Kuwait urges Saudi to resume output at disputed oil field

Kuwait City (AFP) - Kuwait has called on Saudi Arabia to resume production at a disputed border oil field, saying its neighbour will be held responsible for revenue losses, reports said Tuesday.

China and the dollar may be about to collide

Who wants a boring Monday, anyway? Chinese shares saw the biggest daily fall since 2007 overnight, partly on fears that officials may be trying to pull back on supporting the market.

Gold sinks to 2010 levels

Gold fell to its lowest price for more than five years last week, as the precious metal was buffeted by the deal to avert a Greek bankruptcy, a potential US interest rate increase and a sharp selloff in China.

Federal Reserve draws criticism after mistakenly releasing rate forecast

Staff economists at the Federal Reserve expect a quarter-point US interest rate increase this year, according to forecasts the Fed mistakenly published on its website in a gaffe that drew criticism of its ability to keep secrets.

Bank of England warns Greek debt crisis could delay interest rate rise

Bank of England policymakers are concerned that backsliding in talks to resolve the Greek debt crisis could delay Britain’s first interest rate rise in eight years, but admitted that the prospect of a hike is increasing as the UK economy strengthens.

Oil prices rebound slightly after ducking under $50

London (AFP) - World oil prices ducked briefly under $50 per barrel on Tuesday, before staging a modest rebound on the eve of the latest snapshot of US crude inventories.

China's corporate debt 160 of GDP twice US level

HONG KONG: Beijing may have averted a crisis in its stock markets with heavy-handed intervention but the world's biggest corporate debt pile 16.1 trillion and rising is a much greater threat to its slowing economy and will not be so easily managed.

Cameron Seeks to Intensify U.K.’s Campaign Against Islamic State

Prime Minister David Cameron said he wants the U.K. to take a bigger role in the struggle to destroy Islamic State in Syria and Iraq.

Experts believe China is building a 'Facebook of human intelligence'

The US has been hacked numerous times over the last many years. Isolated as these incidents may have seen, it’s now becoming clear that a unified entity is behind these huge breaches.

EU Populists Vindicated by Tsipras’s Struggle Take Aim at Euro

Just because Alexis Tsipras had to bow to pressure from creditors, don’t expect the European Union’s renegade movements to give up their struggle anytime soon.

China Retakes Top Oil-Buyer Spot From U.S. Amid Stockpiling

China regained its status from the U.S. as the world’s biggest crude oil importer as shipments surged to fill the Asian country’s strategic petroleum reserves.

Euro zone demands more from Greece, delays decision on aid

BRUSSELS (Reuters) - Skeptical euro zone finance ministers demanded on Saturday that Greece go beyond painful austerity measures accepted by Prime Minister Alexis Tsipras if he wants them to open negotiations on a third bailout for his bankrupt country to keep it in the euro.

China's underground banks spread pain as defaults rise

BEIJING (AP) — Fan Xiaolin, an engineer in Changsha in central China, thought he was safe when he deposited his family's savings of 800,000 yuan ($130,000) in a private finance company he said was recommended by employees of state-owned Bank of China.

Greece Can Easily Get Funding From BRICS Bank: Russia

Russia said Greece could get financing from the New Development Bank operated by Brazil, Russia, India, China and South Africa (BRICS) if it buys a few shares of the institution to become a member.

IMF warns Fed on risks of hiking too soon

WASHINGTON (MarketWatch) — Hiking interest rates too soon could stall the U.S. economy, the International Monetary Fund said Tuesday, embellishing a prior call for the Federal Reserve to hold steady until early next year.

China June inflation seen edging up to 1.3 percent year-on-year but still sluggish

BEIJING (Reuters) - China's consumer inflation likely edged up in June as food prices steadied, while producer prices extended their decline well into a fourth year, reinforcing expectations that more support measures are needed to revive sluggish demand.

Canada Recession Threat Renews Rate-Cut Calls

The threat of a recession and lower interest rates in Canada are making the Group of Seven’s best-performing bond market even more attractive.

Greece crisis: Eurozone rules out talks until after referendum

Eurozone finance ministers have ruled out any further talks on a fresh bailout for Greece until the country holds its referendum on Sunday.

How the Newest U.S. Export May Leave Russia With Excess Gas

With the U.S. as a potential source of gas, Russia has less leverage with a once-dependent Europe.

Interest rates rise could derail recovery, Bank of England economist warns

Raising interest rates too soon from their record low to head off inflation could be a self-defeating move that tips the UK back into recession, Bank of England chief economist Andy Haldane is to warn.