Ratings Agencies Say Ukraine Debt Writedown Same As Default
Top ratings agencies say they see the debt restructuring deal Ukraine struck with creditors this week as tantamount to a default.
Hollande, Merkel, Putin back bid for new Ukraine ceasefire
The leaders of France, Germany and Russia backed a new ceasefire in eastern Ukraine in a three-way phone call on Saturday, but offered contrasting views of why February's peace deal is in trouble.
China passes new pollution law, sets sights on coal consumption cap
Legislators have approved amendments to China's 15-year-old air pollution law that grant the state new powers to punish offenders and create a legal framework to cap coal consumption, the Asian giant's biggest source of smog.
Greek bail-out spadework must continue ahead of election
The head of the council of euro zone finance ministers said Greece's interim government should continue preparing to meet its creditors' conditions for a bail-out during the run-up to the country's election so its successor wastes no time.
Ukraine, separatists to strive for full ceasefire from September 1
Ukraine and pro-Russian separatists, in a gesture to shore up a tenuous ceasefire, agreed on Wednesday to strive for an end to all truce violations from next Tuesday, the OSCE and rebel representatives said.
Iran may have built extension at disputed site: U.N. nuclear watchdog
Iran appears to have built an extension to part of its Parchin military site since May, the U.N. nuclear watchdog said in a report on Thursday, as part of its inquiry into possible military dimensions of Tehran's past nuclear activity.
Exporters run for high ground as China growth story unravels
The alarming scale of China's economic slowdown is pushing European exporters to accelerate a move into premium goods and services, sacrificing volumes if necessary to sustain margins.
Market turmoil makes September rate hike 'less compelling': Fed's Dudley
An interest rate hike next month seems less appropriate given the threat posed to the U.S. economy by recent global market turmoil, an influential Federal Reserve official said on Wednesday.
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