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China sets target of average 13 percent annual minimum wage rise (Reuters)

Reuters – The annual average growth of China’s minimum wages should be at least 13 percent in the five years to 2015, according to a government job market plan for the period published on Wednesday.

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China sets target of average 13 percent annual minimum wage rise
(Reuters)

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Yahoo chairman exits, review drags on (Reuters)

Reuters – Yahoo Inc Chairman Roy Bostock and three other directors will step down as the struggling company ploughs ahead with an internal overhaul, including discussions on dealing with its stakes in China’s Alibaba Group and Yahoo Japan.

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Yahoo chairman exits, review drags on
(Reuters)

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Greeks seek elusive bailout deal as EU tempers fray (Reuters)

Reuters – Greek parties will try yet again on Wednesday to strike a reform deal in return for a new international rescue to avoid a chaotic default, after a string of delays which have prompted some EU leaders to warn that the euro zone can live without Athens.

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Greeks seek elusive bailout deal as EU tempers fray
(Reuters)

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SEC weighs two money market fund proposals (Reuters)

Reuters – The chairman of the Securities and Exchange Commission is eyeing two potential plans to bolster the stability of money market funds, but their fate remains uncertain due to internal disagreement at the SEC

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SEC weighs two money market fund proposals
(Reuters)

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Clock ticks on Greece’s bailout deadline (Reuters)

Reuters – Greek Prime Minister Lucas Papademos faces a critical task of convincing international lenders and political party leaders on Sunday to agree to the stringent terms of a 130 billion euro ($171 billion) rescue plan to stave off looming default.

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Clock ticks on Greece’s bailout deadline
(Reuters)

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ECB split on how to handle any Greek bond losses: sources (Reuters)

Reuters – The European Central Bank has ruled out taking voluntary losses on its Greek bond holdings but is now debating how it would handle any forced losses and whether to explore legal options to avoid such a hit, central bank sources told Reuters on Wednesday.

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ECB split on how to handle any Greek bond losses: sources
(Reuters)

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Debt worries, economy outlook spark market retreat (Reuters)

Reuters – The euro edged down from a three-week high on Tuesday and European shares opened lower after the region’s finance ministers rejected an offer by private creditors to restructure their Greek debt, raising the specter of a messy default.

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Debt worries, economy outlook spark market retreat
(Reuters)

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S&P downgrades euro zone’s EFSF bailout fund (Reuters)

Reuters – Rating agency Standard & Poor’s cut its credit rating of the European Financial Stability Facility, the euro zone’s rescue fund, by one notch to AA+ on Monday, three days after it cut the ratings of France and Austria by the same margin.

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S&P downgrades euro zone’s EFSF bailout fund
(Reuters)

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European shares stabilize, economic data eyed (Reuters)

Reuters – European shares and the euro gradually recovered on Monday from early losses triggered by the mass downgrade of euro zone sovereign ratings last week, but they still looked vulnerable amid rising fears of a disorderly Greek debt default.

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European shares stabilize, economic data eyed
(Reuters)

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Greeks protest as France, Spain face squeeze (Reuters)

Reuters – Greek police clashed with anti-austerity protesters and Italy announced sweeping reforms in response to a European debt crisis that on Thursday pushed borrowing costs for France and Spain sharply higher.

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Greeks protest as France, Spain face squeeze
(Reuters)

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