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1 July, 2015 12:53 AM Oil prices drop after Greece defaults on IMF payment

SINGAPORE Oil prices fell in early trading on Wednesday after Greece became the first developed economy to default on a loan with the International Monetary Fund. Greece, as expected, was not able to repay 1.6 billion euros it owed to the IMF, in what was the largest missed payment in the Fund's history. Greece's default pushed up the dollar versus the euro EUR= .DXY, with the stronger 12

30 June, 2015 7:52 PM Ruling parties sweep by-elections

But BJP increases vote share in Tripura, Kerala Tamil Nadu Chief Minister Jayalalithaa’s record victory from the RK Nagar seat in Chennai was the most notable among the six by-election results declared on Tuesday. In all five States where elections were held, the ruling party candidates emerged victorious. In another notable trend, the Bharatiya Janata 10

30 June, 2015 6:40 PM Petrol price cut by 31 paise, diesel 71 paise

Petrol prices were on Tuesday cut by 31 paise per litre and diesel by 71 paise a litre in line with fall in international oil rates and rupee appreciation. The cut in petrol prices comes on back of three successive increases since May, while this is the second reduction in diesel rates this month. Petrol in Delhi will cost Rs 66.62 per litre from Wednesday 11

30 June, 2015 8:51 AM Crunch Time for Greece as IMF Debt Looms and Bailout Ends

ATHENS, Greece — It's crunch time for Greece, with the European part of its international bailout expiring Tuesday and with it any possible access to the remaining rescue loans it contains that it needs to pay its debts. As a result, the government is unlikely to repay a roughly 1.6 billion-euro ($1.87 billion) debt to the International Monetary Fund due Tuesday 23

30 June, 2015 5:10 AM The next act: What happens now in Greece's drama

Out of money, cut off by its creditors, its banks shut, the struggling country will vote Sunday on whether to accept painful cutbacks in return for desperately needed financing. Between now and then Greece remains suspended between collapse and an uncertain rescue, between membership in the 19-member euro club and the possibility of a humiliating exit. A: On Tuesday 104 2

30 June, 2015 4:52 AM Sensex, Nifty consolidate ahead of Greece bailout deadline

The 30-share BSE Sensex rose 19.59 points to 27664.74 and the Nifty gained 10.45 points at 8328.85. Nearly two shares advanced for every share declining on the Bombay Stock Exchange. Pharma stocks are in focus. Sun Pharmaceutical Industries rallied 2.5 percent intraday as brokerage Credit Suisse said the drug maker has taken price increases in six of Ranbaxy's 15

30 June, 2015 2:17 AM How Grexit will transform the fate of Greece and Europe

As it turns out, the Greek crisis ends not with a bang, but with a referendum. It has been easy to ignore the doings in Greece for the past few years, with the perpetual series of summits in Brussels that never seem to resolve anything. But it's time to pay attention. These next few days are shaping up to become a transformational moment in the 60-year 35 1

30 June, 2015 12:33 AM Next World Cup will be a 10-team event: ICC chairman

Did ICC Chairman N. Srinivasan feel that Test cricket was under threat? The crowds for the longer and the most respected form of the game have been dwindling in several parts of the world. Mr. Srinivasan answered, “It is difficult to say if Test cricket is losing support. In many countries, Test cricket is quite popular while there has been a low turn-out 20

29 June, 2015 8:24 PM Greek Premier’s Referendum Call Tests His Power and Conviction

ATHENS — As Friday night became Saturday morning, with sidewalk cafes still bustling in central Athens, Prime Minister Alexis Tsipras abruptly appeared on national television. Mr. Tsipras, only 40, had spent his five months in office locked in increasingly acrimonious negotiations with Greece’s creditors. Belittled by critics, and facing the prospect 30

29 June, 2015 4:55 PM Europe’s bankers press pause not panic over Greece crisis

Greece's deepening debt crisis prompted bankers to pause, not panic, on Monday, and though markets dropped sharply they held above previous crisis lows. Greece’s deepening debt crisis prompted bankers to pause, not panic, on Monday, and though markets dropped sharply they held above previous crisis lows. Euro zone stocks remained well ahead of where 168