Euro zone sets emergency summit on Greece as money flees
Euro zone leaders will hold an emergency summit on Monday to try to avert a Greek default after bank withdrawals accelerated and government revenue slumped as Athens and its international creditors remain deadlocked over a debt deal.
Investors too relaxed on 'Grexit' risk, some fund managers warn
Tom Sowanick, a three-decade veteran of the investment business, returned from a trip to Greece this week with a "very sobering view" of its debt crisis: he now expects the country to default on its obligations and leave the euro zone.
U.S. tech firm Cisco to invest $10 billion in China expansion
Cisco (CSCO.O) plans to invest more than $10 billion in China along with local business partners over the next several years, the U.S. network equipment maker said on Wednesday, as it seeks to shore up its position against strong domestic rivals.
Russia, Germany call for swift end to fighting in east Ukraine
The foreign ministers of Russia and Germany spoke on Wednesday and agreed on the importance of ending fighting in eastern Ukraine immediately, Russia's foreign ministry said.
Energy and medicine top import risk list as Greece teeters
Imports of energy and life-saving medicines top the list of products in jeopardy if Greece defaults on its debt and moves closer to exiting the euro zone.
China says about to finish some land reclamation in South China Sea
China will soon complete some of its land reclamation on the Spratly islands in the disputed South China Sea, the Foreign Ministry said on Tuesday, indicating that Beijing is close to setting up new outposts in the maritime heart of Southeast Asia.
Putin says Russia beefing up nuclear arsenal, NATO denounces 'saber-rattling'
President Vladimir Putin said on Tuesday Russia would add more than 40 new intercontinental ballistic missiles (ICBM) to its nuclear arsenal this year, prompting NATO's chief to accuse Moscow of dangerous "saber-rattling".
China to extend economic diplomacy to EU infrastructure fund
China will pledge a multi-billion dollar investment in Europe's new infrastructure fund at a summit on June 29 in Brussels, according to a draft communique seen by Reuters - Beijing's latest round of chequebook diplomacy to win greater influence.
|
