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Greece unlikely to impact Indian economy, say fund managers

Last Updated: Tuesday, July 7, 2015, 00:56

The Greek crisis is unlikely to have any impact on the Indian economy since it has only negligible exposure to the troubled Mediterranean island, fund managers said here today.

Eurozone stability `not in question` after Greek vote: EU

Last Updated: Monday, July 6, 2015, 18:45

The stability of the eurozone is not at risk after Greeks voted `No` to creditors` austerity demands in a weekend referendum, the European Commission vice president for the euro said Monday.

Spain wants Greece to stay in euro, open to new bailout talks

Last Updated: Monday, July 6, 2015, 18:29

Spain is open to negotiating a new bailout for Greece, which should remain in the eurozone, Economy Minister Luis de Guindos said Monday after Greek voters rejected creditors` austerity demands in a weekend referendum.

Yanis Varoufakis: Scourge of Greece`s creditors

Last Updated: Monday, July 6, 2015, 17:15

Greece`s maverick finance minister Yanis Varoufakis, who announced his surprise resignation on Monday, achieved near-celebrity status with an urban-cool image and visceral attacks on the country`s international creditors.

Sensex, Nifty over 2-month high; extend gains for 3rd week

Last Updated: Saturday, July 4, 2015, 14:52

The domestic bourses, that bucked the global market trend as a result of Greek debt-deal stand-off, closed at two-and-a-half-month high levels.

Greece won`t leave eurozone: Italian PM Matteo Renzi

Last Updated: Friday, July 3, 2015, 03:02

'Greece will not exit the eurozone regardless of the outcome of the country`s referendum this weekend, Italian Prime Minister Matteo Renzi said Thursday.

Sweden cuts key interest rate to -0.35%

Last Updated: Thursday, July 2, 2015, 14:45

Sweden`s central bank announced Thursday a 10-basis-point cut to its key interest rate, the repo rate, to -0.35 percent, and increased its bond purchases, citing uncertainty over the Greek crisis.

Greece: IMF says payment delays no help to nations in crisis

Last Updated: Thursday, July 2, 2015, 03:48

The International Monetary Fund said today that allowing a borrower to delay repayment, as Greece has requested, is generally ineffective in helping a country overcome crisis.

Mutual fund houses see only marginal impact of Greek crisis

Last Updated: Wednesday, July 1, 2015, 22:37

Domestic mutual fund houses expect some volatility in the short-term since they expect foreign investors to pull out some money, though they are hopeful that the Greek crisis would not have any long-term impact on the domestic market.

India has 'robust' macroeconomic foundation for growth: Jayant Sinha

Last Updated: Wednesday, July 1, 2015, 17:07

The country, Minister of State for Finance Jayant Sinha said, is prepared to deal with the aftermath of the Greek crisis.

Eurozone refuses Greek bailout extension, more talks Wednesday

Last Updated: Wednesday, July 1, 2015, 01:46

Eurozone finance ministers declined to extend Greece`s bailout Tuesday just hours before its expiry and a possible IMF default, but talks will continue Wednesday after Athens asked for a new aid plan, officials said.

At least 20,000 pro-bailout supporters rally in Athens

Last Updated: Wednesday, July 1, 2015, 01:34

Thousands of people rallied in Athens Tuesday in support of a bailout deal with international creditors which has been rejected by Prime Minister Alexis Tsipras, leaving Greece on the brink of default.