Organizers claimed that nearly 2 million Hong Kong protesters took to the streets Sunday in a rally to demand the city's top official resign a day after she suspended — but...China Politicsread more
African swine fever, which has already ravaged pig herds in China and pushed up food prices there, could also drive up inflation in the other emerging markets, according to...Asia Economyread more
Consumer goods giant Unilever has taken the unusual step of having some of its marketing staff read their own DNA profiles to see whether finding out about their heritage has...Marketing.Media.Moneyread more
Stocks in Asia were mixed on Monday as investors await a U.S. Federal Reserve meeting set to happen later in the week stateside.Asia Marketsread more
In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
Heavy rains caused unprecedented delays in planting this year and contributed to record floods across the central United States.Agricultureread more
Target's registers were down on Saturday for several hours preventing customers from checking out.Retailread more
Although Cook did not mention companies by name, his commencement speech in Silicon Valley's backyard mentioned data breaches, privacy violations, and even made reference to...Technologyread more
U.S. ambassador to Israel David Friedman called the gesture a "birthday present" to Trump, who turned 73 on Friday.Politicsread more
The outlook for Germany's economy and political stability are more uncertain than ever, writes Michael Ivanovitch.World Economyread more
The agreement, which is on the framework for the plan of adjustment, provide for more than a 60% average haircut for all $35 billion, a 36% haircut on pre-2012 general...Bondsread more
The answer to how Greece will end its third bailout program is linked to how much debt relief it wants, the managing director of the European bailout fund told CNBC.
Greece is due to finish its third bailout about four months from now, and markets have been looking for clues on how that process will play out. Some European and Greek institutions argue that Athens should ask for an additional cash buffer, but the Greek government is against that. Greece wants to be back on its own feet by accessing financial markets to finance itself — a process described as a "clean exit."
Speaking to CNBC on Thursday, Klaus Regling, managing director of the European Stability Mechanism, said that "it doesn't seem necessary" for Greece to request additional money, as long as the government continues reforming.
"Markets are watching [Greece] very carefully, but if they do [continue with reforms] I think Greece can have a clean exit in August and return to the markets," he said.
However, he warned that international institutions, which will continue tracking the progress of the country even after the program ends, could be visiting Athens more often than what's usual in this situation.
European institutions perform monitoring missions twice a year in countries that have ended a program, but for Greece that could be three or four times in one year. The presence of the international creditors is always hard to communicate to the Greek people, who have been under such surveillance since 2010.
"If Greece wants additional debt relief then this surveillance will be enhanced. It will probably be a bit tighter and more comprehensive than what we do in other countries," Regling said.
Nonetheless, Greece and the European creditors still don't know if the International Monetary Fund will be giving money to Athens. The IMF will only agree to disburse some funds once it is satisfied with the debt relief that Europe will provide to Greece — but that's still being decided.
Regling said he recognizes that with only four months to go until the program ends, Europe and the IMF are "running a bit out of time." He stressed the importance of having the IMF fully on board to give credibility to the program, not only to the European electorate but also to the markets.
European regulators will soon be publishing the results of stress tests to the Greek banks.
Regling told CNBC that the current concern seen in the markets over higher inflation and higher interest rates is a U.S.-only trend and unlikely to hurt Greek banks.
"In Europe we haven't had volatility," he said. "The situation is quite different."
"I don't see any impact in Greece, for instance," he said, noting that Greek interest rates in the secondary market have been stable.