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(MENAFN - AFP) Greece's top administrative court ruled Friday that a weekend referendum asking voters whether or not they support bailout conditions can go ahead, rejecting a challenge by two individuals.

The petitioners -- one of them a former judge on the Council of State that decided the case -- had argued the plebiscite violated the constitution by asking citizens to ...

 
(MENAFN - AFP) Chinese group Geely, the owner of Swedish carmaker Volvo, said Friday it had become a major shareholder in an Icelandic company that operates the world's first renewable methanol fuel plant.

Geely said it would invest $45.5 million (41 million euros) over three years in Carbon Recycling International (CRI) and become a "major shareholder", but did not specify ...

 
(MENAFN - AFP) France and Angola on Friday signed business agreements covering a wide range of economic sectors from oil to hotels, which are potentially worth several hundred million dollars, French officials said.

At the head of a delegation of about 50 French company executives visiting the southern African country, President Francois Hollande hailed "a movement to increase ...

 
(MENAFN - AFP) Tests have ruled out the potentially fatal MERS virus in a Czech tour guide hospitalised in Prague, the health minister said Friday.

"Based on laboratory tests on the patient... I can definitely confirm the disease was not MERS," Svatopluk Nemecek told reporters without elaborating.

The 33-year-old tour guide spent a week in May in South Korea, where ...

3 Jul 2015   European stocks finish lower 
 
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(MENAFN - AFP) Brazil's antitrust body announced a probe into alleged foreign exchange market rigging by 15 banks including Citigroup and HSBC.

"There are strong indications of anticompetitive practices of price fixing" and other manipulations between the banks, the watchdog known as Cade said late Thursday. The alleged cheating lasted from 2007 until at least 2013, authorities ...

 
(MENAFN - AFP) Greek banks have enough liquidity up to their reopening as expected early next week after the country's bailout referendum at the weekend, the bank association said Friday.

The banks have "sufficient liquidity until the planned reopening of the banks on Tuesday", when capital controls imposed by the government following a breakdown in talks with its international ...

 
(MENAFN - AFP) Greece's Prime Minister Alexis Tsipras on Friday defended a weekend referendum he hopes will reset bailout negotiations and demanded creditors forgive a third of the country's debt and allow delayed repayments for the rest.

Sunday's vote is "a time of responsibility and democracy meant to silence the sirens of destruction," Tsipras said in a national television ...

 
(MENAFN - AFP) Oil prices fell on Friday with the focus on high US output as traders looked ahead to Greece's weekend referendum that could determine whether it remains in the eurozone.

West Texas Intermediate for August delivery fell 35 cents to $56.58 a barrel compared with Thursday's close.

Brent North Sea crude for August dropped 44 cents to stand at $61.63 a barrel ...

 
(MENAFN - AFP) After a spate of violent protests and the arrest of two bosses, Uber finally suspended its controversial low-cost UberPOP private driver service in France on Friday, six months after it was banned.

"Uber has decided to immediately suspend UberPOP in France," the US company said in a statement, adding that it was waiting to see the outcome of a legal appeal ...

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