Europe

IMF Approves Bailout Payment to Ukraine

The International Monetary Fund on Friday approved the latest payment to Ukraine in its $17 billion bailout program, providing a critical boost to Kiev as it faces military, economic and political threats.

ECB Stimulus Talk Crimples Euro

Lower-rated euro zone bond yields fell to fresh record lows as investors positioned for more monetary stimulus from the European Central Bank.

Greece Imposes Capital Controls as Crisis Deepens

Greece moved to check the growing strains on its crippled financial system on Sunday, closing its banks and imposing capital controls that brought the prospect of being forced out of the euro into plain sight.

Greek Debt Talks Hit Another Snag

Austria's finance minister said on Thursday the process of working out a deal with Greece and other creditors was getting more difficult quickly as Greece's prime minister held firm on proposals he submitted earlier this week.

U.S. Says Iran Nuclear Talks to Continue Past Deadline

The United States said on Tuesday that world powers and Iran would keep negotiating over an outline accord on curbing Tehran's nuclear program beyond a midnight deadline, even though tough questions remain.

Greek Finance Minister Quits After 'No' Vote

Greece's outspoken finance minister resigned on Monday, removing a major obstacle to any deal to keep Athens in the euro zone after Greeks voted resoundingly to back the government in rejecting the austerity terms of a bailout.

Greece Awaits Parliamentary Vote Paving Way for Bailout

Factions of Greece's ruling left-wing party were concerned ahead of a crucial vote on austerity measures which will test whether the prime minter can hold his government together to satisfy creditor bailout demands.

Euro Zone Leaders: Greece Must Do More to Earn Rescue

Euro zone leaders told near-bankrupt Greece at an emergency summit on Sunday that it must restore trust by enacting key reforms before they will open talks on a new financial rescue to keep it in the European currency area.

IMF Lowers Global Growth Forecast, Cites U.S. Weakness

The International Monetary Fund cut its global economic growth outlook for 2015 to take into account the impact of recent weakness in the United States. Still, growth prospects for next year remained upbeat despite Greece and China volatility.

Greece Seeks Three-Year Loan, Pledges to Enact Reforms

Greece promised to implement pension and tax reforms as early as next week as the first step to securing a three-year rescue loan to cover debt obligations, according to a letter requesting the funding from European partners on Wednesday.

Greece Credit Proposal Based on Last Week's Plan

Greek officials said on Tuesday they had submitted credit proposals to euro zone partners based on those it put forward last week, rejecting suggestions that Athens had not put forward new proposals for a euro summit.