Wed07082015

LAST_UPDATEWed, 08 Jul 2015 12am

IOU-Currency Would Put Greece In Line To Quit Euro

A euro logo sculpture stands in front the headquarters of the European Central Bank (ECB) in Frankfurt October 26, 2014. REUTERS/RALPH ORLOWSKIFRANKFURT/ BRUSSELS: The thinning oxygen supply to Greek banks could leave Athens with little choice but to introduce a form of second currency, European officials believe, a temporary means of freezing its membership of the bloc but one that risks its ultimate exit.

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Three Big Questions About What Happens Next In Greece's Debt Crisis

Greece's No vote leaves both its government and its banks without the financial lifelines they need to stay afloat, perhaps pushing them out of the euro.WASHINGTON: The Greek people have voted no to their bailout, no to austerity, and, quite possibly, no to the euro itself. That last part, though, depends on what the European Central Bank does in the coming days.

Read more: Three Big Questions About What Happens Next In Greece's Debt Crisis

Last Chance For Greece At Brussels Showdown As Cash Runs Out

Greek Prime Minister Alexis Tsipras (second left) arrives for a meeting of political party leaders at the Presidential Palace in Athens, July 6, 2015. — Reuters picBRUSSELS: Greece faces a last chance to stay in the euro zone today when Prime Minister Alexis Tsipras puts proposals to an emergency euro zone summit after Greek voters resoundingly rejected the austerity terms of a defunct bailout.

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Little Change In Southeast Asian Markets, Bangkok Ends Losing Streak

BANGKOK: Southeast Asian stock markets were range-bound today as investors awaited developments in the Greek debt talks, with the Thai benchmark snapping a six-day losing streak while the appointment of a new central bank governor is likely to boost the market further.

Read more: Little Change In Southeast Asian Markets, Bangkok Ends Losing Streak

China’s Market Turn Exposes Borrowers Who Fuelled The Frenzy

An investor looks at a computer screen showing stock information at a brokerage house in Shanghai, China, July 2, 2015. — Reuters picSHANGHAI: With his stock market riches, Gong Yifeng bought a riverfront apartment here for his son and daughter-in-law. He can eat well and travel abroad. He can also afford to pay for his granddaughter’s education.

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Malaysia Ringgit Hits 16-Year Low On Political Uncertainty

KUALA LUMPUR: Malaysia's ringgit hit a 16-year low Monday on growing political uncertainty following allegations that a probe into a state investment fund found hundreds of millions of dollars were transferred into the prime minister's personal accounts.

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Samsung Sees Disappointing Profit On Weak Galaxy S6 Sales

SEOUL, South Korea  — Samsung Electronics Co. forecast lower-than-expected profit for the April-June quarter in a sign that its much-anticipated Galaxy S6 smartphones failed to lead a meaningful recovery.

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Moody’s Says 1MDB Does Not Pose Systemic Risk

HONG KONG: Malaysia’s economy, its banking system and government finances are not under systemicrisk from developments at state fund 1MDB, rating agency Moody’s said on Monday.

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Boeing At 381 Deliveries In 1st Half 2015

NEW YORK: US aerospace giant Boeing delivered 381 commercial aircraft in the first half of 2015, keeping it on track for a new annual record, according to company data released Monday.

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Wall St Pares Losses After IMF Says Ready To Help Greece

NEW YORK — US stocks erased most of their earlier losses, even turning positive briefly, today after the International Monetary Fund said it was ready to assist Greece if asked.

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