GREECE News, Jul 04, 2011

Asia Stocks, Metals Climb as Greece Concerns Ease Bloomberg Finance chiefs gather next week to tackle Greece's long-term lifeline. Two financing options described in a French proposal for rolling over Greece's debt “would likely amount to a default under our criteria,” S&P said in a statement today. ... See all stories on this topic »

Hong Kong Stocks Rise as Greece Loan Boosts Economic Prospects Bloomberg 19, and posted its first quarterly decline in a year amid intensifying efforts by China to fight inflation and mounting concern Greece would fail to resolve its debt crisis. Futures on the Standard & Poor's 500 Index fell 0.1 percent today. ... See all stories on this topic »

India's Sensex Extends Two-Week Rally on Greece, US Data; DLF Advances Bloomberg US markets are closed today for Independence Day. The Sensex has its biggest weekly gain in three months as overseas investors became net buyers of Indian equities for the first time in three weeks and food inflation slowed to a six- week low. ... See all stories on this topic »

Debt Rollover Plan for Greece May Put It Into Selective Default, S&P Says Bloomberg The French proposal would qualify as a distressed debt restructuring because it offers creditors “less value than the promise of the original securities” and would therefore put Greece in default, S&P said in a statement today. Europe is inching toward ... See all stories on this topic »

End the Israeli Occupation of Greece Salem-News.Com I'm sorry to say that the Greece that I knew then is not the Greece of today. Although its people are still the same courageous, independent defenders of freedom and democracy at home and on behalf of their brothers and sisters in Palestine, ... See all stories on this topic » Salem-News.Com

Oil Climbs After Greece Gets Loan; Goldman Revises IEA Estimate BusinessWeek Nymex floor trading is closed today for the July 4 holiday. Electronic trades will be booked with tomorrow's transactions for settlement purposes. Brent oil for August settlement was at $111.84 a barrel, up 7 cents, on the London-based ICE Futures ... See all stories on this topic »

Greece cannot borrow its way of this debt crisis Telegraph.co.uk Today the single currency system is suffering from the double stresses of too much borrowing by countries such as Greece and Portugal, who have spent too much and raised too little in tax, and from the need of countries like Ireland to bail out their ... See all stories on this topic » Telegraph.co.uk

Dollar hits one-month high Herald Sun THE Australian dollar was trading at a one-month high today morning, as confidence returns to the market after last week's crucial vote in Greece. At 7am (AEST) today, the dollar was trading at 107.79 US cents, up from 107.28 US cents on Friday. ... See all stories on this topic »

Gold fell about 0.8% on Friday FXstreet.com However, Greece faces tough challenges ahead. Eurogroup chairman Jean-Claude Juncker has warned that Greece could expect limitations in sovereignty, enraging unions that have called for more streets protests and strikes. Today, the US markets are ... See all stories on this topic »

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