Shao Fei HUANG

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Greece enters uncharted territory after referendum 'no' vote

ATHENS, Greece (AP) — Greece lurched into uncharted territory and an uncertain future in Europe's common currency Sunday after voters overwhelmingly …

Europe

The Latest: Final tally in Greece bailout referendum counted

ATHENS, Greece (AP) — The latest on the bailout referendum in Greece (all times local):<p>3:35 a.m.<p>The final results of Greece's bailout referendum are …

Europe

GOLDMAN: Here are the 3 main scenarios for Greece after its referendum

A "Yes" vote would mean Greeks prefer their government to agree to conditions for a bailout that it is strongly against.<p>The government is encouraging a "No" vote that allows Greece to stay in the euro and work with creditors to create more favorable bailout conditions, or some debt forgiveness.<p>In a …

Europe

The coming financial apocalypse For US Shale

Investment firm Goldman Sachs has even bearishly predicted $55 per barrel in 2020. With OPEC unwilling to reduce its production levels, and a worsening economic crisis in Greece , the near term outlook of oil remains mostly pessimistic despite reduced U.S. domestic crude stockpiles.<p>The World Bank …

Oil & Gas Industry

Associated Press News

GREECE DEFAULTS

Though this is not technically considered a "default" — the IMF now considers Greece "in arrears" — Greece has now officially not paid the 1.6 billion euros (or about $1.8 billion) it owed the IMF by Tuesday.<p>IMF managing director Christine Lagarde, however, said in June that she would consider …

Greece: The Solution

As you know, Greece’s banks are now closed for the week, or probably longer. That will give the bankers a chance for a “siesta.”<p>Some ATM machines may give small withdrawals, but only if you have a debit card, get up at 4:00 am to stand in line, and the machine doesn’t run out of money by the time …

Europe

Dow off 350 on Greece news; worst point drop since '13

U.S. markets got hammered Monday as the Greek debt crisis deepened, with investors pushing the Dow down 350 points — and back in the red for 2015 — after steeper sell-offs in Asia and Europe.<p>It's not surprising that stocks fell sharply in Asia and Europe to kick off the trading week as Greece …

Greece Braces Itself for a Turbulent Week

The embattled country’s negotiations with European creditors fell apart this weekend, just 48 hours before a debt repayment is due.<p>Summer weekends in Greece aren’t usually known for tense, high-stakes drama. But in the last two days, a breakdown in negotiations between the country and its European …

Europe

As Greece teeters, Merkel stands firm

Giorgos, a 77-year-old pensioner from Athens, sits outside a branch of the National Bank of Greece as he waits along with dozens of other pensioners, hoping to get their pensions in Athens, Greece June 29, 2015. (Reuters)<p>The German chancellor and European leader most responsible for the strategy …

Tourists are flocking to Greece’s collapsing economy

Right now in Greece, citizens are lining up at ATMs in hopes of salvaging their savings, and banks are closed, ahead of a July 5 public vote on a bailout. But for the more than two million foreign tourists expected in the country this month, Greece wants to keep the focus on museums and historical …

ATMs

Market Thinks It's Time For Greece To Go

It’s time for Greece to go bye bye. Whether they do or not is anybody’s guess, but for the sake of clarity, it is time Greece puts up or shuts up. Stay in the euro or go, guys. Make up your mind.<p>“It will be nice when this is finally over,” says Arent Thijsen, a fund manager at T&E Inmaxxa, a $250 …

European markets are getting crushed and nobody knows who'll win the Greek referendum

Analysts expected that we were heading into the final stage of Greece's bailout negotiations, but instead Tsipras opened the question of a deal up to the country.<p>Tsipras has been in charge of negotiating the deal but says what's on the table isn't good enough — so he's campaigning <i>against</i> the …

Europe