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Stock Market Jitters After Greece 'No' Vote

Stock Market Jitters After Greece 'No' VoteThere was relatively muted reaction on stock markets across the world concerned about Greece's possible exit from the eurozone. And after opening sharply lower, European stock markets recovered some ground on the news that Greece's finance minister Yanis Varoufakis had resigned. On foreign exchange markets, the dollar slipped to 122.63 yen from 123.05 yen on Friday while the euro was also lower at 135.43 yen from 136.31 yen.


Oil falls on Greece vote, China stock market turmoil

A pump jack is seen at sunrise near BakersfieldOil prices fell sharply on Monday after Greece rejected debt bailout terms and as China rolled out emergency measures to prevent a full-blown stock market crash, adding to worries about poor demand growth at a time of global oversupply. Chinese brokerages and fund managers have agreed to buy massive amounts of stocks to support markets, helped by China's state-backed margin finance company, which in turn would be aided by a direct line of liquidity from the central bank. It adds an extra negative factor on top of the turmoil in Chinese financial markets, the recent rise in U.S. drilling rigs, and a potential increase in Iranian oil supply," said Olivier Jakob, senior energy analyst at Petromatrix in Zug, Switzerland.


Asian Markets: New Steps To Calm The Storm

Asian Markets: New Steps To Calm The StormAsian stock markets are facing a make-or-break week following emergency measures unveiled at the weekend designed to prevent a full-blown stock market crash. In response, officials in China rolled out an unprecedented series of steps on Sunday to try to ensure the world’s second largest economy is not impacted by the slump. In an extraordinary series of moves, China’s state-backed finance company announced it would support brokerages and fund managers in buying massive amounts of stocks in an attempt to counteract panicky investors who borrowed heavily to speculate and are now selling en masse.


Greek assets sell off after 'No' vote

Bond dealers also indicated Greek 2-year yields at 48 percent, a surge of 13 percentage points, but no trading took place as the Greek markets regulator requested their suspension last week following the country's default on an IMF loan. National Bank of Greece's U.S.-listed shares were down 15 percent in pre-market trading, while the Global X FTSE Greece ETF (exchange-traded fund) was down 11.2 percent. "So far the stock-market reaction has been negative but not disastrous," said Laith Khalaf, senior analyst at Hargreaves Lansdown.

MIDEAST STOCKS-Egypt tumbles as Emaar Misr sinks; Saudi drops

DUBAI, July 6 (Reuters) - Egypt's stock market fell sharply early on Monday, sliding below major technical support, as leading property firm Emaar Misr sank after listing on Sunday. The Saudi market also dropped because of lower oil prices and the turmoil in Greece. The Egyptian stock index tumbled 2.3 percent in the opening minutes to 8,026 points, below a band of strong technical support between 8,125 and 8,261 points, the December and May lows. ...

Factbox: Timeline of China's attempts to prevent stock market meltdown

SHANGHAI (Reuters) - The Chinese government has taken a series of steps since late June to stave off a crash in its stock markets, which plunged nearly 30 percent over the previous three weeks since touching a peak on June 12, hit by tight liquidity conditions ahead of the quarter-end and uncertainty over the central bank's easing policy.

China June inflation seen edging up to 1.3 percent year-on-year but still sluggish

A customer looks at price tags at a supermarket in HuaibeiChina's consumer inflation likely edged up in June as food prices steadied, while producer prices extended their decline well into a fourth year, reinforcing expectations that more support measures are needed to revive sluggish demand. Indeed, stronger price pressures may not do much to allay concerns about the health of the world's second-largest economy, where a recent 30 percent slump in its stock market has raised fears about further threats to China's sluggish economic growth. Consumer inflation is expected to have picked up but only marginally to 1.3 percent in June from a year ago, compared with May's 1.2 percent, the median forecast of 40 analysts polled by Reuters showed.


Manulife shelves $420 million Singapore REIT IPO as markets swoon

By S.Anuradha and Anshuman Daga SINGAPORE (Reuters) - Canada's Manulife Financial Corp shelved its S$569 million ($420 million) IPO of a real estate investment trust in Singapore on Monday, the first major Asian offering outside China to be pulled due to deteriorating global markets. The postponement of the IPO, which had been slated to be Singapore's biggest in a year, came as Greeks overwhelmingly rejected conditions of a rescue package from creditors on Sunday and as China rolled out an unprecedented series of steps to prevent a full-blown stock market crash. "In light of increased volatility in the equity capital market, the IPO of Manulife US Real Estate Investment Trust has been delayed.

Oil prices tumble after Greece vote, China stock market turmoil

SINGAPORE: Oil prices fell sharply early on Monday after Greece rejected austerity measures demanded in return for bailout money and as China rolled out an unprecedented series of steps to prevent a full-blown stock market crash. The result of the Greek referendum put in doubt its continued place in the single currency, pulling down the euro in early trading on Monday. “With Greece reserves running low and no immediate bailout funds on the horizon, Greece is on a straight path out of the euro zone,” said Howie Lee of Singapore-based brokerage Phillip Futures. “Early morning indices’ movements have shown the likes of the Nikkei and the STI to have fallen. The selling is likely to spread to European and U.S. markets once they open.” In China, stock markets face a make-or-break week after officials rolled out a series of measures to prevent a full-blown stock market crash that would threaten the world’s second-largest economy, although share prices rocketed on Monday in response to Beijing’s measures. International benchmark Brent futures were down around half a dollar at $59.80 per barrel at 0200 GMT, and U.S. crude futures were at $55.07 a barrel, down almost $2 since they last traded before the July 4 national holiday. The falls meant that both crude futures were at their lowest levels since mid-April. “Uncertainty over Greece is bearish for oil.

Toshiba shares fall 5 percent on possible new earnings mark-down

A logo of Toshiba Corp is seen next to an advertisement board for its Regza television in TokyoShares in Japan's Toshiba Corp fell 5 percent in early Monday trade on fears that an ongoing third-party investigation into past accounting practices was finding more irregularities than previously expected. A source familiar with the matter said on Saturday that Toshiba may need to mark down past earnings by over 100 billion yen (525 million pounds), more than double earlier estimates. In a statement on Saturday, Toshiba said it had no information to disclose now, citing the ongoing investigation.


Technology

Facial recognition technology used to find lost pets - Minneapolis Star Tribune


Minneapolis Star Tribune

Facial recognition technology used to find lost pets
Minneapolis Star Tribune
Rather than tack up posters in the neighborhood to search for Spot, pet owners can use a free smartphone app that uses facial-recognition technology to help find their pets. And last week, the Animal Humane Society in the Twin Cities began adding ...

and more »

Business Leaders Step Into Technology While Technologists Step Into ... - Forbes


Business Leaders Step Into Technology While Technologists Step Into ...
Forbes
Say goodbye to the calcified, creaky business systems and processes that we've come to know and love. They're being swept away by clouds and mobile systems at an alarming rate. But that's a positive thing, of course. With this transformation, however, ...

Apple Music and the leveraging of music by technology - Irish Times (blog)


Irish Times (blog)

Apple Music and the leveraging of music by technology
Irish Times (blog)
The great thing about technology, after all, is that you get clear, detailed, data-heavy spreadsheets which allow you to see who gets what and you can see how the system operates. The only question marks with those figures are the splits between ...

and more »

Technology helps keep tabs on lighting, forest fires - San Francisco Chronicle (subscription)


Technology helps keep tabs on lighting, forest fires
San Francisco Chronicle (subscription)
It's lightning that ignites most forest fires. It's the human-caused blazes, often from illegal campfires, that often set off the biggest infernos. To get a handle on both, agencies have created websites that update locations and conditions for ...

and more »

Travel

4th Of July Travel Deals 2015: 11 Cheap Weekend Getaways For Independence ... - International Business Times


International Business Times

4th Of July Travel Deals 2015: 11 Cheap Weekend Getaways For Independence ...
International Business Times
While the holiday is fast approaching, there are still many last-minute travel deals available. Fourth of July commemorates the day the Declaration of Independence, which stated the American colonies' intent to seek sovereignty from Great Britain, was ...

The week's best travel deals from around the globe - Washington Post


The week's best travel deals from around the globe
Washington Post
Save hundreds on domestic and international packages booked by July 12 with Go Ahead Tours. For example, the Food and Wine: Southern Italy and Sicily tour departing Sept. 25 is $7,538 for two travelers (down from $8,528) and includes round-trip air ...

Insider Tricks to Plan a Cheap Last-Minute Summer Vacation - U.S. News & World Report (blog)


U.S. News & World Report (blog)

Insider Tricks to Plan a Cheap Last-Minute Summer Vacation
U.S. News & World Report (blog)
As you've surely heard (and noticed at the pump) gas is the cheapest it's been in years, meaning this summer is a great time to take that road trip you've been considering. Use Roadtrippers.com to find sample routes including suggested hotels ...

Travel tips: North Jutland, Denmark, and this week's best deals - The Guardian


The Guardian

Travel tips: North Jutland, Denmark, and this week's best deals
The Guardian
Ninna Seerup from Visit Denmark recommends a trip to the Rubjerg Knude Lighthouse. “It's last-chance tourism as a sand dune is slowly covering the lighthouse and in a few years it will disappear. At the moment you can see only the top sticking out.” ...

Top stories of the hour


Princess Charlotte's christening: everything you want to know - CTV News
Mon, 06 Jul 2015 11:43:08 +0100


CTV News

Princess Charlotte's christening: everything you want to know
CTV News
From 150-year-old outfits to a four-year-old cake, tradition and vintage items filled Princess Charlotte's christening ceremony from the moment the Cambridge family arrived at the Queen's Sandringham Estate. The Royal Family chose a number of items ...
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Christie vows to tackle thorny entitlement reform, accuses Paul of 'politicizing' national security - VIDEO: Can Christie's tough talk propel him to top of GOP pack?
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Convicted murderer David Sweat moved from hospital to NY maximum security prison
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Tunisia president declares state of emergency after deadly beach attack - Egypt president: Situation 'stable' following Sinai attack
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Haley’s Charleston response, Confederate flag stand spark VP talk - VIDEO: Ann Coulter sounds off on Confederate flag backlash - Your Buzz: Our Confederate flag debate -- too liberal?
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ISIS' capital pounded: US-led airstrikes target Raqqa - Video purportedly shows ISIS killing Syrian soldiers - Moms of radicalized Western jihadists form support group
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Putin reportedly calls Obama to discuss global issues
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Man dies after shooting off firework from top of his head, police say
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Diana Douglas, first wife of Kirk Douglas and mother of Michael Douglas, dies at 92
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Woman who tries to sneak onto planes arrested twice in 2 days
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Suspect in San Francisco pier attack admits in jailhouse interview he shot woman - Goodlatte: Obama administration shares blame in illegal immigrant allegedly killing woman - Family of woman killed at San Francisco pier not focused on suspect's past
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Burt Shavitz, the Burt behind Burt's Bees, dies at 80
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Dale Earnhardt, Jr., wins rain-delayed Daytona ahead of Austin Dillon's crash
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Fans cheer as Princess Charlotte christened
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Sheriff: 4 dead inside SC home; no search for suspect
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Shoe factory collapses in eastern China, killing 13 people
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Police: 14 people injured in NC deck collapse
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LEADING LADIES US bests Japan, wins 3rd Women's World Cup title
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Greek finance minister resigns, lauds voters' 'brave' rejection of bailout
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'COULD GO EITHER WAY' Kerry signals uncertainty as Iran deal deadline looms
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MEDIA BUZZ After long drought, Hillary to grant more interviews
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POPE RETURNS HOME Francis' Mass projected to draw 1 million in Ecuador
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Congress heads back to work with looming funding deadline - The Mercury
Mon, 06 Jul 2015 11:26:00 +0100


seattlepi.com

Congress heads back to work with looming funding deadline
The Mercury
WASHINGTON >> Members of Congress return Tuesday from July Fourth fireworks and parades facing a daunting summer workload and an impending deadline to fund the government or risk a shutdown in the fall. The funding fight is shaping up as a major ...
Congress ReturnsWKRG

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Does Greece's resounding No vote actually change anything? - Telegraph.co.uk
Mon, 06 Jul 2015 11:19:21 +0100


Telegraph.co.uk

Does Greece's resounding No vote actually change anything?
Telegraph.co.uk
It is entirely possible to argue, without diminishing the symbolism of the overwhelming No vote in the Greek referendum and the resignation of Yanis Varoufakis as finance minister, that very little has changed in the last 24 hours. • Greece crisis live ...
10 Things to Know for TodayChicago Daily Herald

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Four Found Dead in Rock Hill, South Carolina, Home: Officials - NBCNews.com
Mon, 06 Jul 2015 11:10:00 +0100


NBCNews.com

Four Found Dead in Rock Hill, South Carolina, Home: Officials
NBCNews.com
Four people were found shot to death in a South Carolina home on Sunday, officials said. Authorities discovered the bodies about 5:45 p.m. ET in Rock Hill. Investigators believe there was gunfire inside and outside the home, officials with the York ...
County official one of four found fatally shot in South Carolina home: reportsNew York Daily News
Sheriff: 4 dead inside SC home; no search for suspectFox News
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Women's World Cup: Carli Lloyd's hat-trick leads US to third title - CNN
Mon, 06 Jul 2015 10:29:00 +0100


CNN

Women's World Cup: Carli Lloyd's hat-trick leads US to third title
CNN
The U.S. Women's National Soccer Team celebrates after winning the Women's World Cup on Sunday, July 5, 2015, in Vancouver, Canada. The United States defeated Japan with a final score of 5-2. Click through to see highlights from the tournament:.
U.S. Claims Third Women's World Cup With 5-2 Win Over JapanBloomberg
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At least 28 people killed in attacks in Nigeria - CNN
Mon, 06 Jul 2015 10:28:41 +0100


CNN

At least 28 people killed in attacks in Nigeria
CNN
Jos, Nigeria (CNN) A series of blasts, including one inside a church, are reported to have killed at least 28 people in Nigeria, where the military is battling the Islamic extremist group Boko Haram. The heaviest death toll was in Jos, in central ...
Bombs at mosque, restaurant in central Nigerian city kill 44Fox News
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Shawshank escapee David Sweat will be held in a cell 23 hours a day - Telegraph.co.uk
Mon, 06 Jul 2015 10:28:00 +0100


Telegraph.co.uk

Shawshank escapee David Sweat will be held in a cell 23 hours a day
Telegraph.co.uk
The surviving escapee from a prison break and three-week manhunt will spend 23 hours a day in a maximum-security cell, much more confined than he and a fellow murder convict were in the prison from which they managed a getaway, officials said on ...
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Ryan Newman on crash: 'NASCAR got what they wanted' - USA TODAY
Mon, 06 Jul 2015 10:26:00 +0100


USA TODAY

Ryan Newman on crash: 'NASCAR got what they wanted'
USA TODAY
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Dismay in European and Asian Markets After Greek Vote - New York Times
Mon, 06 Jul 2015 10:07:08 +0100


Newsweek

Dismay in European and Asian Markets After Greek Vote
New York Times
PARIS — European and Asian stock markets dropped on Monday but did not plunge, as investors reacted with muted dismay to the results of the Greek referendum and showed nervousness about steep declines in China's stock market over the past three ...
The 3 big questions about what happens next in Greece's debt crisisWashington Post (blog)
Greek Vote Puts US In A Familiar Position: Struggling to Prod EuropeWall Street Journal (blog)
European Commission reaction to Greek referendum decisionBBC News
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Chicago holiday violence: 9 killed, at least 47 wounded, but better than last year - Washington Post
Mon, 06 Jul 2015 08:14:21 +0100


CNN

Chicago holiday violence: 9 killed, at least 47 wounded, but better than last year
Washington Post
Chicago was yet again riddled with a flurry of shootings this Fourth of July weekend, with at least 47 wounded and nine killed, according to multiple media reports. The numbers were down from last year's holiday weekend after police increased their ...
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