* 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.
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.
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.