96 billion) international bailout …

  • Wall St. logs biggest two-day gain since financial crisis Reuters - Thu, 27 Aug, 2015 4:52 PM EDT

    U.S. stock index futures rose sharply on Thursday, a day after Wall Street posted its biggest one-day gain in four years.

    Trader looks at stock prices on a screen while working on the floor of the New York Stock Exchange shortly before the closing bell in New York

    U.S. stock index futures rose sharply on Thursday, a day after Wall Street posted its biggest one-day gain in four years.

  • Oil soars over 10 percent, biggest gain in six years as shorts scramble Reuters - Thu, 27 Aug, 2015 4:33 PM EDT

    Oil rocketed more than 10 percent higher on Thursday, posting its biggest one-day rally in over six years as recovering equity markets and news of diminished crude supplies set off a short-covering scramble …

    An oil well pump jack is seen at an oil field supply yard near Denver

    Oil rocketed more than 10 percent higher on Thursday, posting its biggest one-day rally in over six years as recovering equity markets and news of diminished crude supplies set off a short-covering scramble ...

  • Stocks fly after Fed official cools September rate hike talk Reuters - Thu, 27 Aug, 2015 4:30 PM EDT

    Stocks rose around the world on Thursday, following the biggest gains on Wall Street in four years, after a U.S. Federal Reserve policymaker said the case for an interest rate increase next month "seems …

    Traders are pictured at their desks in front of the DAX board at the Frankfurt stock exchange

    Stocks rose around the world on Thursday, following the biggest gains on Wall Street in four years, after a U.S. Federal Reserve policymaker said the case for an interest rate increase next month "seems less compelling" than it was a few weeks ago.

  • Ukraine reaches 'win-win' deal with creditors on $18 billion debt Reuters - Thu, 27 Aug, 2015 11:15 AM EDT

    Ukraine's finance minister said a "win-win" deal for restructuring $18 billion of debt had been agreed with a group of its largest creditors, involving a 20 percent reduction in total principal owed.

    Ukrainian Finance Minister Yaresko speaks to the media during a news conference in Kiev

    Ukraine's finance minister said a "win-win" deal for restructuring $18 billion of debt had been agreed with a group of its largest creditors, involving a 20 percent reduction in total principal owed.

  • Gold arrests three-day slide as talk of imminent Fed hike fades Reuters - Thu, 27 Aug, 2015 9:15 AM EDT

    Gold steadied on Thursday after its biggest one-day drop in five weeks, supported by speculation that a U.S. rate hike may take longer than expected but still under pressure from a rebound in stock markets …

    An employee poses for photographs with gold bars at the Korea Gold Exchange in Seoul

    Gold steadied on Thursday after its biggest one-day drop in five weeks, supported by speculation that a U.S. rate hike may take longer than expected but still under pressure from a rebound in stock markets and a firmer dollar.

  • Chinese stocks deliver biggest gain in 8 weeks as Asian stocks rise after Wall Street rebound The Canadian Press - Thu, 27 Aug, 2015 8:26 AM EDT

    China's main stock index surged 5.3 per cent Thursday, its biggest gain in eight weeks, as markets across Asia advanced in the wake of Wall Street's rebound, giving investors some relief after gut-wrenching …

    Chinese stocks deliver biggest gain in 8 weeks as Asian stocks rise after Wall Street rebound

    China's main stock index surged 5.3 per cent Thursday, its biggest gain in eight weeks, as markets across Asia advanced in the wake of Wall Street's rebound, giving investors some relief after gut-wrenching global losses.

  • Exporters run for high ground as China growth story unravels Reuters - Thu, 27 Aug, 2015 7:30 AM EDT

    The alarming scale of China's economic slowdown is pushing European exporters to accelerate a move into premium goods and services, sacrificing volumes if necessary to sustain margins.

    Chinese national flag flutters in front of a construction site in Guangzhou

    The alarming scale of China's economic slowdown is pushing European exporters to accelerate a move into premium goods and services, sacrificing volumes if necessary to sustain margins.

  • China stocks jump on U.S. rally, yuan edges up Reuters - Thu, 27 Aug, 2015 5:20 AM EDT

    China's turbulent stock markets rose sharply on Thursday, helped by a strong rebound on Wall Street on expectations that the U.S. Federal Reserve will respond to days of China-led volatility by delaying …

    A woman walks past a window brokerage house with stock information reflected in it, in Shanghai

    China's turbulent stock markets rose sharply on Thursday, helped by a strong rebound on Wall Street on expectations that the U.S. Federal Reserve will respond to days of China-led volatility by delaying an expected interest rate rise next month.

  • Wall Street chalks up biggest gain in four years Reuters - Wed, 26 Aug, 2015 5:18 PM EDT

    Led by Silicon Valley stalwarts Apple, Amazon and Google, the surge put the brakes on a six-day losing streak that saw the S&P 500 surrender 11 percent. In a sign that a faltering Chinese economy and …

    A screen displays the Dow Jones Industrial Average as a trader passes by on the floor after the closing bell at the New York Stock Exchange

    Led by Silicon Valley stalwarts Apple, Amazon and Google, the surge put the brakes on a six-day losing streak that saw the S&P 500 surrender 11 percent. In a sign that a faltering Chinese economy and slumping global financial markets could affect U.S. monetary policy, New York Fed President William Dudley said the prospect …