FOREX-Euro hammered on Greek 'No' vote, market volatile SYDNEY, July 6- The euro fell sharply on Monday, while the safe-haven Japanese yen rallied after Greeks voted to reject terms of a bailout, setting the country on course to financial ruin that could splinter Europe if creditors refuse further aid. It fell as far as $1.0969, before recovering a bit of ground to $1.1009. "The' no' vote is the worst possible outcome from an'...
| By: Ian Chua and Gyles Beckford
UPDATE 1-ECB to keep tight funding grip on Greek banks after 'no' - sources FRANKFURT, July 5- The European Central Bank is likely to maintain emergency funding for Greek banks at its current restricted level, people familiar with the matter said on Sunday, a move that will see lenders run out of cash soon. Although a final decision has yet to be taken and the matter will be the subject of debate when ECB policy setters talk on Monday, they are...
UPDATE 1-Wall St Week Ahead-Market selloff likely in wake of Greek 'No' vote NEW YORK, July 5- The overwhelming Greek rejection of a bailout is likely to boost market uncertainly, weaken the euro and trigger a stocks selloff in the near term as investors assess how the European Central Bank works to stop contagion spreading from Greece. Greece faces a July 20 deadline to repay the ECB a 3.5 billion euro bond. The reaction on financial...
| By: Caroline Valetkevitch and Herbert Lash
UPDATE 1-Euro falls as Greece votes 'No' to bailout package WELLINGTON, July 6- The euro fell sharply on Monday in Asia-Pacific trading after Greeks looked to have overwhelmingly rejected austerity measures demanded in return for bailout money. "Europe either folds or Greece goes bankrupt; over to you Merkel." The next step was unclear with Greek Prime Minister Alexis Tsipras saying his government had a mandate to reach...
| By: Gyles Beckford
Euro markets set for major jolt after Greek 'No', look to ECB for calm *JPMorgan says Grexit now more likely than not. Many economists, including those at U.S. banking giant JPMorgan, reckon the outcome of Sunday's referendum will probably hasten Greece's exit from the euro. "Although the situation is fluid, at this point Greek exit from the euro appears more likely than not," JPMorgan's Malcolm Barr told clients on Sunday evening,...
| By: Carmel Crimmins and Nigel Stephenson
Greece needs humanitarian aid: Official European institutions need to urgently discuss a humanitarian aid program for Greece, the president of the European Parliament said.
| By: Everett Rosenfeld
Kerry warns Iran: 'This deal can go either way' Secretary of State John Kerry warned Iran that hard choices were still needed to seal a nuclear accord, and that the U.S. was prepared to walk away.
Source: The New York Times
| By: By Michael R. Gordon and Thomas Erdbrink