Nervous investors bought ultra-safe U.S. government bonds, pulling the yield on the 10-year Treasury note down to 2.32 percent from 2.39 percent late Friday. Weekend negotiations on Greece's bailout terms produced no breakthroughs and Greek officials and creditors remained far apart as a deadline for a debt payment nears. Greek leaders want to get access to the final 7.2 billion euros ($8.2 billion) of their bailout program that's needed to repay debts and avoid a possible default that could trigger an exit from the euro; the bailout package expires at the end of the month. THE QUOTE: "We have always argued that a Greek deal would only occur at one minute to midnight," Michael Every, Rabobank's head of Asia-Pacific financial market research, wrote in a commentary. The country's securities regulator issued draft rules Friday limiting the amount investors can borrow from brokerages for trading to four times their net capital, according to a report by the official Xinhua news agency. Authorities are clamping down as they try to prevent a crash in China's overheated stock markets, which have soared in the past year in a boom fueled partly by borrowed money. Benchmark U.S.
World Stocks Slip As Greek Debt Talks Falter
Business Heds Index, Seattle Post-Intelligencer: Business
Mon, 06/15/2015 - 7:27am
BING NEWS:
- Greek PM pledges pension, wage hikes by 2027, within budget limits
Greek Prime Minister Kyriakos Mitsotakis promised on Saturday to increase pensions, cut taxes and social security contributions, and increase the minimum wage in 2025, looking to support people ...
09/7/2024 - 8:49 am | View Link - Greek PM to unveil plan to boost pensions, spending power in major speech
Greek Prime Minister Kyriakos Mitsotakis is expected to unveil plans on Saturday to increase pensions, reduce social security contributions and improve public services in an effort to win back voters ...
09/5/2024 - 11:41 pm | View Link - More
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