Traders now betting Fed to wait until 2016 for first rate hike Jul 2, 2015 08:59AM

(Reuters) - U.S. short-term interest-rate futures contracts rose on Thursday as a weaker than expected government report on jobs prompted traders to put on bets the Federal Reserve will wait to raise interest rates until next year.

Futures contracts show that traders now see January as the first Fed meeting when a rate hike is more likely than not, based on CME FedWatch, which tracks expectations using its Fed funds futures contracts.

Traders see just a 49 percent chance... (continue reading...)


STMicro (STM) signs $500 million supply deal with China's Huawei Jul 2, 2015 07:55AM

TOULOUSE, France (Reuters) - French microchip maker STMicro (NYSE: STM) signed a $500 million with China's Huawei on Thursday to bolster its supply relationship with the Chinese telecom equipment provider, the French government said in a statement.

The five-year deal, signed during a visit to France by Chinese Prime Minister Li Keqiang, is expected to lead to an increase in orders for the semiconductor manufacturer, the statement said.

(Reporting by Julien Ponthus; editing by Jason Neely)


China central bank chief says to keep economy healthy Jul 2, 2015 07:40AM

BEIJING (Reuters) - China's central bank will pursue a prudent monetary policy and keep the world's second-biggest economy growing at a "healthy" rate, Governor Zhou Xiaochuan said on Thursday.

In remarks reiterating the central bank's policy stance, Zhou added that authorities would firmly guard against systemic or regional financial risks in the country.

His comments were published on the central bank's website.

(Reporting by Koh Gui Qing; Editing by Clarence Fernandez)


Greek president cancels planned trip to Berlin on Tuesday: source Jul 2, 2015 07:19AM

ATHENS (Reuters) - Greek President Prokopis Pavlopoulos has canceled a trip to Berlin planned for Tuesday, which will come two days after a referendum on an international bailout, a person with knowledge of the issue said on Thursday.

As head of state, Pavlopoulos would be responsible for overseeing a change of government in the event that Prime Minister Alexis Tsipras were to resign following the referendum, which is widely seen as a vote on the future of Greece in... (continue reading...)


Former Greek PM appeals to Greeks to vote 'yes' on Sunday Jul 2, 2015 07:12AM

ATHENS (Reuters) - Former conservative Greek Prime Minister Costas Karamanlis urged Greeks to vote in favor of a bailout offer from creditors during Sunday's referendum, in a rare public address to the nation since losing elections in 2009.

Karamanlis has stayed out of the spotlight since then but his name has reappeared in recent days in some Greek media as a potential leader of an interim government in case Prime Minister Alexis Tsipras were to resign if a "yes" vote... (continue reading...)


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