Stock markets are under pressure again Friday, adding to Thursday’s losses, as Greek Prime Minister Alexis Tsipras continues to talk tough with euro zone creditors despite a looming June 30th debt repayment deadline. 232 more words
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Stock markets extended Monday’s rally, with the tech-laden Nasdaq Composite Index closing at a record high Tuesday, while oil prices ended at a near two-week high. 165 more words
Stocks are in negative territory Friday afternoon, giving up some of Thursday’s gains, as the standoff between the debt-hobbled Greek government and its lenders shows no sign of ending. 180 more words
Greek Prime Minister Alexis Tsipras appears to be setting the stage for his country to leave the euro.
With a June 30th, $1.8 billion US debt repayment deadline fast approaching, Tsipras has ramped up the hostile rhetoric, accusing Greece’s creditors of attempting to “humiliate” the country by imposing pension cuts and other reforms. 154 more words
The major U.S. equity indexes are well into the red Monday, as Greece edges closer to default.
A key weekend meeting between Greece and its lenders lasted just 45 minutes and broke off with the two sides no closer to a resolution, according to various wire reports. 101 more words
Stock markets are ending a rollercoaster week on a down note, as the ‘Grexit’ soap opera grinds on with no sign of a resolution.
Just two days after stock markets spiked on signs that Germany had softened its demands for reform from the Greek government, potentially paving the way for a new debt deal, the mood has again turned negative as early hopes fade. 165 more words