Oil's free fall could continue, with U.S. crude futures breaking $50 in the near future.» Read More
Aetna falls after Humana deal. Greek Prime Minister Alexis Tsipras promised German Chancellor Angela Merkel that Greece would bring a proposal for a cash-for-reforms deal to an emergency summit of euro zone leaders on Tuesday, a Greek official said. Though Greece is causing a lot of uncertainty, a deal should get done to keep them in the Euro Zone, according to...
NEW YORK, July 6- U.S. stocks fell in a volatile session on Monday as Greeks resoundingly backed the government in rejecting the austerity terms of a bailout and as China implemented emergency measures to stop a selloff in Shanghai's market.
NEW YORK, July 6- Benchmark U.S. Concerns over Greece drove safe-haven demand for Treasuries. "Some might perceive the risk of a bad outcome in Greece has marginally increased" since the ECB has made it slightly more expensive for Greek banks to access ECB liquidity, said Boris Rjavinski, a strategist at UBS in Stamford, Connecticut.
Oil plunged on the back of Greece's "no" vote. CNBC's Kate Kelly reports the other factors driving oil lower and what big investors are saying about this drop.
CNBC contributor Ron Insana says that China is in a bubble and rescue efforts may prove futile.
The Chinese Government is taking a series of unprecedented steps to prevent a full blown stock market crash. CNBC's Eunice Yoon reports.
*Oil sinks 5 percent on worries over Greece, China, Iran. SAN FRANCISCO, July 6- Equity markets around the world fell on Monday and U.S. oil prices slumped 5 percent after Greece overwhelmingly voted against conditions for a rescue package and on unprecedented measures in China to staunch massive recent losses in its stock markets. Wall Street trimmed earlier...
Ed Yardeni, Yardeni Research Pres., discusses the resiliency of U.S. markets and the world economy.
"Clearly there is a strong voice in the Chinese state today that celebrates authoritarianism," says an author and former China resident.
LONDON, July 6- Copper hit a five-month low on Monday after Greece edged closer to leaving the euro zone and top copper consumer China rolled out emergency measures to halt the stock market's slide but the metal saw no signs of panic selling. There was some hope in markets though after the International Monetary Fund said it ready to assist Greece if asked.
Ian Bremmer, Eurasia Group President, discusses China and Chinese investors.
Tim Edwards, senior director of index investment strategy at S&P Dow Jones Indices, discusses prospects for European equities following last weekend's Greek bailout referendum.
Chinese stocks continue their gut-wrenching slide. But could this be a serious buying opportunity?
NEW YORK- Aetna Inc Chief Executive Officer Mark Bertolini says he is confident that an antitrust review of its proposed purchase of Humana Inc will allow the deal to close in the second half of 2016, seeking to allay investor concerns of significant regulatory hurdles. ATHENS/ FRANKFURT- Greece's outspoken finance minister resigns, removing a major obstacle...
Insight to heavy selling in China's market, and the emergency measures to stop the selloff, with CNBC's Susan Li.
HONG KONG, July 6- China Financial Futures Exchange said on Monday it would limit daily trading in the CSI 500 index futures, and would also strengthen supervision over the use of index futures in hedging to calm the volatile market. Daily bets on the CSI 500 index futures, which tracks the CSI 500 index of China's small cap firms, will be limited to 1,200 contracts,...
*Russia to host BRICS summit in city of Ufa. *Putin sees chance to show Russia not isolated. At a meeting in the remote Russian city of Ufa, originally a fortress built on the orders of Tsar Ivan the Terrible, Brazil, Russia, India, China and South Africa also aim to put the last touches to a $100- billion contingency currency reserves pool.
*China stocks surge at opening, close up 2-3 pct. In an extraordinary weekend of policy moves, brokerages and fund managers vowed to buy massive amounts of stocks, helped by China's state-backed margin finance company, which in turn would be aided by a direct line of liquidity from the central bank. Oliver Barron, China policy research analyst at NSBO, said it wasn't...
HARARE, Zimbabwe— Twenty elephants exported to China would be "better off" in Chinese zoos rather than struggling wildlife parks in Zimbabwe, the southern African nation's minister in charge of wildlife said on Monday, dismissing protests from animal rights groups. Zimbabwe's national parks are overpopulated and the Zimbabwe National Parks and Wildlife...
Here's why some of the biggest U.S. investors, including and Bill Gross, have China at the top of their worry lists.