* More drastic restructuring still likely * European banks holding billions of euros in Greek sovereign debt appear to be moving towards agreement on a rollover in which they would buy new
The cost of insuring Greek government debt against default rose to a record high of 1,600 basis points on Monday, hit by concerns that any second rescue of Greece will trigger a
China's avid Internet users are taking a leaf from India's anti-corruption drama by opening websites so citizens can confess, sometimes in pitiless detail, to buying off officials. Chinese people can be disdainful
Passenger traffic at BAA's airports increased by 9.2% last month compared to May 2010, with the late Easter holidays and Royal Wedding leading to more passengers at the beginning of the month.
China's money growth slowed to a 30-month low in May and banks extended fewer new loans than expected as monetary policy weighed on bank lending, but stubborn inflation is expected to persuade
More than 20,000 Greeks protested against austerity measures in Athens on Sunday and workers at state-owned utility PPC/DEH announced strikes to oppose government plans to sell the company. In the 19th straight
The euro strengthened on Monday, though its gains appeared short-lived as major European powers continue to haggle over a fresh rescue package for Greece, while Asian stocks extended a seven-week losing streak
Kuwait has arrested a Kuwaiti Shi'ite Muslim man for publishing criticism of the ruling families in Bahrain and Saudi Arabia on social media site Twitter, a security source said on Saturday. Nasser
French banks have agreed in principle to a rollover of Greek debt on condition that all creditors do the same, Britain's Financial Times reported on its website on Friday. The FT, citing
European paymaster Germany stuck to its guns on Friday in demanding that private investors contribute to a second bailout for Greece despite a European Central Bank warning against triggering market turmoil. Finance
