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International News

Greece depletes emergency reserves at IMF for debt payment
Greece emptied an emergency IMF holding account to repay €750-million ($839-million) due to the international lender, a Greek central bank official said, avoiding default but underscoring the dire state of the country’s finances.
Posted on 5-12-2015 at 3:00 PM
China rate cut leaked ahead of announcement
More than two hours before China cut its interest rates on Sunday afternoon, the financially sensitive information was making its rounds among users of China’s popular social messaging app WeChat.
Posted on 5-11-2015 at 7:56 AM
Chinese rate cut: Goldman Sachs sees rebound as history repeats itself
As gloom gathered over China’s economic outlook in March last year, Goldman Sachs Group Inc. economist Song Yu declared growth likely had “troughed” and a rebound would follow. The top forecaster on China’s economy was proven right, and sees a repeat this year.
Posted on 5-10-2015 at 8:01 PM
The $364B real estate threat inside China’s biggest banks
Fitch Ratings has called real estate the “biggest threat” to Chinese banks as surging loans tied to properties coincide with defaults and falling sales.
Posted on 5-08-2015 at 4:14 PM
Britain braces for battle over Europe after surprise Cameron win
David Cameron persuaded U.K. voters to give him a second term as prime minister. Now he needs to persuade them to stay in the European Union.
Posted on 5-08-2015 at 7:18 AM
Greece defies euro zone on pension and labour reform as it runs out of cash
Greece defied its international creditors on Thursday by sticking to "red lines" on pension and labour market reforms and urging lenders to give ground, dimming prospects of progress next week towards securing desperately needed financial aid.
Posted on 5-07-2015 at 6:30 AM
Accused 'flash crash' trader tells UK court: 'I did nothing wrong'
The British trader fighting extradition to the United States on charges of having contributed to the 2010 "flash crash" on Wall Street told a London court on Wednesday he had done nothing wrong and was just good at his job.
Posted on 5-06-2015 at 8:29 AM
Brookfield Infrastructure in ‘very advanced’ talks for 7 assets
The potential acquisitions are in the transport, energy and communications industries.
Posted on 5-05-2015 at 12:50 PM

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