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  • SYDNEY- Reserve Bank of Australia holds interest rate meeting- 0430 GMT. PARIS- Bank of France Governor Christian Noyer is due to speak about EU capital markets union at a financial sector conference- 0700 GMT. FRANKFURT- German's Bundesbank Board member Joachim Nagel to speak on "Asset Management of Public Pension Funds"- 1400 GMT.

  • WASHINGTON, July 6- The largest Wall Street banks on Monday published detailed manuals of how to shut down their business during a crisis without the help of taxpayer money, a crucial step to prevent being broken up by regulators. "Our would effectively resolve the firm within a reasonable timeframe, without systemic disruption, without extraordinary...

  • *Decision keeps pressure on Athens. FRANKFURT/ ATHENS, July 6- The European Central Bank kept a tight funding grip on Greece's banks on Monday in a move that will see the country's shuttered lenders run out of cash soon. The measure ensures that Greek banks must stay closed for the time being and keeps pressure on Prime Minister Alexis Tsipras a day ahead of a meeting...

  • ATHENS, July 6- The ECB demanded an increase of around 10 percent on some Greek bank collateral offered for emergency funding although the overall impact of the change is set to be limited, a Greek banking source said on Monday. "The haircut increase on part of the collateral pool was about 10 percent... but it does not create any problems for any banks," said the source.

  • ATHENS/ LONDON, July 6- At least three companies in Greece including its biggest electronic appliances chain have paid staff in cash, after the country imposed limits on withdrawals from banks last week in an bid to ward off a possible collapse of its banking system. The moves by Greece's Kotsovolos, a unit of Britain's Dixons Carphone, and another two companies...

  • ATHENS, Greece— Greek defense minister: 5 parties to sign declaration backing PM Tsipras in negotiations.

  • ATHENS, Greece— The latest on the bailout referendum in Greece:. Greek Finance Minister Yanis Varoufakis has resigned, saying he was told shortly after the Greek referendum result that the other eurozone finance ministers and Greece's other creditors would prefer he not attend the ministers' meetings. The president of the eurozone finance ministers' group,...

  • HONG KONG, July 6- Malaysia's economy, its banking system and government finances are not under systemic risk from developments at state fund 1 MDB, rating agency Moody's said on Monday. A Wall Street Journal report on Friday said investigators had traced nearly $700 million to bank accounts they believed belonged to Prime Minister Najib Razak.

  • LONDON, July 6- Foreign exchange markets reserved judgment on Greece's place in the euro and the overall solidity of the common currency project on Monday, prodding the euro just over half a cent lower after Greeks voted' No' to further austerity. The euro had sunk below $1.10 in initial trade in Asia after a vote that a number of major banks said made a' Grexit' the most...

  • Shares of some state companies including PetroChina Ltd., Asia's biggest oil producer, and China's four major state-owned commercial banks rose by close to 10 percent. Trading of almost 900 other companies— out of a total of 2,802 on exchanges in Shanghai and the southern city of Shenzhen— fell by the maximum 10 percent daily limit permitted by regulators,...

  • Greece's banks could run out of cash within days and the European Central Bank's decision about whether to extend emergency liquidity will be crucial. Banks across Europe were hit by the threat that Greece's problems could spill over to other countries and derail an economic recovery, especially in other peripheral euro zone countries.

  • LONDON, July 6- Foreign exchange markets reserved judgment on Greece's place in the euro and the overall solidity of the common currency project on Monday, prodding the euro less than half a percent lower after Greeks voted' No' to further austerity. The euro had sunk below $1.10 in initial trade in Asia after a vote that a number of major banks said made a' Grexit' the...

  • SHANGHAI, July 6- China's yuan edged lower for the fourth consecutive session on Monday after the central bank set a weaker official guidance rate. Traders said the currency market was largely unaffected by Beijing's unprecedented moves over the weekend to prevent China's stock market from a full-blown collapse. In an extraordinary weekend of policy moves,...

  • FRANKFURT, July 5- The European Central Bank is likely to maintain emergency funding for Greek banks at its current restricted level, people familiar with the matter said on Sunday, a move that will see lenders run out of cash soon. Although a final decision has yet to be taken and the matter will be the subject of debate when ECB policy setters talk on Monday, they are...

  • NEW YORK, July 5- The overwhelming Greek rejection of a bailout is likely to boost market uncertainly, weaken the euro and trigger a stocks selloff in the near term as investors assess how the European Central Bank works to stop contagion spreading from Greece. Greece faces a July 20 deadline to repay the ECB a 3.5 billion euro bond. The reaction on financial...

  • *JPMorgan says Grexit now more likely than not. Many economists, including those at U.S. banking giant JPMorgan, reckon the outcome of Sunday's referendum will probably hasten Greece's exit from the euro. "Although the situation is fluid, at this point Greek exit from the euro appears more likely than not," JPMorgan's Malcolm Barr told clients on Sunday evening,...

  • FRANKFURT, July 5- European Central Bank policy setters are likely to maintain emergency funding for Greek banks at its current restricted level, people familiar with the matter said on Sunday, following Greece's rejection in a referendum of bailout conditions. Such a move would give Greek banks little time before they use up all of the roughly 89 billion euros...

  • MOSCOW, July 5- The Russian central bank said on Sunday that the Greek debt crisis did not pose a threat to the Russian banking system, TASS news agency reported, citing a statement from the central bank's press service. The central bank also said the size of Russian banks' assets in Greece as of April 1 this year was around $14 million. "The size of the direct...

  • The central bank set a cutoff rate of 7.73 Egyptian pounds per dollar in an auction that sold $39.6 million on Sunday, compared to a previous low of 7.63 on Thursday. "It's welcome to have, within the current context, a weaker pound because the economy is shifting toward a growth mode so one of the key ways to push this growth forward is through foreign exchange," said...

  • Day of reckoning for Greek banks and the ECB Sunday, 5 Jul 2015 | 8:08 AM ET
    A woman talks to a police officer as she waits outside a national Bank branch, as banks only opened for pensioners to allow them to get their pensions, with a limit of 120 euros.

    No matter which way the Greek vote goes, the European Central Bank on Monday will face a series of agonizing decisions.

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