Greece ducks Friday deadline by bundling IMF payments

Last Updated: Friday, June 5, 2015, 10:34

"The Greek authorities have informed the (IMF) today that they plan to bundle the country`s four June payments into one, which is now due on June 30," IMF spokesman Gerry Rice said, citing rules allowing debtor countries to regroup "multiple principal payments falling due in a calendar month."

Asia stocks mostly down, euro sinks as Greece delays payment

Last Updated: Friday, June 5, 2015, 10:25

Tokyo fell 0.44 percent by lunch, Hong Kong lost 0.20 percent and Seoul gave back 0.38 percent, but Sydney was flat and Shanghai rose 1.54 percent.

Greece in last-ditch EU talks to break debt deadlock

Last Updated: Wednesday, June 3, 2015, 16:53

"It is not a take-it-or-leave-it document but an initiative to accelerate talks as the timing to get a deal in time for the end of the month is getting tight," a European source close to the negotiations told AFP.

Gold holds up on Greek crisis, but dollar strength caps gains

Last Updated: Monday, June 1, 2015, 10:13

Spot gold was steady at $1,190.25 an ounce by 0322 GMT after earlier climbing to a session peak of $1,196.35, its highest since May 26.

Merkel says still `a lot to do` for Greek debt deal

Last Updated: Friday, May 22, 2015, 13:33

The delay in reaching an agreement has led to concerns Athens is running critically short of cash and may soon end up defaulting, which could set off a messy exit from the euro.

Greece will not make IMF payment on June 5 without a deal: lawmaker

Last Updated: Wednesday, May 20, 2015, 12:45

Athens faces several payments totaling about 1.5 bn euros to the IMF next month and it is in talks with the European Union and the International Monetary in order to clinch a cash-for-reforms deal before it runs out of cash.

Euro ticks up despite Greek debt worries

Last Updated: Wednesday, May 13, 2015, 10:53

There was relief at the start of the week when it emerged Athens had managed to pay 750 million euros due to the IMF.

Greece says has honoured 200 mn euro interest repayment to IMF

Last Updated: Wednesday, May 6, 2015, 15:09

In order deal with its crippling liquidity problem, the Greek government has ordered public administrations and local authorities to transfer their reserves to the Bank of Greece awaiting a deal with creditors.

Euro struggles on lingering Greek debt fears

Last Updated: Monday, March 30, 2015, 09:39

The euro eased in Asian trade on Monday, hurt by worries over talks between Greece and its creditors as it prepares to submit proposals to reform its bailout.

Greece seeks 'happy ending' as creditors mull loan deal

Last Updated: Monday, March 30, 2015, 08:59

Greek Prime Minister Alexis Tsipras said in remarks published Sunday he hoped key talks with international creditors would yield a "happy ending" in the standoff over the country`s crippling debt crisis.

New 48-hour strike in Greece over civil service cuts

Last Updated: Tuesday, September 24, 2013, 16:45

Greek civil servants on Tuesday launched a 48-hour strike, their second work stoppage in as many weeks to protest job cuts the government is undertaking in return for international bailout funds.

Hungary aiming for 10-15 billion euro IMF-EU deal: Analysts

Last Updated: Saturday, December 10, 2011, 23:48

Hungary's government is aiming for a 10-15 billion euro package from the International Monetary Fund and the European Union to stabilize its economy, preferably with lighter terms, but would be also willing to accept a stricter deal, bank analysts said.