Greece has started negotiations with the International Monetary Fund over a plan to swap its sovereign debt for growth-linked bonds, Finance Minister Yanis Varoufakis said in an interview published on Wednesday.
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Fed rate hike expectations hit stocks, dollar holds firm
Stocks fell and the dollar held firm on Monday in the wake of forecast-beating U.S. jobs numbers that stoked expectations the Federal Reserve could raise interest rates sooner than previously thought.
Greece sends EU reform list, more hurdles before early cash
Greece sent its euro zone partners an augmented list of proposed reforms on Friday but EU officials said several more steps were required before any release of aid funds to a country that Prime Minister Alexis Tsipras says has a noose around its neck.
Euro zone Feb prices fall less than expected, unemployment down
Euro zone consumer prices fell by less than expected in February while unemployment eased in January for the third month in a row, offering signs that the risks of economic stagnation and deflation in the bloc are falling.
Asia edges up after China rate cut, euro sags
Asian stocks got off to a steady start on Monday as soft U.S. data was partially offset by a weekend interest rate cut by China, while the dollar hit a five-week high against the euro.
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German Chancellor Angela Merkel ruled out a debt writedown for Greece on Saturday, and a European Central Bank policymaker threatened to cut off funding to Greek banks if Athens does not agree to renew its bailout package.
After the surprises from central banks which rocked markets at the start of the year, the U.S. Federal Reserve will be watched as closely as ever this week to see that it doesn't stray from its own policy path.
National governments in the euro zone need to redouble their reform efforts to create a "genuine" economic union, ECB Mario Draghi wrote in a German magazine published on Saturday after the European Central Bank's bond-buying programme was unveiled.
The Federal Reserve could be key for Wall Street next week as investors get to hear from the U.S. central bank for the first time since a series of moves by its global peers, including the European Central Bank's massive stimulus plan.
The Swiss currency shock has raised an awkward question many investors have been fearful of asking - what if central banks become as unpredictable and fallible as they are powerful?
Oil prices fell in early Asian trade on Monday, with markets expecting gloomy Chinese economic data to be published this week.
German Chancellor Angela Merkel met with European Central Bank President Mario Draghi on Wednesday, a government spokesman said, ahead of a key ECB meeting at which the bank is poised to announce a scheme to print fresh money to buy state bonds.
Asian stocks rose on Thursday after upbeat U.S. employment data and a halt to a slide in oil tempered investor risk aversion, while the euro held near a nine-year low.
The euro hit a nine-year trough on Wednesday as collapsing oil prices and worries about the world economy drove skittish investors into the arms of safe-haven sovereign debt.
