Bad Paper

Berlin decides that Athens will have to turn to the International Monetary Fund if it needs financial assistance to back its austerity programme, rather than to fellow members of the eurozone

Concerns about Greek indebtedness return, dragging the euro down and knocking equity markets from their recent highs

Package giant beats expectations and upgrades earnings outlook after ‘modest’ economic recovery fuels shipment growth

An Australian court has dismissed the investment bank’s claim for A$50.8m in fees from Consolidated Minerals, following a three-way takeover battle that drove up the miner’s market value

LONDON (Reuters) – World stocks slipped back from recent closing highs on Thursday and the euro fell half a percent against the dollar on worries about Greece not receiving European Union aid.

BEIJING (Reuters) – The United States kept up pressure on China on Thursday to let the yuan climb as Beijing disclosed it was sounding out exporters on whether they could cope with a stronger exchange rate.

HONG KONG (Reuters) – Asian stocks hovered near a two-month high on Thursday, with expectations for continued low global interest rates and modest inflation expected to support equity markets in the near term.

WASHINGTON (Reuters) – Top central bankers present and past on Wednesday joined forces against a plan to strip the Fed of its oversight of smaller banks, saying the knowledge it gains from that role is vital to monetary policy.

Ben Bernanke, chairman of the Federal Reserve, warned that US monetary policy and financial stability would be damaged if Congress limits the Fed’s regulatory powers

India is facing demands from the local state-owned oil industry to create its first sovereign wealth fund to compete with China in the race to secure global energy assets

Chinese internet company says crackdown on mobile text messaging is starting to hurt its business

UBS, JPMorgan Chase, Deutsche Bank and Depfa were charged with fraud for their roles in a €1.7bn financing package for the Italian city of Milan in a case that will fuel debate about the use of complex derivatives

NEW YORK (Reuters) – Stocks gained on Wednesday, pushing the Dow to a 17-month high, after a benign February inflation reading supported the Federal Reserve’s renewed pledge of low interest rates.

WASHINGTON (Reuters) – U.S. producer prices in February posted their biggest fall in seven months as energy costs tumbled, validating the Federal Reserve’s decision to hold interest rates very low on evidence of tame inflation.