U.S. repo rate rises on Greece debt jitters
NEW YORK (Reuters) – The borrowing cost on a key source of overnight loans for Wall Street rose on Monday as a breakdown in talks between Greece and its creditors caused a mad dash for cash to fund trades in advance of the end of the second quarter.
Exclusive: ECB rejects bumper Greek plea but existing support to stay – sources
ATHENS/FRANKFURT (Reuters) – The European Central Bank rejected Greece’s request for 6 billion euros of extra emergency funds on Sunday, but is expected to continue limited support for Greek banks until the July 5 referendum, people with knowledge of t…
Chances of Greece euro exit balancing on a knife’s edge: Reuters Poll
LONDON (Reuters) – Greece is almost certain to miss a 1.6 billion euro payment to the International Monetary Fund on Tuesday but it’s touch-and-go whether it will have to leave the euro zone, a snap Reuters poll found.
U.S. pending home sales hit nine-year high
WASHINGTON (Reuters) – Contracts to buy previously owned U.S. homes rose to their highest level in just over nine years in May, in a further boost to the housing market and the broader economic outlook.
GE to sell its global fleet assets to Element and Arval
TORONTO (Reuters) – General Electric on Monday said it agreed to sell its fleet management arm in the United States, Mexico, Australia and New Zealand to Canada’s Element Financial for $6.9 billion, moving it a step further in its plan to shed financia…
S&P 500 to break higher, end year up 7 percent:Reuters Poll
NEW YORK (Reuters) – The S&P 500 will likely snap out of its tight trading range in the second half of 2015 to end almost 7 percent higher for the year, according to a Reuters poll.
FCA US recalls SUVs over suspension component
(Company clarifies in paragraph two that some of the additional vehicles are in service in Canada.)
Wall Street set to open lower as Greek crisis worsens
(Reuters) – U.S. stock index futures fell around 1 percent in heavy trading on Monday after Greek bailout talks broke down, intensifying fears that it could be the first country to exit the euro zone.
European banks, bonds shaken by Greek turmoil
LONDON (Reuters) – Europe’s financial markets were jolted on Monday by the collapse of talks and imposition of capital controls in Greece, although initial heavy selling eased as investors judged there was still some way to run for the saga.
Western Union to close in Greece for rest of week
LONDON (Reuters) – Western Union , the world’s largest money transfer company, said it was closed for business in Greece on Monday and would remain closed for at least the rest of the week.
