A dramatic upswing in volatility is putting post-crisis financial markets to the test, as curbs on banks' ability to take risks and an increase in technology-driven trading expose potential new cracks in the system.
Tags: Debt
China to curb risks from short-term local debt: vice finance minister
China will take steps to rein in possible risks from short-term local government bonds, including converting such bonds into long-term debt, the country's vice finance minister, Zhu Guangyao, said on Saturday.
Greek bank deposit outflows rose to 3 billion euros last week: JP Morgan
Deposit outflows from Greece's banks rose last week to around 3 billion euros, according to JP Morgan estimates, ahead of Friday's last-minute aid extension agreement with the country's euro zone creditors.
As oil slides, Singapore oilfield service firms struggle to refinance debt
Two Singapore oilfield service firms are finding it tough to refinance debt maturing later this year as the slump in crude prices has made investors and lenders hesitant, banking sources said.
Americans are quitting their jobs more, and that's a good thing
In a paradoxically good development for the U.S. economy, Americans quit their jobs in September at the fastest rate in over six years.
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Spanish builder and services company FCC (FCC.MC) said on Sunday its board had approved a well-flagged capital increase of 1 billion euros ($1.3 billion) which it will use to pay down debt.
World equity markets rallied, with European stocks surging the most in more than two years, and bond prices slid on Friday as investors poured back into beaten-down markets on solid U.S. corporate earnings and rising consumer sentiment.
Global equity markets fell on Monday as civil unrest in Hong Kong weighed on investor sentiment, while U.S. Treasury debt prices rose over uncertainty sparked by the protests.
Facing rumors that he could face pressure to quit, Italian Prime Minister Matteo Renzi hit back on Sunday against criticism from business leaders and dared his opponents to challenge him in parliament.
The U.S. economy grew at its fastest pace in 2-1/2 years in the second quarter with all sectors contributing to the jump in output in a bullish signal for the remainder of the year.
Greece's international creditors have no appetite for considering a haircut as a way to lighten its debt load, the head of the European Stability Mechanism, the euro zone's bailout fund organization, told Greek Sunday newspaper Realnews.
The Bank of Japan bought one-year government bills at negative yields in market operations on Friday, traders said, setting a new milestone as it pushes its aggressive asset purchase scheme.
The European Central Bank will hand out the first round of its new four-year loans on Thursday, the flagship tool in a new stimulus package it hopes will stave off deflation and revive the ailing euro zone economy.
Argentina called in the United States' top diplomat in the country on Tuesday to express its "deep indignation" over a local newspaper interview in which he made reference the South American country's latest debt default.
