NEW YORK, July 1- The euro fell against the U.S. dollar on Wednesday after strong U.S. economic data raised expectations the Federal Reserve will hike rates in September, while a combative address from Greece's prime minister also weighed on the euro. The ADP National Employment Report showed 237,000 private-sector U.S. jobs were created in June, handily...» Read More
Arup Raha, chief economist at CIMB, says a Greek contagion is unlikely due to the ECB's massive bond-buying program and the fact that Europe had years to prepare for a "Grexit."
SYDNEY/ TOKYO, July 1- The euro slipped in Asia on Wednesday with Greece's fate still hanging in the balance after it became the first advanced economy to ever be in arrears to the International Monetary Fund. It has been choppy between $1.0955 and $1.1279 this week in reaction to ever-changing developments in Greece. The International Monetary Fund on Tuesday...
Josef Stadler, head of Global Ultra High Net Worth (UHNW) at UBS, says the ultra-wealthy around the world are not overly worried over Greece which has a limited contagion risk.
TOKYO, July 1- Japanese manufacturing activity barely expanded in June despite a strong pick-up in export demand, a private survey showed on Wednesday, adding to fears of a sharp slowdown in economic activity in the second quarter. The Nikkei/ Markit/ final Japan Manufacturing Purchasing Managers Index was 50.1 in June, higher than a preliminary reading of 49.9.
Thousands of people rallied in Athens on Tuesday in support of a bailout deal with the country's international creditors. CNBC's Julia Chatterley reports.
Tens of thousands of Greeks rallied in Athens as Greece defaulted on its 1.5 billion euro IMF repayment, fueling fears the country will exit the euro zone.
Markets are expecting the Greeks to vote "yes" in the July 5 referendum and even if a "no" vote materializes, the contagion will be under control, says Tim Seymour, CIO at Triogem Asset Management.
SYDNEY, July 1- The euro got off to a cautious start in Asia on Wednesday with Greece's fate still hanging in the balance after it became the first advanced economy to ever be in arrears to the International Monetary Fund. It has been choppy between $1.0955 and $1.1279 this week in reaction to ever-changing developments in Greece. The International Monetary Fund...
With or without a deal, Greece remains in a tough spot, says Austan Goolsbee, professor of Economics at University of Chicago's Booth School of Business.
David Rodriguez, quantitative strategist at DailyFX, advises investors to avoid the euro given the extreme uncertainty ahead of the July 5 referendum in Greece.
Steve Hanke, co-director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at The Johns Hopkins University in Baltimore, questions Greece's ability to hold a referendum on July 5.
WASHINGTON, June 30- The International Monetary Fund on Tuesday confirmed Greece had not made its 1.5 billion euro loan repayment to the Fund, making it the first advanced economy to ever be in arrears to the Fund. IMF spokesman Gerry Rice said Greece can now only receive further IMF funding once the arrears are cleared. Rice confirmed that Greece had asked for a...
Pete Benson, partner at Beacon Capital Management, explains whether the Greek crisis could change the Fed's timeline for raising interest rates.
But within a year from a sharp devaluation in early 2002 the country returned to economic growth- something that Greece must now crave, with its economy shrinking by more than 25 percent since 2009.. On Tuesday, German Chancellor Angela Merkel ruled out new negotiations with Greece until after it votes on a bailout proposal by creditors. That left Athens...
Stephanie Flaunders, JPMorgan chief market strategist, shares her forecast for the worst case scenario in the markets regarding Greece's debt crisis.
Greek officials confirmed that the country would not make their roughly 1.5 billion euro payment to the IMF due today.
Julian Robertson, Tiger Management founder, says in terms of the world, Greece is not an economic power, in discussing potential contagion if Greece leaves the euro zone, and investing in Europe.
Catherine Rampell, The Washington Post, discusses the potential fallout if Greece were to leave the euro zone.
Plenty of countries around the globe have debt issues besides Greece. Kevin Giddis, Raymond James, provides perspective.
CNBC's Michelle Caruso-Cabrera reports from Athens, where thousands gathered earlier saying they want Greeks to vote "yes" on the referendum Sunday.