No deal for Greece, creditors, top-level talks resume Saturday

Last Updated: Friday, June 26, 2015, 08:36

Greece failed again to clinch a deal with its international creditors on Thursday, setting up a last-ditch effort on Saturday to avert a default next week or start preparing to protect the euro zone from financial market turmoil.

Greece crunch debt talks restart after no late-night deal

Last Updated: Thursday, June 25, 2015, 11:15

Tsipras was due to resume meetings with the heads of the European Commission, International Monetary Fund and European Central Bank -- the "troika" of Greece`s main bailout monitors -- at 0700 GMT.

ECB again increases emergency liquidity reserve for Greek banks

Last Updated: Monday, June 22, 2015, 15:58

The European Central Bank (ECB) again increased emergency liquidity funds for Greece`s banks Monday, according to a Greek bank source who said the ECB may renew the hike "at any time" if necessary.

European stocks rally on hope of Greece deal

Last Updated: Monday, June 22, 2015, 15:56

Greece`s creditors saw a ray of hope as Prime Minister Alexis Tsipras went into an emergency eurozone summit aimed at finding a deal to save Athens from default and a possible exit from the euro.

Greece deal urged as new proposals offered ahead of summit

Last Updated: Monday, June 22, 2015, 11:52

Greece's new proposals to European leaders ahead of a crunch summit on Monday offered a ray of hope that a deal to end the country's debt crisis can be struck after five months of deadlock.

Euro rises on hopes for Greek debt deal

Last Updated: Monday, June 22, 2015, 11:05

The single currency climbed to $1.1396 and 139.87 yen in Tokyo from $1.1349 and 139.23 yen in New York late Friday. The dollar fetched 122.73 yen against 122.69 yen in US trade.

EU welcomes 11th-hour Greek proposals in 'forceps delivery'

Last Updated: Monday, June 22, 2015, 08:55

It was not immediately clear how far the new proposal yielded to creditors` demands for additional spending cuts and tax hikes, but the offer was a ray of hope that a last-minute deal may yet be wrangled before Athens runs out of cash.

Greece offers new proposals ahead of emergency summit

Last Updated: Monday, June 22, 2015, 08:48

French President Francois Hollande, on a visit to Milan, confirmed Greece had offered new proposals although EU diplomats said no formal written proposal had arrived.

Greece mulls next move as clock ticks on debt talks

Last Updated: Sunday, June 21, 2015, 09:31

With its banks hanging on life support from the European Central Bank, and billions of euros being withdrawn daily, Greece may have to impose capital controls within days unless a breakthrough is made at Monday`s summit.

Greece says ready to compromise, calls for Merkel decision

Last Updated: Saturday, June 20, 2015, 23:29

Tsipras, who has never hidden his desire that an eventual accord be hashed out between political leaders rather than by negotiating teams of technical advisers will find his European peers waiting expectantly for breakthrough proposals at Monday`s emergency summit.

ECB raises emergency liquidity for Greek banks: bank source

Last Updated: Friday, June 19, 2015, 18:39

The European Central Bank on Friday raised the level of emergency funding for Greek banks by an unspecified amount following a request from the Bank of Greece, a bank source said.