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Tourists undeterred despite Greek drama

The Greek economy may face more trouble after voters delivered a defiant no to the terms of a bailout, but tourists remain undeterred and the prospect of rock-bottom prices may even be increasing interest. Travel associations in Britain, Germany and France report no cancellations so far and say bookings have been strong. In fact, searches for flights to Greece from Britain and Spain are up in recent days, says travel

Southern European bond yields up, but no panic after Greek vote

Italian, Spanish and Portuguese bond yields each rose 10 to 20 basis points on Monday after an overwhelming Greek vote against EU-prescribed austerity measures that could set Athens on a path out of the euro zone. The moves were modest, within the trading ranges of the past three weeks, as investor faith in the European Central Bank’s firewalls protected the weaker euro zone economies. The resignation of Greece’s combative Finance

Invisible hand meets China's fist in stock-market meddling

Amid the country’s worst stock slump since 1992, President Xi Jinping’s government is dusting off its Communist Party playbook and unleashing all manner of state interventions to halt the slide in share prices. For now, though, the visible hand is back, with stabilizing equity markets as priority one. The Shanghai Composite Index has fallen 27 percent since its June 12 peak, posing policy makers with a dilemma: How to maintain