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International Organizations IMF

  • Dennis Gartman

    Greece's purported deal with its creditors will only last until a new government takes over following the spring elections, hedge fund manager Dennis Gartman said Tuesday.

  • Greece

    The agreement by private sector holders of Greek government debt to take losses of 53.5 percent as part of the 130 billion euros ($172 billion) second bailout will actually see real losses of more than 70 percent, Charles Dallara, managing director of the Institute of International Finance told CNBC.

  • Tokyo stock screens

    Japan’s trade deficit surged to a record high in January underscoring the grim outlook for the world’s third largest economy. However, equity strategists believe the weak economic data will compel the Bank of Japan to further expand its asset purchase program, offering a boost to the country’s undervalued stocks.

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    Greece’s second bailout deal is expected to finally be sealed later Monday at a meeting of the Eurogroup of euro zone finance ministers, but the troubles of the heavily indebted Mediterranean country will stay on the markets' agenda, analysts believe.

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    European finance ministers are set to decide by Monday whether to give a new loans to Greece. But if you want to improve Greece’s debt-to-GDP ratio, don’t give them any more debt.

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    Yet another week has gone by without a final resolution of the terms of Greece’s second bailout deal within two years.

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    If the World Bank is correct, 2012 will see the second slowest year of global economic growth in a decade, at a level consistent with a world recession that, like the 2008/2009 financial crisis, would not spare Asia.

  • Journalists accused of writing in support of Greece's austerity measures have recently become targeted by protesters.

    "We are facing destruction. Our country, our home, has become ripe for burning, the center of Athens is in flames. We cannot allow populism to burn our country down," one  lawmaker told parliament as protesters took their rage to the streets.

  • Greek protesters threw stones and firebombs at riot police who responded with tear gas in Athens on February 10 as clashes erupted on the sidelines of a protest against new austerity cuts.

    After appearing to be resolved, Greece's bailout is unraveling again. Renewed fears of a Greek default sparked a broad selloff in financial markets Friday.

  • Demonstrators shout slogans during a protest against plans for new austerity measures on October 19, 2011 in Athens, Greece.

    For all the struggles that Greece has gone through to satisfy its demanding lenders, Europe’s troubles are not going away, the New York Times reports.

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    Greek political leaders said they had clinched a deal on economic reforms and spending cuts needed to secure a second bailout, but euro zone finance ministers demanded more measures and a parliamentary seal of approval before providing the aid.

  • The Parthenon in Greece

    Greek political leaders failed early on Thursday to sign off on a tough reform and austerity program, the price of a new international bailout for the nation, but Prime Minister Lucas Papademos said they would try to strike a deal within hours.

  • Greek Parliament

    The euro is rallying on fresh hopes that Greek politicians can agree to austerity measures that could secure them a much-needed second bailout from their euro zone peers.

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    Greece’s leaders and representatives of the troika responsible for its bailout failed yet again to reach agreement on the terms of a second bailout by Tuesday morning leaving European markets facing another day’s uncertainty over the Mediterranean country.

  • The Parthenon in Greece

    The situation in Greece went seriously weird this morning, when European Union officials and Greek officials couldn’t seem to agree whether Greece had missed a deadline to agree to austerity measures required to secure another rescue package.

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    Down to the wire again in Greece, and the dollar looks like a refuge - it's time for your FX Fix.

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    There have been almost as many new acronyms slipping into business news as there have been euro zone summits in recent months.

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    Crisis talks on a debt deal for Greece among the three leaders of parties supporting the coalition government were suspended and will continue Monday.

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    Euro zone and U.S. growth rates will probably diverge this year, with the euro zone contracting while U.S. growth accelerates, but U.S growth will be similar to that in the euro zone next year, Legal & General Investment Management said in a new report.

  • Global Markets Update: The Bull Run in Gold Continues

    U.S. markets lose early gains after a surprise drop in consumer confidence. Homebuilders are down today after home prices fall again. RadioShack shares plunge after the company severely lowers its Q4 forecast. And the bull run in gold appears to remain intact.