China's struggle with an economic slowdown will haunt foreign exchange markets for months to come, a Reuters poll showed, even if many emerging currencies are considered somewhat cheap after months of a relentless sell-off.
Greece and international creditors sought to put final touches to a multi-billion euro bailout accord on Monday to keep the country financially afloat and meet an important debt repayment to the European Central Bank within days.
Everybody's working on the weekend, everybody in finance, maybe Greece goes off the deep end. Will the EU give Greece a second chance? They are far apart, they better start from the start. If Greece wants in the show. They better let it go!
The U.S. Comex gold futures jumped 2.14% to $1,202 on Thursday, climbing the most since May 13 thanks to the more tempered outlook from the Fed’s Chair. The S&P 500 Index rose 1.21% while the Euro Stoxx 50 Index was flat in the past two days.
Greeks pulled more than 1 billion euros out of their banks in a single day, banking sources said on Friday, as the country edged closer to default despite assurances from Prime Minister Alexis Tsipras that the doomsayers are wrong.
Prime Minister Alexis Tsipras told opposition leaders on Tuesday that disagreements among international lenders were to blame for an impasse in negotiations, sticking to a hard line that has brought Greece to the brink of default.