Greeks vote 'No' - What now? LIVE REPORT
* Greece's flamboyant Finance Minister Yanis Varoufakis has resigned, in a move seen as a concession to creditors irked by his sometimes erratic approach to negotiations. * Greece is fast running out of cash, with restrictions on bank withdrawals, the economy in deep freeze and its banking sector propped by a European Central Bank lifeline. * The ECB has pledged to keep Greek banks solvent for now, but it is unclear how long that will last.
China stocks rise as Beijing's emergency moves brings some relief
By Samuel Shen SHANGHAI (Reuters) - Chinese stocks rose on Monday, as an unprecedented series of support measures unleashed by Beijing brought some relief to a market whose headlong slide over the past three weeks had raised fears about the stability of the world's second-biggest economy. In an extraordinary weekend of policy moves, brokerages and fund managers vowed to buy massive amounts of stocks, helped by China's state-backed margin finance company, which in turn would be aided by a direct line of liquidity from the central bank. Oliver Barron, China policy research analyst at NSBO, said it wasn't just faith in the markets at stake after investors had ignored official measures to prop up equities as indexes slid around 12 percent last week.
Yemen government raises prospect of truce, warplanes bomb Sanaa
By Sami Aboudi and Mohammed Ghobari DUBAI/SANAA (Reuters) - Yemen's exiled government said on Monday it expects a deal shortly on a humanitarian ceasefire that would run through the Muslim Eid al-Fitr holiday later this month, as the capital Sanaa came under renewed air strikes. The United Nations has been pushing for a halt to fighting and air strikes that have killed nearly 3,000 people in Yemen since March when a Saudi-led coalition intervened against Houthi forces in a bid to restore President Abd-Rabbu Mansour Hadi. "We are now in consultations for guarantees to ensure the success of the truce," Hadi spokesman Rajeh Badi told Reuters.
The Latest: EU's Dombrovskis says 'no' vote widens gap
China-listed firms rush to file trading halts as markets slumpThe number of Chinese-listed companies seeking to halt trading in their shares has surged since the country's bourses began a precipitous plunge in the middle of last month, prompting concern some firms are trying to escape the turbulent markets. Over 700 firms listed in Shanghai and Shenzhen - equivalent to around a quarter of the firms on the two exchanges - have issued requests to suspend trading or extend trading halts since a June 12 peak, according to an analysis of company filings. The number of firms that have requested trading halts or extensions since then is around double the number for all of April, the analysis shows, underlining a concern traders have that firms can too easily suspend their shares to avoid the worst impacts of a downturn.
Greek finance minister quits to smooth talks after thunderous 'No'
ATHENS/FRANKFURT (Reuters) - Greece's outspoken finance minister resigned on Monday, removing a major obstacle to any deal to keep Athens in the euro zone after Greeks voted resoundingly to back the government in rejecting the austerity terms of a bailout. Yanis Varoufakis, an avowed "erratic Marxist" economist who infuriated euro zone partners with his unconventional style and hectoring lectures, had campaigned for Sunday's sweeping 'No' vote, accusing Greece' creditors of "terrorism". Greece's chief negotiator in aid talks with international creditors, Euclid Tsakalotos, a soft-spoken academic economist, is the frontrunner to become finance minister, a senior government official said.
Hollande's office denies further Monday phone chat with TsiprasFrench President Francois Hollande's office denied that he had held a further telephone conversation with Greek leader Alexis Tsipras, countering remarks by a Greek source that such a discussion had taken place. Hollande and Tsipras spoke by phone on Sunday night and Hollande is due to meet German leader Angela Merkel in Paris on Monday evening following the Greek people's resounding 'No' to a European cash-for-reform deal in a referendum.
AP PHOTOS: Editor selections from Asia
Tragedy struck Indonesia when a military transport plane crashed into a residential neighborhood in Medan, the country's third-biggest city, killing all 122 on board and at least 19 people on the ground. Almost exactly a decade ago, the neighborhood was the scene of another plane accident when a Boeing 737 crashed into the middle-class community.
China downplays Hillary Clinton claim it hacked U.S. information
China on Monday downplayed an accusation by U.S. Democratic presidential candidate Hillary Clinton that Beijing had tried to "hack into everything that doesn't move in America". At a campaign event in New Hampshire on Saturday, Clinton said the U.S. must be "fully vigilant" about China's military, adding that Beijing had stolen commercial secrets from defense contractors and "huge amounts of government information". Beijing has in the past expressed outrage over U.S. government claims it engages in state-sponsored hacking of commercial information, saying China is itself a victim of hacking attacks.
Chinese small investors look for way out of stocks
BEIJING (AP) ? Shares in big state companies soared Monday after promises of government action to halt a slide in Chinese stock prices but many others sank as jittery small investors tried to cut their losses.