Fed’s Dudley says September rate hike ‘very much in play’: FT
NEW YORK (Reuters) – A September interest rate hike is “very much in play” if the U.S. economy continues to strengthen, though the Federal Reserve could also wait until December to start tightening policy, an influential Fed official said in a newspape…
China finance minister: confident AIIB can start functioning before year end
BEIJING (Reuters) – China’s Finance Minister Lou Jiwei said on Monday he was confident the Asian Infrastructure Investment Bank (AIIB) could start functioning before the end of the year.
Fed’s Dudley says September rate hike ‘very much in play’: FT
NEW YORK (Reuters) – A September interest rate hike is “very much in play” if the U.S. economy continues to strengthen, though the Federal Reserve could also wait until December to start tightening policy, an influential Fed official said in a newspape…
Euro, stock futures plunge on Greece default fears
TOKYO (Reuters) – (This version of the story was refiled to correct grammar in first paragraph)
China’s banks dominate rankings for profits, strength
LONDON (Reuters) – China’s banks are strengthening their position as the best capitalized and biggest profit makers in the world, a study showed on Monday.
Greece imposes capital controls as crisis deepens
ATHENS (Reuters) – Greece moved to check the growing strains on its crippled financial system on Sunday, closing its banks and imposing capital controls that brought the prospect of being forced out of the euro into plain sight.
Wave of contagion expected after dramatic weekend raises ‘Grexit’ chances
LONDON (Reuters) – Global financial markets are braced for a wave of contagion from Greece on Monday, with expected heavy losses for southern European government bonds and regional stock markets as investors scramble to discount a possible “Grexit” tha…
Slowboat to China: No quick fix for luxury yacht firm Ferretti
SARNICO, Italy/SINGAPORE (Reuters) – When Chinese industrial conglomerate Weichai Group snapped up cash-strapped Italian luxury yacht builder Ferretti in 2012, the deal looked like a match made in heaven.
Wall St. eyes Greece and Fed; Main St lackadaisical
SAN FRANCISCO (Reuters) – Anxiety about Greece may keep Wall Street on edge early in the week, as the country moves toward what was once thought unthinkable: a default and a full exit from the euro zone.
German, Dutch banks ‘well-prepared’ for Greek financial ructions
FRANKFURT (Reuters) – German and Dutch banks said on Sunday said they were fortified against possible financial turmoil in Greece this week after the country announced it would keep banks closed on Monday and would introduce capital controls.
