Britain’s banks call on government to phase out industry levy
LONDON (Reuters) – Britain’s banks have called upon the government to phase out the bank levy, saying it is damaging the competitiveness of the industry and causing them to lose business to overseas rivals.
Greeks defy Europe with overwhelming referendum ‘No’
ATHENS (Reuters) – Greeks overwhelmingly rejected conditions of a rescue package from creditors on Sunday, throwing the future of the country’s euro zone membership into further doubt and deepening a standoff with lenders.
Euro slips, bonds rally on Greek upset
SYDNEY (Reuters) – The euro fell sharply in Asia on Monday after polls suggested the Greeks had overwhelmingly rejected austerity measures demanded in return for bailout money, putting in doubt its continued place in the single currency.
Euro markets set for major jolt after Greek ‘No’, look to ECB for calm
LONDON (Reuters) – European stock and bond markets are set to take a sharp hit on Monday after Greece voted ‘No’ to harsh bailout conditions, and bankers said the European Central Bank’s response was now key to the extent of contagion.
Zeroing in on empty homes, China throws developers a lifeline
BEIJING (Reuters) – Dismayed by the millions of unsold homes in China’s troubled real estate market, the Chinese government is taking matters into its own hands: by buying some properties and turning them into public housing. Like a white knight riding to the rescue of distressed developers, a handful of local governments are snapping up thousands of empty homes at hefty discounts and re-selling them to the country’s poorest households.
Euro falls as Greece votes ‘No’ to bailout package
WELLINGTON (Reuters) – The euro fell sharply on Monday after Greeks looked to have overwhelmingly rejected the austerity measures demanded in return for bailout money.
Chipotle shares could plunge unless growth revives: Barron’s
NEW YORK (Reuters) – Shares of Chipotle Mexican Grill Inc have lost some of their luster recently and unless growth revives at the company, the stock could see a 15 percent to 20 percent plunge, the July 6 edition of Barron’s said.
Greek referendum final polls show ‘No’ vote ahead by small margin
ATHENS (Reuters) – Final opinion polls released after the end of voting in Greece’s referendum showed the ‘No’ vote leading by a small margin in Sunday’s vote on a bailout proposal from creditors.
China rolls out emergency measures to prevent stock market crash
BEIJING/SHANGHAI (Reuters) – China’s stock markets face a make-or-break week after officials rolled out an unprecedented series of steps at the weekend to prevent a full-blown stock market crash that would threaten the world’s second-largest economy.
Quartet of crises threatens Europe’s core
BRUSSELS (Reuters) – Four great crises around Europe’s fringes threaten to engulf the European Union, potentially setting the ambitious post-war unification project back by decades.
