Greece repays ECB as snap poll pressure rises

Last Updated: Thursday, August 20, 2015, 21:00

Greece repaid a huge slice of debt to the ECB on Thursday, effectively starting its third mammoth bailout, as deepening political rifts in Athens put pressure on Prime Minister Alexis Tsipras to call snap elections.

Eurozone approves first tranche of Greek bailout funds

Last Updated: Wednesday, August 19, 2015, 23:52

Eurozone finance ministers on Wednesday formally approved the first tranche of a new 86 billion euro ($95-billion) bailout for Greece after parliaments in member states backed the move.

Asian shares struggle as China stocks extend fall

Last Updated: Wednesday, August 19, 2015, 09:05

The Shanghai Composite Index retreated 3.9 percent, a day after worries that the central bank could be in no hurry to ease policy further pushed it down 6.1 percent.

ECB cuts funding for Greek banks as liquidity improves

Last Updated: Wednesday, August 19, 2015, 00:18

The European Central Bank cut emergency liquidity assistance (ELA) for Greek banks on Tuesday, in line with a request from Athens, several sources said, a positive sign that lenders are stabilising their operations and building cash reserves.

China strengthens yuan rate against dollar by 0.01%

Last Updated: Monday, August 17, 2015, 08:25

The daily reference rate was set at 6.3969 yuan to $1.0, slightly stronger than Friday`s 6.3975, the China Foreign Exchange Trade System said.

Greek PM faces revolt after eurozone approves huge bailout

Last Updated: Saturday, August 15, 2015, 19:15

Greek Prime Minister Alexis Tsipras was Saturday battling a major revolt amongst members of his radical-left party who oppose the third huge bailout for the crisis-hit country.

ECB worried about economic slowdown in China, minutes show

Last Updated: Thursday, August 13, 2015, 19:03

Nevertheless, the fallout from the Greek crisis and slowing growth in emerging economies such as China were still fairly limited so far, the council agreed.

China cuts yuan rate for 3rd straight day by more than 1%

Last Updated: Thursday, August 13, 2015, 11:12

China cut the reference rate for its currency for the third straight day on Thursday, authorities said, after their surprise devaluation of the yuan this week unsettled global financial markets.

Brokerages see no major trade hit on yuan fall

Last Updated: Wednesday, August 12, 2015, 17:25

Even though the rupee has been under pressure for past two trading sessions, French brokerage BNP Paribas said yuan devaluation will not have a major impact as the country's trade exposure to China is comparatively small and also due to strong balance of payments situation.

Chinese currency devaluation appears a welcome step: IMF

Last Updated: Wednesday, August 12, 2015, 12:17

China's new mechanism for determining the central parity of its currency "appears a welcome step" as it should allow market forces to have a greater role in determining the exchange rate, the IMF has said.

China devalues its currency Yuan: What will be the worldwide impact

Last Updated: Wednesday, August 12, 2015, 09:40

China cut the value of the yuan against the dollar for a second consecutive day.

Have centralised monitoring for audit objections: CAG to CBDT

Last Updated: Tuesday, August 11, 2015, 22:30

Government auditor CAG has suggested to the Central Board of Direct Taxes to introduce centralised monitoring mechanism to timely deal with the internal audit objections.