The euro has been like a brick: You can throw it, just not very far. But that's only temporary, Goldman says, tipping near-parity with the dollar.» Read More
*Any promise from China of symbolic importance. BRUSSELS, June 29- China seeks a fair, global system to tackle climate change and will deliver its pledge to the United Nations by the end of Tuesday on how much it will cut emissions, Chinese Premier Li Keqiang said after talks with top European Union officials. Once China, the world's biggest emitter, has submitted its...
June 29- Bill Gross of Janus Capital Group Inc tweeted on Monday that reparations and austerity for Greece will be costly for the European Union. Reparations and austerity for Greece will cost the EU big-time, "he wrote. In a later tweet, Gross said: " Greece's $400- 500 billion in debt is significant, but so is Puerto Rico's $70 billion because it's owed to the private...
Thirteen prominent economists from around the world call on Greece to sign a credible agreement with the Europeans now.
*China to make investment, climate pledges. *China says not dropping its euro zone bond holdings. BRUSSELS/ BEIJING, June 29- China promised the European Union on Monday it would hold on to its euro zone debt, Chinese state media reported, saying the Greek debt crisis was Beijing's problem too.
U.S. stock index futures fell sharply on Monday, tracking European and Asian markets downwards, as the Greek crisis entered a new chapter after the instigation of capital controls.
BRUSSELS, June 29- EU chief executive Jean-Claude Juncker urged Greeks on Monday to back a cash-for-reform package rejected by their government, saying a' no' vote in Sunday's referendum would mean Greece was turning its back on the European Union. "The whole planet would consider a Greek' no' to the question posed... as meaning that Greece wants to distance itself...
The deteriorating situation in Greece could get much worse, says billionaire Wilbur Ross—a view echoed by Robert Hormats, former Goldman Sachs International vice chairman.
BERLIN, June 29- Europe has China's backing in dealing with the Greek debt crisis and China wants to see Europe flourish, the European Union united and a strong euro as that is in Beijing's interests, Chinese Premier Li Keqiang said in a newspaper interview.
There is no way Greece can repay the IMF on June 30, says Megan Greene, MD & chief economist at Manulife Asset Management. Even if there was a deal, there wouldn't be enough time to get it approved by euro zone parliaments, she adds.
Mohammad Hassan, senior analyst at EurekaHedge, explains why the developments in Greece's debt talks are making hedge fund investors nervous.
A selloff in European stocks on Monday will offer a buying opportunity, says Simon Smiles, chief investment officer for Ultra High Net Worth division at UBS Wealth Management.
Neeraj Seth, head of Asian Credit at BlackRock, expects the July 5 referendum in Greece to receive a "yes" vote and bring the debt talks back to square one.
Hung Tran, executive managing director of the Institute of International Finance, outlines the possible developments in Greece after talks with its creditors entered a "new and dangerous stage."
Speaking to CNBC in Brussels, Christine Lagarde, managing director of International Monetary Fund, says Greece will not receive further aid until it makes a payment due to the IMF on June 30.
Mikio Kumada, executive director & global strategist at LGT Capital Partners, says Asian markets remain on an uptrend and describes Monday's selloff as a knee-jerk reaction to Greece's developments.
Ivan Szpakowski, commodities strategist at Citi, says Greece's debt crisis will help to push the price of gold above $1,200 an ounce.
CNBC's Julia Chatterley asks Christine Lagarde, managing director of International Monetary Fund, whether the IMF is willing to be flexible with the reforms Athens has proposed to its creditors.
Kumar Palghat, managing director of Kapstream Capital, attributes the selloff in Asia to worries that Greece will cause a contagion through the act of default.
Vasu Menon, vice president of OCBC Wealth Management, says the situation in Greece isn't as dire as it seems and advises investors to look beyond the downbeat sentiment.
Jeff Carbone, founder & senior partner at Cornerstone Financial Partners, expects a tough week ahead with Greece being the primary focus for U.S. markets.