Financial News Stories
By Sweta Singh (Reuters) – U.S. stocks extended their losses in heavy trading on Monday, adding to a global selloff, after a collapse in Greek bailout talks intensified fears that the country could be the first to exit the euro … Continue reading
The financial chaos in Greece reached a new peak Monday, with long lineups at cash machines, protests involving burning euros and a sagging global stock market. At one point, as part of an angry war of words between some of the main … Continue reading
(Reuters) – Standard Poor’s Ratings Services lowered its sovereign rating on Greece to ‘CCC minus’ from ‘CCC’, saying the probability of Greece exiting the eurozone was now about 50 percent. Greece’s bailout talks with lenders collapsed over the weekend, intensifying … Continue reading
By Joseph Ax NEW YORK (Reuters) – A federal jury on Monday ordered the chief executive officer of a Manhattan investment firm to pay $18 million to a former employee for sexual harassment and defamation. Benjamin Wey, who runs New … Continue reading
Washington (AFP) – Standard Poor’s downgraded Greece’s credit rating deeper into junk territory on Monday, saying the government’s call for a referendum on creditor proposals brought it closer to default. “We interpret Greece’s decision to hold a referendum on official … Continue reading
With China’s stocks continuing to nose dive, now is not the time to trade in the market, but it is still a good long-term investment, financial expert and author John Mauldin said Monday. “Long term, China is a place you … Continue reading
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Global stocks tumbled Monday after Greece closed its banks and limited the amount of money citizens can withdraw from them after bailout talks with its creditors broke down over the weekend. The Greek drama has been unfolding for many months … Continue reading
DUBAI, June 28 (Reuters) – Kuwait’s stock market edged down early on Sunday after a suicide bomber killed 27 people at a Shi’ite Muslim mosque at the weekend, the first attack of its kind in the country. The main index … Continue reading
By Pete Sweeney SHANGHAI (Reuters) – China’s monetary easing at the weekend was aimed at stopping a stock market stampede, but has some economists worried that policy is being used to prop up an equity rally that was not based … Continue reading
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