Euro, stocks hit by Greek vote; China bounces after rescue moves

SYDNEY/TOKYO - Asian stocks and the euro stumbled on Monday after a Greek vote against austerity measures endangered its future in the single currency and raised the risk of a full-blown crisis in the euro zone.

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Japan policymakers pledge to temper potential market volatility after Greek upset

TOKYO - Japanese policymakers on Monday pledged to work closely to guard against financial market volatility after Greek voters rejected euro zone austerity measures.

Japan, Greece 8:04pm EDT

Zeroing in on empty homes, China throws developers a lifeline

BEIJING - Dismayed by the millions of unsold homes in China's troubled real estate market, the Chinese government is taking matters into its own hands: by buying some properties and turning them into public housing.    Like a white knight riding to the rescue of distressed developers, a handful of local governments are snapping up thousands of empty homes at hefty discounts and re-selling them to the country's poorest households.

China, Housing Market 5:07pm EDT

Britain's banks call on government to phase out industry levy

LONDON - Britain's banks have called upon the government to phase out the bank levy, saying it is damaging the competitiveness of the industry and causing them to lose business to overseas rivals.

7:22pm EDT

Chipotle shares could plunge unless growth revives: Barron's

NEW YORK - Shares of Chipotle Mexican Grill Inc have lost some of their luster recently and unless growth revives at the company, the stock could see a 15 percent to 20 percent plunge, the July 6 edition of Barron's said.

4:01pm EDT


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