Oil prices fell sharply on Monday after Greece rejected debt bailout terms and as China rolled out emergency measures to prevent a full-blown stock market crash, adding to worries about poor demand growth at a time of global
Greece's Finance Minister Yanis Varoufakis today said he was resigning, in a shock announcement despite the government having secured a resounding victory for the 'No' vote in the country's referendum on bailout conditions.
Greece lurched into uncharted territory and an uncertain future in Europe's common currency after voters overwhelmingly rejected demands by international creditors for more austerity measures in exchange for a bailout of its
The Greek people are voting on a future in which they face two painful prospects: the slow grind of years more of austerity cuts or the country's potentially catastrophic exit from the 19-nation eurozone.
Outcome of Greek referendum, first quarter earnings of IT major TCS, industrial production data and progress of monsoon would guide market, which is expected to remain remain range-bound this week, say experts.