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  • Greek flag flutters in the wind above tourists visiting the archaeological site of the Acropolis hill in Athens, Greece
    Greece may seek up to 24 billion euros in first new aid tranche: paper Reuters - Sat, 1 Aug, 2015 1:24 PM EDT

    Greece may seek 24 billion euros in a first tranche of bailout aid from international lenders in August to prop up its banks and repay debts falling due at the ECB, a pro-government Greek newspaper said …

    Greek flag flutters in the wind above tourists visiting the archaeological site of the Acropolis hill in Athens, Greece

    Greece may seek 24 billion euros in a first tranche of bailout aid from international lenders in August to prop up its banks and repay debts falling due at the ECB, a pro-government Greek newspaper said in its early Sunday editions. Athens is now in talks with the European Commission and the International Monetary Fund …

  • Pacific Rim free trade talks fall short of deal Reuters - Sat, 1 Aug, 2015 2:54 AM EDT

    Pacific Rim trade ministers failed to clinch a deal on Friday to free up trade between a dozen nations after a dispute flared up over auto trade between Japan and North America, New Zealand dug in over …

    Japanese Economy Minister Akira Amari and US Trade Rep. Michael Fromam participate in a press conference in Lahaina, Maui, Hawaii

    Pacific Rim trade ministers failed to clinch a deal on Friday to free up trade between a dozen nations after a dispute flared up over auto trade between Japan and North America, New Zealand dug in over dairy trade and no agreement was reached on monopoly periods for next-generation drugs. Trade ministers from the 12 nations …

  • TSX rally pushes on with aid of banks, miners Reuters - Fri, 31 Jul, 2015 4:47 PM EDT

    By Alastair Sharp TORONTO (Reuters) - Canada's main stock index notched its fourth straight day of gains on Friday, with the heavily weighted financials and materials sectors leading the way as investors …

    A man walks past an old Toronto Stock Exchange sign in Toronto

    By Alastair Sharp TORONTO (Reuters) - Canada's main stock index notched its fourth straight day of gains on Friday, with the heavily weighted financials and materials sectors leading the way as investors sought value after a bleak couple of months. The index had slipped below 14,000 for the first time since mid-January …

  • India plans to give $11 billion lifeline to ailing state banks Reuters - Fri, 31 Jul, 2015 8:52 AM EDT

    Planning to inject $11 billion of capital into debt-laden state banks over the next four years, Finance Minister Arun Jaitley on Friday sought parliament's approval to boost budget spending by $4 billion …

    An employee poses with the bundles of Indian rupee notes inside a bank in Agartala

    Planning to inject $11 billion of capital into debt-laden state banks over the next four years, Finance Minister Arun Jaitley on Friday sought parliament's approval to boost budget spending by $4 billion in the current fiscal year. High levels of non-performing assets in state-run banks have made it hard for the government …

  • Oil falls after OPEC comments imply no supply cut Reuters - Fri, 31 Jul, 2015 7:20 AM EDT

    Oil prices fell on Friday as concern over global oversupply intensified after the head of oil producers' cartel OPEC indicated there would be no cuts in production despite a huge global oversupply.

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

    Oil prices fell on Friday as concern over global oversupply intensified after the head of oil producers' cartel OPEC indicated there would be no cuts in production despite a huge global oversupply.

  • Russian central bank cuts key rate by 50 bps, warns on cooling economy Reuters - Fri, 31 Jul, 2015 7:16 AM EDT

    Russia's central bank cut its key interest rate by 50 basis points to 11 percent on Friday as expected, saying risks of the economy cooling now outweighed inflation risks. The 50 basis point cut means …

    A pharmacist receives a Russian 1000-rouble banknote from a customer buying medicine at a drugstore in the Siberian town of Divnogorsk near Krasnoyarsk

    Russia's central bank cut its key interest rate by 50 basis points to 11 percent on Friday as expected, saying risks of the economy cooling now outweighed inflation risks. The 50 basis point cut means the central bank has now cut its one-week minimum auction repo rate by a cumulative 6 percentage points in 2015 (RUCBIR=ECI). …

  • Commodities, China stocks lick wounds after brutal July Reuters - Fri, 31 Jul, 2015 5:08 AM EDT

    Commodities and China investors waved a relieved goodbye to July on Friday following a brutal sell-off that has revived fears about the global economy and overshadowed more encouraging news from the U.S. …

    Woman holding a parasol walks past a stock quotation board outside a brokerage in Tokyo

    Commodities and China investors waved a relieved goodbye to July on Friday following a brutal sell-off that has revived fears about the global economy and overshadowed more encouraging news from the U.S. and Europe.

  • Tokyo Electric execs to be charged over Fukushima nuclear disaster Reuters - Fri, 31 Jul, 2015 5:07 AM EDT

    By Kentaro Hamada and Osamu Tsukimori TOKYO (Reuters) - A Japanese civilian judiciary panel on Friday forced prosecutors to indict three former Tokyo Electric Power (Tepco) executives for failing to take …

    General view of TEPCO's tsunami-crippled Fukushima Daiichi nuclear power plant in Fukushima prefecture

    By Kentaro Hamada and Osamu Tsukimori TOKYO (Reuters) - A Japanese civilian judiciary panel on Friday forced prosecutors to indict three former Tokyo Electric Power (Tepco) executives for failing to take measures to prevent the 2011 Fukushima nuclear disaster. The decision is unlikely to lead to a conviction of the former …

  • Uber to invest $1 billion in India to expand services Reuters - Fri, 31 Jul, 2015 4:33 AM EDT

    Uber Technologies Inc will invest $1 billion in India in the next nine months, as the online taxi-hailing company looks to expand its services in its biggest market outside the United States. Uber said …

    Employee works inside the office of U.S. online cab-hailing company Uber on the outskirts of New Delhi

    Uber Technologies Inc will invest $1 billion in India in the next nine months, as the online taxi-hailing company looks to expand its services in its biggest market outside the United States. Uber said it would use the additional investment to improve operations, expand beyond the 18 Indian cities where it now operates, …

  • Honda profit up 20 percent as robust U.S. sales, weak yen offset quality costs Reuters - Fri, 31 Jul, 2015 3:40 AM EDT

    Honda Motor Co <7267.T> said on Friday its quarterly net profit jumped 20 percent, beating estimates, as strong sales in the United States and a weak yen helped it absorb the impact of higher quality-related …

    A reflection of a man sitting in front of a monitor displaying the logo of Honda Motor Co is seen in a side mirror of its car displayed inside a showroom at the company's headquarters in Tokyo

    Honda Motor Co <7267.T> said on Friday its quarterly net profit jumped 20 percent, beating estimates, as strong sales in the United States and a weak yen helped it absorb the impact of higher quality-related costs.