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.

Watch: China's stock market falls, EU pressure on Russia

Last Updated: Wednesday, August 19, 2015, 18:27

China's stock drop sharply on Wednesday amidst continuing worries for their economic growth. Over the last 13 months, nearly 1 trillion dollar is said to have flowed out of the country.

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.

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.

Greek lawmakers back 3rd bailout after all-night debate

Last Updated: Friday, August 14, 2015, 15:43

Greek lawmakers approved their country's draft third bailout in a parliamentary vote on Friday that relied on opposition party support and saw the government coalition suffer significant dissent.

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.

Greece and creditors `close` to deal on third bailout

Last Updated: Monday, August 10, 2015, 09:07

Greece and its creditors continued marathon talks into Sunday night with both sides indicating that the terms of a third bailout were close to being finalised.

Drug ban not trade related, hopeful of solution: EU

Last Updated: Friday, August 7, 2015, 21:37

The EU Friday defended the banning of around 700 generic drugs tested by India's GVK Biosciences, asserting it was based on "scientific and not trade considerations" and voiced hope that a solution will be found after India deferred FTA talks with the bloc over the issue.

Asian stocks mixed on patchy US economic data

Last Updated: Thursday, August 6, 2015, 12:50

Tokyo rose 0.24 percent to finish up 50.38 points at 20,664.64, while Seoul lost 0.81 percent, or 16.47 points, on losses from technology firms and mobile carriers to end the day at 2,013.29.

Asian stocks mixed on patchy US economic data

Last Updated: Thursday, August 6, 2015, 12:50

Tokyo rose 0.24 percent to finish up 50.38 points at 20,664.64, while Seoul lost 0.81 percent, or 16.47 points, on losses from technology firms and mobile carriers to end the day at 2,013.29.

ECB leaves stopgap funding for Greek banks unchanged

Last Updated: Wednesday, August 5, 2015, 21:59

The European Central Bank decided Wednesday to leave its emergency credit lifeline for Greece unchanged for the next two weeks, said a source close to the matter who asked not to be identified.