Regions
Greece faces resistance to extra emergency funds for banks
The European Central Bank faces resistance from Germany to allowing any extra emergency lending for Greek banks, people familiar with the matter said, increasing pressure on Athens to sign up to an extended aid-for-reform program.
Euro supported by hopes for Greek debt deal; yen awaits Kuroda
The euro held steady on Wednesday, finding some support as investors held on to hopes that Greece will find enough common ground with its euro zone partners and avoid a chaotic exit from the currency union.
U.S. hedge funds unload Alibaba shares in fourth quarter
Several of the biggest hedge fund managers slashed or dissolved their stake in China's Alibaba Group Holding Ltd at the end of last year, taking a prescient bet ahead of the company's surprise revenue miss last quarter that sent shares plunging in late January.
BOJ sticks to stimulus plan, is upbeat on output despite weak rebound from recession
The Bank of Japan maintained its massive asset buying stimulus spree on Wednesday and revised up its view on exports and output, even as data showing only a feeble recovery from recession tempers its optimism.