Investors hedging against Greece, but there's no panic
Athens says government "may very well" quit if it fails to get its way in Sunday's make-or-break referendum
New York
GLOBAL investors are hedged against a potential exit of Greece from the eurozone ahead of Sunday's referendum, but they're not betting on a huge fallout in financial markets even if there is a negative outcome.
Currency, bond, and equity investors have turned defensive, trimming exposure in the eurozone. They're generally of the mindset, though, that a last-minute deal will be struck and it will be an opportunity to snap up eurozone assets again.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Vietnam tycoon appeals against US$27 billion fraud death sentence
US announces new restrictions on firearm exports
Central banks will probably only cut half as much as they hiked
US consumer sentiment falls as inflation expectations climb
HSBC wins £1.3 billion suit over Disney film finance scandal
WTO countries to reboot dispute reform negotiations