Economy News

Greece ‘No vote means 70-80% chance of a Grexit

Shares across Europe fell by almost 2% on 6 July after Greeks overwhelmingly rejected conditions of a rescue package from its creditors.

Jul 6, 2015

Grexit, banking collapse or a new EU deal: What next for Greece in 90 seconds

IBTimes UK explains what impact could a No vote have on both Greece and Europe

Jul 6, 2015

Government Monitoring Greece Crisis; Says It May Hit India Indirectly

Chief Economic Advisor Arvind Subramanian said Greece Crisis is a "drama which is going to play out for sometime".

Jul 6, 2015

Greece voters give a resounding No to creditors austerity plans

Eurozone leaders have had to learn a new Greek word – Oxi, meaning No – after the countrys voters delivered a resounding snub to its creditors cash-for-reforms bailout proposals.

Jul 6, 2015

Summer Budget 2015: Follow IBTimes UK for coverage throughout the day

Follow IBTimes UK for all the coverage of George Osbornes summer budget 2015

Jul 6, 2015

European Parliament President Martin Schulz doubts Greek banks will reopen

European Parliament President Martin Schulz cast doubt over Greek government promises to reopen banks in the next few days.

Jul 6, 2015

Greece Crisis: PM Tsipras Urges People to Spurn Tough Terms of Aid Deal

Prime Minister Alexis Tsipras urged people to spurn the tough terms of an aid deal offered by international creditors to keep the country afloat.

Jul 4, 2015

Greece Referendum: How a 'No' Vote can Impact India

Indian markets are also expected to feel the heat even though country's direct exposure to Greece crisis is limited, says BoAML.

Jul 3, 2015

Greece referendum: What a Yes or No vote would mean for Europe

IBTimes UK explains what impact a Yes or No vote would have on Greece and Europe.

Jul 3, 2015

Cost Incurred to Print One-Rupee Note Exceeds its Value by 14 Paise

Printing of one-rupee notes, which was stopped in 1994, was recently resumed.

Jul 2, 2015

Fitch Cuts India's Growth Forecast to 7.8% in FY16

The rating agency said reforms can push gross domestic product (GDP) growth higher only when they see "actual implementation".

Jul 2, 2015

Azerbaijan: Luxury spa offers crude oil baths to its customers

Energy rich nation offers baths in Naftalan oil, which is said to have healing properties.

Jul 2, 2015

India's Exposure to Greece Crisis 'Very Limited': RBI Governor Raghuram Rajan

Rajan said that the country has sufficient foreign exchange reserves to contain uncertainty of the ongoing Greek crisis.

Jul 2, 2015

PM Alexis Tsipras Urges Greeks to Reject Bailout Deal

After writing a conciliatory letter to creditors asking for a new bailout, Tsipras abruptly switched back into combative mode in a television address.

Jul 2, 2015