Around 80 investors in failed lender Xinhehui protested outside the Hangzhou headquarters of a Meidu Energy Corp. on January 22th 2019. The investors voiced their fury to put pressure on the company to pay off […]
Greece: EU and Greek negotiators said they are “close to common ground” on how to end a standoff over the next phase of the Greek bailout and release funds the country needs to make bond […]
Both houses of the Italian parliament swiftly approved the government’s proposal to pump €20 billion into troubled banks (bank bailout). The votes came just hours after Monte dei Paschi di Siena said it will run […]
The Federal Reserve has told banks to accept additional funding costs of as much as $2 billion annually as it introduces a rule to protect the financial system. The rule for total loss-absorbing capacity aims […]
The International Monetary Fund responded to Egypt’s adoption of reforms by approving a $12 billion bailout package to restore stability and stimulate economic growth. The IMF’s first action was to release $2.75 billion to the […]
China’s Finance Ministry has directly rejected any “implicit support” for the debt obligations of entities with regional government relationships. The ministry said the debt of enterprises, including financing vehicles, owed to local governments “is not […]
Progress on the second review of Greece’s bailout is “showing signs of being extremely positive,” said Pierre Moscovici, chief of economic affairs at the European Commission. A broad agreement could be reached by year-end, he […]
Greek Prime Minister Alexis Tsipras has tasked his ministers with completing labor reforms and fiscal changes required under the country’s second bailout from the EU and the International Monetary Fund before Dec. 5 debt-relief talks. […]
The eurozone won’t release additional bailout money for Greece at a meeting in Bratislava this month, sources told Germany’s Handelsblatt Global. According to EU diplomats, Athens has only implemented two of 15 political reforms that […]
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