June 20, 2015

Greek debt: Fears grow over Greek banks' health

Fears are growing over the health of Greek banks after indications that savers have withdrawn billions of euros in the past week.

June 18, 2015

Top European court throws weight behind ECB in fighting crises

LUXEMBOURG/FRANKFURT (Reuters) - The European Central Bank won crucial backing from Europe's top court on Tuesday for its pledge to do whatever it takes to save the euro, defeating a German group's challenge as bloc member Greece edges dangerously close to default.

June 17, 2015

Ruble Is Elephant In Room as Russia Invokes Inflation Threat

Russia’s central bank Governor Elvira Nabiullina cited the threat of inflation as she warned future interest-rate cuts would be smaller and fewer. Economists see a different reason: the ruble.

June 16, 2015

Greek banks see deposit outflow of $449 million on Monday: bankers

ATHENS (Reuters) - Greek banks saw deposit outflows of about 400 million euros ($449 million) on Monday as the pace of withdrawals picked up from last week after talks with the country's creditors over an aid-for reforms deal broke down on Sunday, bankers said.

June 14, 2015

S&P cuts UK outlook amid EU referendum warning

David Cameron’s decision to hold a referendum on EU membership has put Britain at greater risk of losing its triple-A credit score, according to Standard & Poor’s, the only big ratings agency to still give Britain the top ranking.