The 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.
THE HAGUE (Reuters) - The Greek referendum has made discussions with its creditors more difficult, Eurogroup chief Jeroen Dijsselbloem told reporters on Monday, but he expressed hope that the process could be saved.
By Parisa Hafezi and Louis Charbonneau VIENNA (Reuters) - Iran's foreign minister said on Monday some differences still remained between Iran and six powers over the country's disputed nuclear program ahead of Tuesday's deadline for a final agreement to end a 12-year-old dispute. ... Some differences remain and we are trying and working hard," Mohammad Javad Zarif told reporters. The deal under discussion between Iran and the powers is aimed at curbing Tehran's most sensitive nuclear work for a decade or more, in exchange for relief from sanctions that have crippled the Iranian economy.