Markets on edge as Greece heads for default
LONDON (Reuters) – Euro zone stocks and low-rated bonds recovered the worst of their losses on Tuesday but remained on edge as Greece looked set to default on a debt repayment to the IMF and plunge deeper into financial crisis.
German watchdog says Deutsche Bank has catching up to do
FRANKFURT (Reuters) – Deutsche Bank has some “catching up” to do under its new leadership to ensure its systems and processes are up to the requirements of international financial rules, the head of Germany’s financial watchdog Bafin said.
GE to sell Europe private equity unit to Japan’s SMBC for $2.2 billion
(Reuters) – General Electric Co said it would sell its European private equity financing business to a unit of Japan’s Sumitomo Mitsui Banking Corp (SMBC) for $2.2 billion.
Delaware judge dismisses shareholder lawsuit over GM recall
(Reuters) – General Motors Co said a judge in Delaware has dismissed a lawsuit by shareholders who wished to recoup losses stemming from the recall of millions of vehicles with an ignition switch defect linked to several deaths.
Exclusive: Amazon looks to offer loans to sellers in China, seven other countries
CHICAGO (Reuters) – Amazon.com Inc will start a business loan program for small sellers in the United Kingdom on Tuesday and is looking to launch it this year in seven more countries including China.
Lufthansa strikes postponed until mid-July, union says
FRANKFURT (Reuters) – Talks to resolve a pay dispute at German airline Lufthansa have made enough progress to lift the threat of any immediate work stoppages, flight attendants’ union UFO said early on Tuesday.
U.S. stock futures up, euro sags as markets eye Greece
TOKYO (Reuters) – U.S. stock futures edged up and the euro sagged in early Asian trading on Tuesday as Greece lurched toward defaulting on a debt payment due later in the session, raising the likelihood of the cash-strapped nation’s exit from the euro …
Anti-austerity protests in Greece as bank shutdown bites
ATHENS (Reuters) – Tens of thousands of Greeks rallied on Monday to back their leftwing government’s rejection of a tough international bailout after a clash with foreign lenders pushed Greece close to financial chaos and forced a shutdown of its banki…
Microsoft hands display ads to AOL, maps to Uber
SEATTLE (Reuters) – Microsoft Corp said on Monday it will hand over its display advertising business to AOL Inc and sell some map-generating technology to ride-hailing app company Uber, as it slims down its money-losing online operations.
Wall St. tumbles as investors flee equities on Greek debt crisis
(Reuters) – U.S. stocks fell sharply in heavy trading on Monday and the S&P 500 and the Dow had their worst day since October after a collapse in Greek bailout talks intensified fears that the country could be the first to exit the euro zone.
