ATHENS/FRANKFURT - Greece's outspoken finance minister resigned on Monday, removing a major obstacle to any deal to keep Athens in the euro zone after Greeks voted resoundingly to back the government in rejecting the austerity terms of a bailout. | Video
Recent Business News
LONDON - British insurer RSA said on Monday it would appeal an Irish employment appeals tribunal decision in favour of former Irish chief executive Philip Smith.
VIENNA - Austria launched legal action on Monday against the European Commission over its backing of British plans for the 16 billion pound development of the Hinkley Point nuclear power plant, Chancellor Werner Faymann said.
LONDON - Debt-laden steel trader Stemcor, one of the UK’s largest private companies, has agreed a deal with U.S. distressed investment fund Apollo and with its other lenders that "secures its future", Stemcor said on Monday.
FRANKFURT - Talks between Lufthansa and pilots' union Vereinigung Cockpit on entering mediation have failed, raising the prospect of strikes at the height of the summer travel season, the union said on Monday.
CHANTILLY, France - French carmaker Renault on Monday launched its new Talisman model, replacing the Laguna at the top of its private passenger vehicle range in the hope it will do better against the German competition.
- Gold: PRECIOUS-Gold falls on dollar, Greek vote fails to spark strong demand
- Oil Report: U.S. CRUDE FRONT-MONTH CONTRACT'S DISCOUNT TO SECOND MONTH
AT 7-WEEK HIGH, WIDENING "CONTANGO"
- British Pound Report: Sterling falls against dollar on British growth concerns
- US Dollar Report: FOREX-Euro holds ground in face of Greek 'No'