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ECONOMY

Mexico’s peso hits record low on Greece volatility

Mexico’s peso hit a record low on Monday, tracking global markets that have been pressured by fears of a Greek exit from the euro zone after voters in the Mediterranean nation voted against new measures proposed by its creditors. In early morning trading, the peso hit 15.8625 pesos per dollar, down 0.71 percent from Friday’s close.

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Greek crisis: more than $30bn wiped off Australian stock market after no vote

More than $30bn has been wiped off the Australian stock market after debt-ridden Greece’s decision to reject international creditors’ tough bailout terms. The Australian dollar dipped to a six-year low of US$0.7484 in early trading but recovered to 0.7509 as the ASX/S&P 200 and All Ordinaries fell by 1.7%. CMC Markets chief market strategist Ric Spooner said the no result ...

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IMF says Greece needs extra €60bn in funds and debt relief

The International Monetary Fund has electrified the referendum debate in Greeceafter it conceded that the crisis-ridden country needs up to €60bn (£42bn) of extra funds over the next three years and large-scale debt relief to create “a breathing space” and stabilise the economy. With days to go before Sunday’s knife-edge referendum that the country’s creditors have cast as a vote ...

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