Business News Headlines

Mon, Jun 29 2015

Anti-austerity protests in Greece as bank shutdown bites

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ATHENS - 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 banking system. | Video

World 29 Jun 2015

Exclusive: ECB rejects bumper Greek plea but existing support to stay - sources

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ATHENS/FRANKFURT - 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 the matter said.

29 Jun 2015

Global stocks tumble, yields drop as Greece veers toward default

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NEW YORK - U.S. stocks added to a global selloff on Monday as Greece veered toward a default on its debt, while the euro recovered from an early sharp loss to turn higher against the dollar.

FXpert 29 Jun 2015

UK government tells firms to check Greeks can still pay them

LONDON - Britain's government suggested on Monday that businesses trading with Greece should check whether they will get paid, after the Greek government imposed capital controls.

World 29 Jun 2015

British government queries CBI lobby group's EU stance

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LONDON - The British government on Monday questioned the approach it said one of the country's most influential lobbying groups was taking to Prime Minister David Cameron's European Union reform drive, urging it to rethink its stance.

UK, 29 Jun 2015

Microsoft hands display ads to AOL, maps to Uber

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SEATTLE - 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.

29 Jun 2015

Bank of England chief economist urges against 'early lift off' for rates

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LONDON - The Bank of England should steer clear of an early interest rate hike, and is as likely to cut rates as to raise them in future, its chief economist has said.

FXpert 29 Jun 2015

German Merck expanding presence in Israel with acquisitions

TEL AVIV - Merck KGaA expects to expand its presence significantly in Israel with two acquisitions in the life science and performance materials sectors, the company's chief executive said on Monday.

Middle East 29 Jun 2015

Sky calls for competition inquiry into UK broadband market

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LONDON - Sky has called for a competition inquiry into Britain's broadband market where it says BT , the market leader whose network it relies on, has an effective monopoly.

29 Jun 2015

Bank of England's Weale says transcript plans make him "more stilted" in MPC meetings

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LONDON - Bank of England policymaker Martin Weale said his contributions to Monetary Policy Committee meetings have become "more stilted" since the BoE decided to publish transcripts, although he added the benefits outweighed the costs.

FXpert 29 Jun 2015