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World

For Greeks, burgeoning gig economy means low wages, long hours

ATHENS (Reuters) - When he set up his own business washing boats and cars on the Greek island of Skyros nearly a decade ago, 42-year old Nikos Vourliotis was a young man with dreams and aspirations.

Business

Kuroda warns of dangers of heavy money printing

TOKYO: Bank of Japan (BoJ) governor Haruhiko Kuroda warned of the potential dangers of heavy money printing, saying that financial bubbles, when accompanied by excessive lending by commercial banks, tend to trigger financial crises.

World

Greek PM calls snap vote after drubbing for ruling Syriza

ATHENS (Reuters) - Greek Prime Minister Alexis Tsipras called snap national elections after suffering a heavy defeat by the opposition conservatives in European Parliament elections on Sunday.

World

Tsipras declares 'day of liberation' after Greece exits bailout

ATHENS (Reuters) - Prime Minister Alexis Tsipras hailed the end of a "modern-day Odyssey" on Tuesday after Greece emerged from nine years of bailouts, saying it should never forget the harsh lessons learned under tight financial supervision by its creditors.

World

Malta had concerns about bank with Azeri clients, kept it open

VALLETTA, Malta (Reuters) - Last April, a Maltese journalist published stories saying a private bank on her island was serving high-ranking customers in Azerbaijan, and alleging it was processing corrupt payments. Six months later the journalist, Daphne Caruana Galizia, was murdered.

Business

President Xi turns deleveraging sights on local governments, state firms

BEIJING: China’s President Xi Jinping urged local governments and companies – especially state-owned enterprises (SOEs) – to speed up efforts to reduce debt, as part of what he called the “critical battles” against financial risk, pollution and poverty.

Business

Singapore looking at rules for cryptocurrencies

SINGAPORE: Singapore’s central bank is assessing whether additional regulations are required to protect investors in cryptocurrencies, an official said in a speech.

Business

Hedge funds may be hardest hit by China’s new tax

SHANGHAI: Hedge funds may be the biggest losers from a new 3% tax on some investment returns in China.