Insights

Canada's dollar fell sharply against the U.S. currency on Tuesday as investors steered away from risk on jitters about Greece's aid package, rattling oil and equity markets says Reuters. U.S. stock index futures pointed to a weaker open on...

The chief economist  of a German bank is quoted as saying that he doubts Greece's ability to repay its huge debts in an orderly fashion, reports the Associated Press. German news website Handelsblatt on Sunday reported that the...

Euro nations Sunday revealed an aid package worth 30 billion euros this year alone for debt-ridden Greece , unfurling a massive safety net designed to restore confidence in the single currency reports AFP. Finance ministers from the 16...

Greece's Finance Minister says it is only a matter of days before the debt-ridden country can start receiving money from the eurozone-IMF financial rescue plan says AP. George Papaconstantinou says "several days will pass before money...

 Greece may miss its target for privatization revenues next year because of the worsening economic climate in Europe, the head of the agency responsible for selling state assets said in an interview to be published on Sunday ap reports....

It came as no surprise, but Fitch Ratings knocked Greece’s credit rating a few notches lower Wednesday to C, from CCC, The ratings agency said the planned 53.5% haircut on the face value of the country’s bonds will “constitute a...

Greece's credit rating was cut to the lowest level by Moody’s Investors Service after the country began the biggest sovereign debt restructuring ever. Greece’s long-term foreign currency debt was downgraded to C from Ca late...

 Greece suffered another sovereign downgrade on Wednesday, when the Fitch agency slashed its credit worthiness by three notches further into junk status and only one grade above default. The agency cut Greece's rating from B+ to CCC,...