Saturday 4 July 2015

Iran nuclear talks set to run until July 7

A year and half of nuclear talks between Iran and major powers were creeping towards the finish line on Friday as negotiators gave themselves until July 7 to wrestle with sticking points. Iran is in talks with the United States and five other powers - Britain, China, France, Germ


Rockets land in Israel, IS claims responsibility

Militants in Egypt's Sinai peninsula fired rockets into southern Israel on Friday in an incident that caused no casualties but appeared to be linked to fighting between Islamist insurgents and Egyptian security forces. Islamic State's Egypt affiliate, Sinai Province, said


Greeks deeply divided heading into crucial vote

Tens of thousands of Greeks took to the streets on Friday in rival rallies that laid bare the deep divide heading into a referendum that may decide the country's future in Europe's single currency. Prime Minister Alexis Tsipras, elected in January on a promise to end year


IMF warns Greece needs debt extension

The International Monetary Fund has warned that Greece would need an extension of its European Union loans and a potentially a large debt write-off if it grows more slowly than expected and economic reforms are not implemented. The IMF warning in a preliminary draft of its latest


Over 100 militants killed in Egyptian army offensive

Egypt's army said more than 100 militants and 17 soldiers were killed in simultaneous attacks on military checkpoints in North Sinai, in the most sustained fighting of its kind in years in the restive province. After a day of fighting, which involved F-16 jets and Apache heli


Oil prices stabilize after sliding on US stock build

Oil prices were broadly unchanged from their previous close in early trading on Thursday after tumbling 4 per cent a day earlier as US stockpiles rose for the first time in months on the back of high production. Following Wednesday's drop, front-month US crude futures were tr


Oil drops as Greece defaults, output soars

Oil prices fell on Wednesday after Greece became the first developed economy to default on a loan with the International Monetary Fund and as both US and Opec production hit new records. Greece, as expected, was not able to repay 1.6 billion euros it owed to the IMF, in what was


Greece defaults on IMF loan

Greece's last-minute overtures to international creditors for financial aid on Tuesday were not enough to save the country from becoming the first developed economy to default on a loan with the International Monetary Fund. The IMF confirmed that Greece had not made its sched


Oil holds near 3-week lows over Greece tension

Oil futures hovered below three-week lows on Tuesday after Greeks protested against austerity following a bank shutdown. The move moved investors away from riskier assets and put Brent crude on course for a second month of declines. Brent crude futures were down 16


Stocks tumble, yields drop as Greece crisis mounts

US stocks added to a global selloff on Monday as Greece veered toward a default on its 1.6 billon euro ($1.7 billion) debt. Greece will not pay a loan installment due the International Monetary Fund on Tuesday, a Greek government official told Reuters, and the European Central Ba

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