*European Central Bank approves bailout plan- sources. MILAN/ SIENA, July 29- The European Central Bank has approved a privately funded rescue of Italy's third-largest lender, Monte dei Paschi di Siena, three sources said on Friday, staving off the risk that regulators would be forced to wind up its business. Under the bailout plan to be unveiled later in the day,... » Read More
Yoon Chou Chong, investment director at Aberdeen Asset Management, Singapore, says Indian shares are taking a breather due to factors like rising valuations and the debate on the minimum alternate tax.
Kyriakos Mitsotakis, Greek MP at the New Democracy Party, says he sees "no conceivable option" for Greece to default, as it would be "a completely catastrophic scenario."
Jan Dehn, head of research at Ashmore Investment Management, says the real upside for India is the domestic economy; adding that the real constraints are the lack of reforms and inefficiencies; all of which India's Prime Minister is addressing.
Anatoli Annenkov, senior European economist at Societe Generale, says that for Greece to pay back all of its loans, there needs to be more progress at the next Eurogroup meeting.
Gavin Parry, managing director at Parry International Trading, attributes the rally in the Hang Seng index to the removal of barriers for mainland money managers to buy H-shares last week.
Edmund Shing, global equity portfolio manager at BCS Financial Group, discusses Greece's reform plans and the potential risks ahead.
Mark Mobius, executive chairman of Templeton Emerging Markets Group, discusses news that Cloud Live became the first company to default on corporate bond principal in China.
Constantine Michalos of the Greek Chamber of Commerce and Industry, discusses the best course of action to boost Greek business.
Discussing the latest developments with Greece, David Owen, chief European economist at Jefferies International, says that if Greece exits the euro zone, it could be worse for the European stock market than the bond market.
Holger Schmieding, chief economist at Berenberg, discusses what he expects Greece to say and do in terms of reforms in the coming weeks.
The buzz about another possible bailout of Fannie Mae and Freddie Mac doesn't make any sense, says Dick Bove. Here's why.
The SEC's entire corporate-disclosure operation is based on the written document. That's a huge problem, says this watchdog.
Supermodel, Bar Refaeli says she hopes for a change in Israel following the Likud victory in yesterday's elections.
The last U.K. budget speech before the U.K. general election has taken place. Andrea Leadsom, Economic Secretary to the Treasury of the Conservative Party, gives her reactions.
After the UK budget meeting, Chris Leslie, Shadow Chief Secretary to the Treasury, gives his reaction, explaining why the Labour plan is better for certain sectors.
Talking about the UK budget, Dr. Brian Hilliard, chief UK economist at Societe Generale, says that the UK is "doing pretty well, but there's more to be done."
A former trader at Rabobank has become the first trader banned from the British financial services industry over Libor interest rate rigging.
Kingsley Jones, founder and CIO at Jevons Global, explains why Hong Kong shares are looking better these days and outlines why India is a standout performer among emerging markets.
Fabrizio Saccomanni, former finance minister of Italy, says we should make sure the Greek government has no funding problems in the short-run that could trigger a systemic crisis.
Talking about Italy's new reforms, Fabrizio Saccomanni, former finance minister of Italy, says a lot depends on what the priorities are when it comes to Italy's reforms.