Investors too relaxed on 'Grexit' risk, some fund managers warn
Tom Sowanick, a three-decade veteran of the investment business, returned from a trip to Greece this week with a "very sobering view" of its debt crisis: he now expects the country to default on its obligations and leave the euro zone.
U.S. tech firm Cisco to invest $10 billion in China expansion
Cisco (CSCO.O) plans to invest more than $10 billion in China along with local business partners over the next several years, the U.S. network equipment maker said on Wednesday, as it seeks to shore up its position against strong domestic rivals.
China to extend economic diplomacy to EU infrastructure fund
China will pledge a multi-billion dollar investment in Europe's new infrastructure fund at a summit on June 29 in Brussels, according to a draft communique seen by Reuters - Beijing's latest round of chequebook diplomacy to win greater influence.
Germany hardens line on Greece after talks collapse
German politicians from across the political spectrum backed Chancellor Angela Merkel's firm line in aid talks with Athens on Monday despite the growing risk of a Greek default that could push it out of the euro zone.
Italian PM Renzi welcomes Putin but mentions differences
Italian Prime Minister Matteo Renzi welcomed visiting Russian President Vladimir Putin on Wednesday but showed little sign of breaking ranks with international partners over European Union sanctions against Moscow.
Wall Street edges up slightly as oil prices rise
U.S. stocks rose slightly on Tuesday, bouncing back partially from the previous day's decline as higher oil prices helped energy shares, but the dollar slipped on global economic concerns.
Germany's Merkel says 'not much time left' for Greek debt deal
German Chancellor Angela Merkel said on Monday there was not much time left for a debt deal to keep Greece in the euro zone and that Europe was prepared to show solidarity if Athens implemented economic reforms.
Slide in China's May imports signal need for more stimulus
A bigger-than-expected slide in China's imports in May strengthened expectations more policy stimulus may be needed to avert a sharp slowdown in the world's second-largest economy.
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