EU politicians' long-awaited agreement on eurozone crisis lifts markets worldwide but investors move to cash in view equity rally may not be sustainable
Chinese authorities are on the brink of contributing to the eurozone's bailout fund, but key conditions have to be met first,according to reports.
Leading economists say politicians' agreement on the eurozone debt crisis lacks clarity and is not hard-hitting enough.
Jim Rogers has welcomed last night's eurozone deal, saying the size of the haircut for Greek bondholders was much higher than he had expected.
Confusion over the extent of measures due to be announced at the EU summit today have sparked fresh concerns over policymakers' ability to resolve the sovereign debt crisis.
Economist Nouriel Roubini believes the unresolved debt crisis in Europe has resulted in more than a 50% chance of a worldwide recession.
Leading banks are at odds with European policymakers after lenders offered to take a haircut of 40% on their Greek bonds, but leaders said the proposals do not go far enough.