Trading in Greek stocks will resume Monday, ending a five-week closure of the country's main stock exchange, but strategists say it could take months before investors' confidence in Greek assets is restored.
Taxi-hailing company Uber has completed a $1bn funding round, raising cash from Microsoft and other companies. The US firm has also been backed by the investment arm of India's Bennett Coleman & Co, according to the WSJ.
China's securities regulator is targeting high-frequency traders in its latest attack on price manipulation, amid stock market turbulence that has sparked concerns over the stability of the broader financial system.
WASHINGTON The International Monetary Fund can only approve new loans for Greece after Athens reaches an agreement with European governments that would ensure it can pay its debts, an IMF official said on Thursday.
The bank's failure played a major part in forcing the government to seek help from the EU and IMF. Photograph: Peter Muhly/AFP/Getty Images.