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Greece PM agrees to step down over financial crisis

Greece's political leaders have agreed to form a national unity government after the nation's embattled Prime Minister George Papendreou agreed to step down half way through his four-year-term......

What looms for Greece after referendum

Euro zone policymakers have openly spoken out in favour of a 'yes' vote Greek Prime Minister Alexis Tsipras's plan to hold a referendum on Sunday on creditors' demands for austerity has prompted a......

Markets end on a flat note

The markets eventually ended on a flat note, as hopes of Greek bailout appeared to be in balance ahead of the vote of confidence of the Greece Prime Minister.The Sensex after a gap-down opening had......

Fresh Euro turmoil: Mekel, Sarkozy call emergency meet

German Chancellor Angela Merkel and French President Nicholas Sarkozy will hold an emergency meeting ahead of the G20 summit in Cannes in the wake of Greek Premier George Papandreou's surprise......

Sarkozy, Merkel reject calls for orderly insolvency of Greece

German Chancellor Angela Merkel and French President Nicolas Sarkozy have reaffirmed their support for Greece to remain in the euro zone and rejected calls for an 'orderly insolvency' of the......

Markets have a drab closing

The benchmark indices had an insipid closing for the second consecutive trading session.The Sensex ended at 17551, down 10 points and the Nifty shut shop at 5278, up two points. There was......

Athens organisers fail green test

Three years after Sydney was hailed for staging the first "Green Games", environmental groups have accused the Olympic movement of taking a giant step backwards in Athens.Dimitris Caravelas, head......

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