Euro hits four-month low on Greek political uncertainties The euro fell against the dollar on Tuesday and hit fresh four-month low as Greece failed to form new government in the final talks. Russia, Ukraine eye further gas cooperation Russian and Ukrainian leaders Tuesday discussed bilateral cooperation in energy in their talks in Moscow, Acting Russian Foreign Minister Sergei Lavrov said. Will Californians favor taxing rich with sales tax hike for everyone? Californians may support California Governor Jerry Brown's initiative to tax the rich but will not be likely to vote for a sales tax hike for everyone in November as a way to solve the state's budget deficit. • Foreign holdings of U.S. Treasury securities up in March • Japan core machinery orders shrink in March • Moody's downgrade of Italian banks "irresponsible": banking association • Oil edges down after volatility • Suzuki to expand motorbike business in India More

Greece to pay 435 mln euro bonds not exchanged under restructuring plan Greece will make a timely payment of the principal and interest due on approximately 435 million euro worth bonds maturing on May 15 that were not exchanged under the recent voluntary Greek sovereign debt restructuring plan, the Greek Finance Ministry announced on Tuesday. Referendum on European fiscal treaty not to be delayed in Ireland The Irish Referendum Commission said on Tuesday the upcoming referendum on the European fiscal treaty can not be postponed. Compromise "honorable thing" in improving U.S. fiscal sustainability: former president Both Democrats and Republicans should work through their differences to enhance the United States ' fiscal sustainability, as compromise is an honorable thing, former president Bill Clinton said here on Tuesday.

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Biz China Weekly  >> Macro-economy | Industries | Companies Trade | In-depth | Financials | Markets May 7 -May 13 Chinese price watchdog Wednesday cut gasoline and diesel prices for the first time since last October, which has fuelled mixed voices to reform current pricing mechanism for refined oil products.

Special Reports  >> Ratings of banks, countries downgraded in 2012 China's economic figures in April Unemployment clouds Australia's recovery Major credit rating downgradings of Eurozone countries in 2012

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