As China's economic growth declines, some analysts say Beijing may have to spend more on infrastructure, adding to concerns about high debts.China Economyread more
U.S. President Donald Trump said Tuesday that Washington and Beijing have a long way to go on trade, adding that America could place tariffs on an additional $325 billion...Asia Marketsread more
"The charts, as interpreted by Carley Garner, suggest that the upside in the stock market has gotten more limited," Jim Cramer says.Mad Money with Jim Cramerread more
John Paul Stevens, who served on the Supreme Court for nearly 35 years and became its leading liberal, has died.Politicsread more
The largest U.S. banks are scrutinizing members of the Federal Reserve for any insight into how the central bank will tinker interest rates.Banksread more
The U.S. and China restarted their trade talks, but signs are showing a comprehensive deal could be a long way off, if it happens at all.Marketsread more
The WTO ruling recognized that the United States had proved that China used state-owned enterprises to subsidize and distort its economy. But the U.S. must accept Chinese...World Economyread more
Facebook's cryptocurrency project has already been met with skepticism from policymakers around the world.Technologyread more
Stone, 66, a notorious Republican political operative who has described himself as a "dirty trickster," had previously been dressed down by the judge for his public remarks...Politicsread more
Delta is gathering more data from customers than ever in hopes of avoiding customer service problems and increasing customer satisfaction, its CFO says.At Workread more
The Biden team's second-quarter Federal Election Commission filing shows that the campaign wrote a check of just over $5,300 on June 28 to Sheehan Associates for "strategic...2020 Electionsread more
Greece on Tuesday will submit a list of fiscal reforms to euro zone finance ministers, missing a Monday deadline that was part of its last-minute deal to extend its financial aid, Reuters reported, citing a government official.
The official did not provide a reason for the late submission, but said that the Eurogroup had agreed to accept the reforms on Tuesday. Finance ministers will receive the list Tuesday morning and a teleconference will take place in the afternoon, Reuters said.
Athens will include policies to fight tax evasion and corruption, as well as measures designed to cut bureaucracy and reform the public sector, Reuters said. Measures will also seek to stop the issuance of bad loans and the foreclosure of primary homes.
After signing a deal on Friday, Greece had been scrambling to put together reform proposals in an effort to secure a much-needed extension of its bailout. Greece's left-wing government, led by Prime Minister Alexis Tspiras, received a lifeline Friday when the Eurogroup of euro zone finance ministers agreed to extend the country's financial aid by four months.
Under that deal, Greece must present a list of reforms to be approved by the so-called "troika," comprising the European Central Bank, International Monetary Fund and European Commission. Euro zone member states will then need to ratify the bailout extension.
Some analysts said the reforms that the Greek government is likely to present may well clash with Germany's push for further fiscal measures to get Greece's budget deficit under control. Greece's debt is a 175 percent of its gross domestic product.
"Anything that Greece proposes today, no matter how ambitious, will be second guessed as far as Berlin is concerned," said Nicholas Spiro, managing director at Spiro Sovereign Strategy in London.
"The Greek government is determined to introduce genuine structural reforms and be more ambitious, while Germany is focused on the fiscal side."
The deal reached on Friday with euro zone negotiators buys Athens more time to secure a long-term deal.
While euro zone members Ireland and Portugal have exited bailouts, Greece still requires financial aid. To date, its bailout has totaled 240 billion euros ($272 billion).
This means that months of wrangling over Greece's bailout remain likely, analysts warned.
"Greece and the European authorities have bought themselves more time but I don't think this game is over yet," Huw Pill, chief European economist and co-head of the economics team at Goldman Sachs, told CNBC.
"We still have a few 'T's to cross and 'I's to dot. It's very likely that we will see an extension for four months and some flexibility on the fiscal side with a new program of reforms being developed."
He added that negotiation were likely to return to the headlines in the late spring or summer, as the current bill doesn't cover a number of large payments due in July and August.
--Reuters contributed to this report.