Greece Won't Exit the Euro, Economists Say As Greece stumbles through a chaotic week after failed rescue talks — and toward a referendum on bailout terms — economists say it won't have to tear up its euro-membership card just yet...
Tsipras Under Pressure to Cede After Greece Misses IMF Payment European leaders are waiting for signs that Greek Prime Minister Alexis Tsipras is ready to compromise as his country buckles under capital controls and fails to make its International Monetary Fund payment...
Merkel Says New Talks Must Wait After Greece Blows Off IMF Payment German Chancellor Angela Merkel ruled out an immediate return to debt talks as Greece became the first advanced economy to miss payment to the International Monetary Fund and its European bailout also expired...
Gold prices extended losses to trade near a three-week low on Tuesday, after reports said Greek Prime Minister Alexis Tsipras might be reconsidering the latest proposal from the country’s international creditors...
Analysts at Citi Research expect a stronger U.S. dollar to push gold into a lower trading range in the second half of the year...
On Tuesday the greenback was stronger as markets prepared for Greece's almost unavoidable default on its IMF payment due today, June 30. However, Greece is now said to be in touch with its creditors in respect of a possible deal, however, no real movement has been seen so far...
On Tuesday the pound was almost unchanged against the U.S. dollar, after reports showed that Britain's economic growth was revised up, while U.K. account deficit appeared to be wider than economists had estimated...
“Initially there would be a massive selloff, something in the region of 30 to 40 percent depreciation against the dollar,” says Neil Jones, head of hedge-fund sales at Mizuho Bank Ltd. in London. “We will get fresh all-time lows” for the drachma, he thinks...
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On Tuesday the euro was weaker in Asia, as financial markets prepared for Greek debt default. The outcome of the referendum due on July 5 is the main focus now with Greece's Tsipras hinting at resigning in case citizens vote 'Yes'...
Late last week, the Parliament of Greece do voting that later with the results of the votes versus 178 120, to hold a referendum on Sunday, July 5, 2015. The referendum will decide whether Greece would accept the terms of the proposed bailout of the Eurogroup or not the tumultuous market...
On Monday a U.S.-listed exchange-traded fund that tracks 20 publicly traded Greek companies plunged in morning trade, as traders headed for the exits with Greece nearing default...
Turmoil in Europe lent support to gold Monday, as the European Central Bank’s decided to limit funds to Greek banks on Sunday, after the country's authorities said it would hold a referendum on whether to accept the terms of international creditors as it vies for fresh rescue funds...
Switzerland’s central bank intervened in the currency markets Sunday night to stabilize the strong franc after the concerns over Greece’ potential exit from the eurozone spurred strong demand in the Swiss currency...
“We see Q3 as the weakest quarter for gold, given rate hike expectations and weak price floor,” analysts at Barclays said in a research note published last week, adding that later on they expect gold to mildly recover...
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European stocks dropped on Monday as Greece swayed on the verge of default after bailout talks broke down last week. Greece imposed capital controls and its lenders are to remain shut till July 6...
