A round-up of the key stories across the specialist financial media, including news that Angela Merkel has won a parliamentary vote to approve Greek aid.
Merkel wins Greek aid vote after warning lawmakers
German Chancellor Angela Merkel has won a parliamentary vote on Greek aid after warning German lawmakers that pushing Greece out of the euro would risk “incalculable” damage.
Standard & Poor's has cut Greece's long-term ratings to 'selective default', the second ratings agency to do so after the country announced a bond swap plan to lighten its debt burden.
HSBC is facing rapidly rising wage costs in fast-growing economies, including China, India and Brazil. The bank may also face criminal charges in the US in relation to transactions involving “Iranian parties.”
Federal authorities are seeking to build insider-trading cases against roughly 120 individuals on and off Wall Street in an expanding criminal insider-trading investigation that has shaken the financial and corporate worlds.
European stock markets opened slightly higher Tuesday, with investors encouraged by improving U.S. economic data, while crude-oil futures continue to ease after last week's strong rally, providing some relief to worries about fresh headwinds for the global economy.