Greece's secret plan to hack its own tax system

Greece's former finance minister was ready to hack into the country's tax collection system as part of contingency planning for a possible exit from the euro.

Tough times strike Saudi Arabia's millionaires

Turmoil in the Middle East, an unimpressive international stock market debut and tumbling oil prices will hit the wealth of Saudi Arabia's richest in years to come, according to a new report from WealthInsight.

Greece Awaits Troika’s Return As August ECB Payment Looms

Greece’s cash-strapped government is racing to meet another deadline as it tries to finalize a new bailout agreement before a payment on bonds held by the European Central Bank comes due on Aug. 20.

Asia Currencies Decline as Chinese Data Compounds Growth Concern

Asian currencies extended the week’s loss as a gauge of Chinese manufacturing fell to a 15-month low, adding to concern that the region’s growth is slowing.

Opinion: Here’s the real reason the Fed wants to raise rates

Federal Reserve policy makers are hoping, even praying, that no unexpected domestic development or international crisis intervenes to prevent them from taking the first baby step to normalize interest rates at the Sept.16-17 meeting.

Greek banks face stress tests at the worst time

Plenty of dangers lie in wait for Greek banks. Already short of cash, they may need lots more when stress tests of their solvency are carried out in a month or two.

Support for Japanese leader Abe drops after security bills

TOKYO (AP) — Public support for Japanese Prime Minister Shinzo Abe has dropped sharply after his government pushed through highly contentious legislation last week to expand the role of the military.

France’s Hollande Proposes Creation of Euro-Zone Government

French President Francois Hollande said that the 19 countries using the euro need their own government complete with a budget and parliament to cooperate better and overcome the Greek crisis.

ECB agrees to more emergency loans for Greek banks

The Greek bank rescue mission is finally underway, but it is coming slowly. In a surprise announcement on Thursday, European Central Bank president Mario Draghi announced that the Greek banks would receive an additional €900-million ($1.27-billion) in emergency liquidity assistance (ELA) loans over one week.

Back to zero inflation: falling food and clothing prices drag rate back to 0%

Summer clothing discounts pulled UK inflation back down to zero last month, bringing more relief to households and taking pressure off the Bank of England to raise interest rates any time soon.

China June trade data spurs hopes for 2nd half, but imports shrink again

BEIJING, JULY 13 (Reuters) - China's export sales unexpectedly rose for the first time in four months in June and imports fell again but posted their best performance this year, causing some optimism tepid trade flows are picking up.

With cash fast running out, Greek bank failures loom

The banks have been leaking cash at a rate of more than €100m a day even with capital controls that were imposed to restrict withdrawals, one banker said.

Canada Jobs Loss in June Ratifies Faltering-Economy View

Canadian employment fell by 6,400 in June on the biggest decline in part-time work in more than four years, sustaining the view the economy is losing steam and may require another jolt of stimulus from the central bank.

Greeks Work on Crafting Now-or-Never Reform Plan to Keep Euro

Greece is working against the clock on a package of proposed reforms to convince European leaders headed by German Chancellor Angela Merkel that it can keep the euro.

Canada Posts 2nd-Largest Trade Deficit Ever as Exports Slide

Canada’s merchandise trade deficit widened to the second-largest on record in May, more evidence that weakness that started with an oil shock has extended beyond the first quarter.

Emerging Currencies Drop, Led by Forint, After Greece ‘No’ Vote

The Hungarian forint and the Romanian leu led emerging-market currencies lower as Greece’s rejection of austerity measures heightened the chance the nation will exit the euro, damping demand for riskier assets.

Margin calls fuel China's dramatic stock market collapse

What goes up, can also come down, as the old adage and the modern-day investor warning go. And that is precisely what the tens of millions of people who hold shares in China have been discovering.

What Crisis? Stronger Banks, Economies Ease Fear Over Greece

The prospect of a Greek crackup isn't so terrifying anymore.

American Factories Making a Comeback as Domestic Demand Picks Up

American factories are starting to climb out of a slump on the back of stronger consumer spending. The Institute for Supply Management said its June factory index increased to 53.5, the best reading in five months, from 52.8 in May.

Greece gets little sympathy from poorer neighbors

Throughout months of acrimonious haggling with creditors, Greece's left-wing government has cast itself as the victim of an elitist financial and political order beholden to Europe's stingy rich, notably Germans.