Eurozone bailout fund receives Greek aid request

Last Updated: Wednesday, July 8, 2015, 17:52

The eurozone`s bailout fund said Wednesday Greece had formally submitted a request for a new aid programme, just days before a final deadline to reach a debt deal.

Greece will face chaos, riots if deal not struck: France

Last Updated: Wednesday, July 8, 2015, 17:35

France`s central bank chief on Wednesday said Greece will descend into "riots and chaos" if no debt deal is found soon, media reported.

Greece seeks new bailout as deadline looms

Last Updated: Wednesday, July 8, 2015, 17:30

Greece asked for a new international bailout on Wednesday as Prime Minister Alexis Tsipras said he was confident debt-stricken Athens could meet a weekend debt deal deadline to stay in the euro.

European stocks edge higher on Greek hopes

Last Updated: Wednesday, July 8, 2015, 17:28

European stocks rebounded slightly Wednesday, despite heavy losses in China, on optimism over the Greek crisis after European leaders slapped Athens with a deadline to submit new bailout reform proposals.

Lack of new Greek proposals leaves eurozone leaders on edge

Last Updated: Wednesday, July 8, 2015, 00:43

Greek Prime Minister Alexis Tsipras strode into a summit of eurozone leaders with a beaming smile Tuesday, but was met with anger when it became clear he had no written proposal on how to save his country from financial ruin.

Eurogroup meeting ends fruitless, Greece insists it tabled proposals

Last Updated: Wednesday, July 8, 2015, 00:23

An emergency Eurogroup meeting in Brussels on the Greek debt deal ended inconclusive on Tuesday, with lenders saying that they expected to discuss Greece`s proposals on Wednesday during a Eurogroup teleconference.

Greece faces last chance to stay in euro as cash runs out

Last Updated: Tuesday, July 7, 2015, 12:46

Greek Prime Minister Alexis Tsipras had a final chance to present credible reform proposals to an emergency euro zone summit on Tuesday to persuade sceptical creditors to reopen aid talks before his country`s banks run out of money.

Asian markets mostly up but Shanghai tumbles again

Last Updated: Tuesday, July 7, 2015, 08:25

The euro held its ground after Greece`s weekend vote against creditors` austerity proposals, with dealers hoping contagion will be limited if a bailout reform deal cannot be reached.

Grexit threat puts Europe in tricky position after `No` vote

Last Updated: Tuesday, July 7, 2015, 01:05

Vote `Yes` or leave the euro: European leaders talked tough ahead of Greece`s momentous referendum, but that threat could seriously complicate a return to the negotiating table after Greeks said an emphatic `No` to more austerity.

Greek banks to stay closed until Wednesday: Official

Last Updated: Tuesday, July 7, 2015, 01:03

Greek banks will remain closed until Wednesday with limits on daily withdrawals unchanged, the state news agency reported today, citing officials.

Hope dies last in Greece after defiant ''No''

Last Updated: Tuesday, July 7, 2015, 01:01

Athens was still standing on Monday. The Parthenon had not crumbled before the coming Apocalypse. And as their left-wing government made tentative overtures to its European partners, Greeks expressed hope catastrophe might yet be averted.

Greek crisis may have impact on global currency market: Nirmala

Last Updated: Tuesday, July 7, 2015, 01:00

The government is "very closely" monitoring the developments in Greece as that could have implications on the international currency market, Commerce and Industry Minister Nirmala Sitharaman said today.