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Greece, which may default on an International Monetary Fund debt repayment due on Tuesday after talks with creditors broke down, owes its official lenders 242.8 billion euros ($271 billion), according to a Reuters calculation based on official data, with Germany by far the largest creditor.That figure includes loans made under two bailouts from European governments and the IMF since 2010 -- worth a ...
In line with equities, the rupee recovered from initial losses, but still ended lower against the US dollar by tumbling 20 paise at 63.84 due to the looming debt default crisis in Greece amidst month-end demand for the greenback from importers. Gaining some ground, the rupee recovered against the euro at 70.97 from 71.25 previously but fell against the pound sterling to 100.29 from 100.09 earlier. ...
Gold prices staged a smart rebound from its two-month low at the domestic bullion market here following robust demand from stockists and speculators driven by extremely bullish overseas cues. Silver also regained some lost ground after recent sharp sell-off on renewed industrial offtake. The domestic sentiment got a big lift after the yellow metal witnessed a rally in worldwide trade on safe-haven demand ...
Gold regained its sheen to trade Rs 240 higher at Rs 26,950 per ten grams at the bullion market today, tracking a firm global trend amid fresh buying by jewellers. Silver also recovered by Rs 300 to Rs 36,700 per kg on increased offtake by industrial units and coin makers. The recovery in gold prices was mostly in tandem with a firming trend in global market as Greece shut banks and imposed capital ...
By Aaron Sheldrick TOKYO (Reuters) - Oil futures hovered below three-week lows on Tuesday after Greeks took to the streets to protest against austerity following a bank shutdown, keeping investors away from riskier assets and putting Brent crude on course for a second month of declines. Brent crude futures were down 16 cents at $61.85 a barrel at 0200 GMT, after falling to $62.01 on Monday, their ...
ATHENS (Reuters) - European Commission President Jean-Claude Juncker made a last-minute offer to Athens in a bid to reach a bailout agreement before the deadline expires on Tuesday, European Union and Greek government sources said. Under the offer, Prime Minister Alexis Tsipras would have to send written acceptance by Tuesday, in time for an emergency meeting of the Eurogroup of euro zone finance ...
India's benchmark stock index, the BSE Sensex, is set to climb this year, although not by as much as forecast three months ago, and it will be up about 18% in a year's time even if US interest rates rise as expected, a Reuters poll found. The poll was conducted last week, before negotiations between Greece and its creditors broke down, setting the stage for a probable Greek debt default this week. ...
London: Forget touch screens and buttons, now you can control gadgets through hand gestures made in thin air, thanks to Google's new invention. The Project Soli system identifies subtle finger movements using radar built into tiny microchips and is so precise that it works on even the smallest of displays, Daily Mail reported. The leading researcher told Mail Online that his team's breakthrough will ...

Today's picks

2013-02-19 18:00:00

NIFT Current: 5,898 (futures: 5,906) Target: NA Index remains range-bound between 5,870 and 5,925 with very nominal futures premium. The range today could be 5,850 or 5,950. Stop-loss shorts at 5,925 and stop-loss long positions at 5,975. A long 5,800p (19) and long 6,000c (21) could gain 10-12 if the market swings 50 points in either direction. STATE BANK OF INDIA Current price: Rs 2,263 Target price: ...

Today's picks

2013-02-09 18:00:00

NIFTY Current: 5,939 (futures: 5,964);Target: NAThe downtrend continued. Key support was tested at 5,930. A drop below 5,920 could mean a dip till 5,875. A bounce will hit resistance at 5,975-5,990. Futures premium has increased to 25, which may mean a pullback on short-covering. The bearspread of long 5,900p (48) versus short 5,800p (23) continues to look attractive.TATA STEEL Current price: Rs 390;Target ...
* Market wants to wait until Greece's referendum - traders * China market moves focused - traders * Shionogi soars after Credit Suisse's rating hike By Ayai Tomisawa TOKYO, June 30 (Reuters) - Japan's Nikkei share average edged up on Tuesday after posting its second-biggest daily drop this year, but the market remained concerned after a collapse in Greek bailout talks intensified fears ...
SHANGHAI, June 30 (Reuters) - Chinese stocks were mixed on Tuesday as regulators tried to soothe investors' fears of a looming crash after markets plunged more than 20 percent in the last few weeks. The CSI300 index rose 0.4 percent to 4,207.5 points by 0138 GMT, but the Shanghai Composite Index lost 0.9 percent to 4,015.1. China CSI300 stock index futures for July rose 1.5 percent to 4,116.8, ...
By Michele Kambas and Lefteris Papadimas 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 banking system. With a popular referendum on the bailout planned for Sunday, Prime Minister Alexis Tsipras put ...
By Howard Schneider and Michael Flaherty WASHINGTON (Reuters) - The fuse may be lit for a Greek exit from the euro zone but the fallout in the United States is expected to be modest and not enough to throw the Federal Reserve's likely September rate hike off course, said former Fed officials and outside analysts watching the latest turn in Greece's crisis. Major U.S. stock indexes were lower on ...
By Agnieszka Flak and Aradhana Aravindan 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. Debt-laden Ferretti, known for the elegantĀ Riva speedboats favoured by film star Sophia Loren, was the world's top maker of large motor yachts and cash-rich ...
Germany's Volkswagen plans to launch a family of low cost budget cars in China and possibly elsewhere starting in 2018, its chief executive said in a newspaper interview on Sunday. "We will bring a budget-car family to market in 2018, with an SUV, saloon and hatchback," Martin Winterkorn told Bild am Sonntag newspaper. Europe's largest automaker had for years been pondering a budget car but difficulties ...
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