Greek Prime Minister Alexis Tsipras reportedly told Germany's Angela Merkel he would submit proposals for a new deal on Tuesday.» Read More
Discussing the selloff in China's market, emergency measures there and the impact to the U.S. market, with Jay Bryson, Wells Fargo Securities, and Tom Lee, Fundstrat Advisors founder.
Reuters is reporting Greece plans to keep banks closed beyond Monday by at least a few more days, according to 4 banking sources. CNBC's Michelle Caruso-Cabrera provides insight to the updates from Athens.
Keep an eye on political negotiations in the next 48 hours, explains Elsa Lignos, RBC senior currency strategist, in discussing the action in the euro.
Titan Foods owner Costas Mastoras In Astoria, Queens, imports 85 percent of his store's products from Greece, but has not received a shipment in 2 weeks. CNBC's Kate Rogers reports.
The situation in Greece and Europe "is slipping out of the control of the politicians." Mohamed El-Erian says.
*Greece owes $3.5 bln bond payment to ECB on July 20. July 6- U.S. stocks were set to open lower on Monday after Greece rejected debt bailout terms, throwing the future of the country's euro zone membership into further doubt. A new bailout deal is needed for Greece to meet a July 20 deadline to repay $3.9 billion of bonds to the ECB.
CNBC's Michelle Caruso-Cabrera reports from Athens, where Greeks await to find out about ECB funding, an who will replace Finance Minister Varoufakis.
German Chancellor Angela Merkel is the "iron woman of Europe" and will take a principled position, former Dallas Fed President Richard Fisher says.
Discussing negotiations on Greece's debt, and the future for the economy there, with Mohamed El-Erian, Allianz Chief Economic Adviser and Former PIMCO CEO.
*German government says up to Greece to act to stay in euro. BERLIN, July 6- The German government signalled a tough line towards Greece on Monday, saying it saw no basis for new bailout negotiations and insisting it was up to Athens to move swiftly if it wanted to preserve its place in the euro zone. With opinion towards Greece hardening in Germany's ruling coalition...
LONDON, July 6- Greece leaving the euro zone has tipped over to become the base case for many international bank economists after Sunday's overwhelming' No' vote against further austerity imposed by creditors. A Reuters poll of more than 70 economists published a week ago, just before Greece defaulted on a 1.6 billion euro payment to the International Monetary...
*European partners say await new proposals from Greece. ATHENS/ FRANKFURT, July 6- Greece's outspoken finance minister resigned on Monday, removing a major obstacle to any deal to keep Athens in the euro zone after Greeks voted resoundingly to back the government in rejecting the austerity terms of a bailout. Yanis Varoufakis, an avowed "erratic Marxist"...
*Silver, platinum, palladium all decline. LONDON, July 6- Gold fell on Monday as a robust dollar outweighed the impact of lower equity markets and some retail demand after a Greek vote rejected the terms of a bailout package that could set Athens on a path out of the euro zone. Spot gold was down 0.3 percent at $1,163.50 an ounce by 0956 GMT, while U.S. gold futures were...
China rolled out emergency measures to stop the market selloff, and crude oil prices are lower after Greek citizens voted "no" in the referendum Sunday.
Greek voters rejected bailout terms, throwing the ball back to European leaders. Confrontational Finance Minister Yanis Varoufakis resigns to help the country reach a deal.
Adam Cole, head of currency strategy at RBC, discusses the euro/dollar moves after the latest news from Greece.
William Dartmouth, member of the European Parliament and Trade spokesman for UKIP, says that if Greece leaves the euro zone, other counties could follow suit.
Themis Themistocleous, CIO for EMEA at UBS, talks about the likelihood of a "Grexit" and what factors would induce this potential scenario.
Elena Panaritis, former World Bank economist, weighs in on what to expect next for Greece and why both the country and its creditors need to engage in talks.
ATHENS/ FRANKFURT, July 6- Greece's outspoken finance minister resigned on Monday, removing a major obstacle to any deal to keep Athens in the euro zone after Greeks voted resoundingly to back the government in rejecting the austerity terms of a bailout. Yanis Varoufakis, a self-proclaimed "erratic Marxist" economist who infuriated euro zone partners with his...