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AT&T Said to Hold Talks With DirecTV on Possible Purchase

AT&T Said to Hold Talks With DirecTV on Possible Purchase | EconMatters | Scoop.it
AT&T Inc., the second-biggest U.S. mobile-phone carrier, is in talks to buy satellite-television company DirecTV, people with knowledge of the situation said.
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Greece debt crisis: Finance Minister Varoufakis resigns

Greece debt crisis: Finance Minister Varoufakis resigns | EconMatters | Scoop.it
Greece's Finance Minister Yanis Varoufakis resigns, hours after voters back his policy of rejecting creditors’ demands for more austerity.
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With a fifth of votes counted, 61% of Greeks backed Tsipras by voting “no”

Greeks voted against accepting further austerity in exchange for a new European bailout, increasing the chances of the country having to abandon the euro and plunging its economy deeper into an abyss.

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Crude dips on first oil rig jump since December

Crude dips on first oil rig jump since December | EconMatters | Scoop.it
Drillers added 12 oil rigs to U.S. fields in the last week, snapping a 29-week streak of declines.
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The electoral volcano beneath Hong Kong and Taiwan

The electoral volcano beneath Hong Kong and Taiwan | EconMatters | Scoop.it

The authoritarian Xi has all but extinguished hopes of China gliding towards greater pluralism

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Some Chinese Are Paying 22% on Margin Loans to Finance Stock Purchases

Some Chinese Are Paying 22% on Margin Loans to Finance Stock Purchases | EconMatters | Scoop.it

Zhang Minmin is one of tens of thousands playing in one of the riskier corners of China’s stock market, borrowing money at high interest rates through unregulated online lenders to amplify his bets on potential equity gains.

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The World's Richest People Lost $70 Billion Yesterday

The World's Richest People Lost $70 Billion Yesterday | EconMatters | Scoop.it
The world's 400 richest people lost a combined $70 billion on Monday as equity markets around the globe were hammered on fears about Greece and declines in China fueled by leveraged investors exiting the market
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Puerto Rico’s governor says island cannot pay back $70 billion in debt, is near ‘death spiral’

A default on the island’s massive debts could roil the stock and municipal bond markets and raise borrowing costs for state and local governments.
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Merkel and Hollande Turn Away From Greece

Merkel and Hollande Turn Away From Greece | EconMatters | Scoop.it

German Chancellor Angela Merkel and French President Francois Hollande signaled they’ve reached the limits of their ability to safeguard Greece, offering the government no further concessions to step back from the brink.

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Mexico announces underwater gas pipeline to Texas

Mexico announces underwater gas pipeline to Texas | EconMatters | Scoop.it
The gas pipeline is intended to go into operation in June 2018. 
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Iran has delivered 10 million barrels of oil to Syria this year, free of charge

Iran has delivered 10 million barrels of oil to Syria this year, free of charge | EconMatters | Scoop.it
Bloomberg Business delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News.
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Texas city leaders repeal voter-approved ban on hydraulic fracturing

Texas city leaders repeal voter-approved ban on hydraulic fracturing | EconMatters | Scoop.it
Leaders of a North Texas university town that was the first in the state to ban hydraulic fracturing repealed the voter-approved measure. 
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Taiwan military parade remembers Nationalist victory in Sino-Japan war

Taiwan military parade remembers Nationalist victory in Sino-Japan war | EconMatters | Scoop.it
Taiwan's president said on Saturday it was Nationalist Chinese forces which won the war against Japan as he sought to challenge Beijing's official line which overwhelmingly focuses on the heroics of
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Tsipras Is Learning From Merkel Who’s the Boss

Tsipras Is Learning From Merkel Who’s the Boss | EconMatters | Scoop.it

Alexis Tsipras is flouting the cardinal rule of political survival in Europe: don’t displease Angela Merkel.

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DOJ Probing Possible Collusion of Airlines on High Airfare

DOJ Probing Possible Collusion of Airlines on High Airfare | EconMatters | Scoop.it
(Updated - July 1, 2015 2:10 PM EDT)Airlines stocks dropped sharply Wednesday following reports that the U.S. Department of Justice (DOJ) is investigating whether or not airlines have colluded in an effort to keep...
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Tsipras Under Pressure to Cede After Greece Misses IMF Payment

Tsipras Under Pressure to Cede After Greece Misses IMF Payment | EconMatters | Scoop.it

European leaders are waiting for signs that Greek Prime Minister Alexis Tsipras is ready to compromise as his country buckles under capital controls and fails to make its International Monetary Fund payment.

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With 61 Seconds in a Minute, Markets Brace for Trouble

With 61 Seconds in a Minute, Markets Brace for Trouble | EconMatters | Scoop.it

On June 30, time will stand still.

Just for a second -- a leap second.

Since 1967, when clocks went atomic, human timekeeping has been independent of the earth’s rotation. The problem is, the planet is slowing down and clocks are not. So every few years, to get everything back in sync, scientists add a second. They’ve done it 25 times since 1972. The last time was 2012, but that was on a weekend. June 30 will be the first leap second during trading hours since markets went electronic.

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Tsipras Asks European Union for a New Bailout Program

Tsipras Asks European Union for a New Bailout Program | EconMatters | Scoop.it

Greece’s government has asked for a two-year bailout program from the European Stability Mechanism, according to a statement from the office of Prime Minister Alexis Tsipras.

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Greece could face social unrest soon: Wilbur Ross

Greece could face social unrest soon: Wilbur Ross | EconMatters | Scoop.it
The deteriorating situation in Greece could get much worse, says billionaire Wilbur Ross—a view echoed by Robert Hormats, former Goldman Sachs International vice chairman.
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Greece's Creditors Offer $17.3 Billion Package to End Standoff

Greece’s creditors offered to unlock aid of as much as 15.5 billion euros ($17.3 billion) for the indebted country, as Prime Minister Alexis Tsipras lamented the tough conditions demanded in return for the deal.

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Courtney Love’s Car Attacked in Paris Amid Anti-Uber Cab Protest

Courtney Love’s Car Attacked in Paris Amid Anti-Uber Cab Protest | EconMatters | Scoop.it

Paris taxi drivers blocked access to the city’s Roissy and Orly airports and attacked the car of American rock singer Courtney Love in a protest against Uber Technologies Inc.’s app-based ride service.

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Tsipras to pick up talks with creditors after euro-area finance chiefs adjourned

Tsipras to pick up talks with creditors after euro-area finance chiefs adjourned | EconMatters | Scoop.it
Bloomberg Business delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News.
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Oil pressured by disappointing Chinese factory data, strong dollar

Oil pressured by disappointing Chinese factory data, strong dollar | EconMatters | Scoop.it
A general lack of bullish sentiment is weighing on the oil market, with API data ahead.
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