Financial

  • Why doesn't my gas mileage match EPA estimates? Bankrate.com - 42 minutes ago

    None of us gets the fuel economy that was listed on the window sticker when we bought the car -- nowhere near it, actually. What kind of gas mileage your car gets is dependent on numerous factors. This is why there is a disclaimer (which is required by law) on the window sticker and anywhere an automaker lists a car's fuel economy estimated by the Environmental Protection Agency, or EPA.

  • Bankruptcy timeline: Rebuilding credit Bankrate.com - 42 minutes ago

    Now it's time to start rebuilding your credit. Kevin Chern, a bankruptcy attorney in Chicago, says that when a person files Chapter 7 liquidation bankruptcy, the debtor immediately and dramatically reduces his or her debt-to-income ratio. "After three to five years of living on a strict budget, Chapter 13 debtors should be much more equipped to manage their money efficiently.

  • Sell to a 'buy your house for cash' biz? Bankrate.com - 42 minutes ago

    Legit real estate businesses take their cuts at the end. To ask a question of the Real Estate Adviser, go to the "Ask the Experts" page and select "Buying, selling a home" as the topic. Read more Real Estate Adviser columns and more stories about real estate.

  • Greek voters perplexed over referendum AAP - 7 hours ago

    As Greek banks and markets on Friday remained closed for a fourth day, rival campaigns scrambled to roll out their messages. "Our efforts are focused on overcoming the crisis as fast as possible - with a solution that preserves the dignity and sovereignty of our people," Prime Minister Alexis Tsipras said. The popular 40-year-old prime minister is gambling his government on a call to voters to reject austerity measures demanded by bailout lenders, despite coming close to a deal last week.

  • Days before referendum, Greek voters perplexed and undecided Associated Press - 10 hours ago
    Days before referendum, Greek voters perplexed and undecided

    Costas Christoforidis hasn't decided how to vote in Sunday's referendum on a bailout deal for Greece's troubled economy. The problem is, the 37-year-old farmer isn't sure what he's voting for. "If ...

  • Greek debt must be addressed AAP - 10 hours ago

    Write down, write off, restructure, reprofile ... whatever term you choose, if Greece doesn't completely default on its debt, its creditors will have to address the issue of its massive debt. Sunday's ...

  • EU, IMF heap pressure on Greece days ahead of crucial vote AFP - 13 hours ago
    EU, IMF heap pressure on Greece days ahead of crucial vote

    The EU and IMF heaped pressure on Greece, warning of the perilous state of the country's finances, days ahead of a controversial referendum that could determine its future in the eurozone. As Greece's leftist leaders staked their political lives on the outcome of Sunday's vote, the International Monetary Fund warned the country's growth prospects had deteriorated dramatically since the Syriza party came to power in January.

  • The case for Greece: when it forgave Germany's debt Associated Press - 13 hours ago
    The case for Greece: when it forgave Germany's debt

    Forgiving debt, if done right, can get an economy back on its feet. The International Monetary Fund certainly thinks so, according to a new report in which it argues Greece should get help. But Germany, ...

  • IMF Offers Bleak Outlook for Greece; Further Debt Writeoff May Be Needed DailyFX - 13 hours ago

    IMF Offers Bleak Outlook for Greece; Further Debt Writeoff May Be Needed

  • The Latest: Greece: IMF report justifies Greek debt stance Associated Press - 16 hours ago
    The Latest: Greece: IMF report justifies Greek debt stance

    The latest news on Greece's financial woes (all times local): ___ 8:45 p.m. Greece's government says the International Monetary Fund's report on Greece "completely justifies" Greece's position ...

  • Crowdfunding Greece's Bailout: Is It Practical? Entrepreneur - 17 hours ago
    Crowdfunding Greece's Bailout: Is It Practical?

    Thom Feeny's campaign is simple enough, but its execution isn't cut and dried.

  • The Latest: Greece: Banks open Tuesday, deal 'a certainty' Associated Press - 18 hours ago
    The Latest: Greece: Banks open Tuesday, deal 'a certainty'

    The latest news on Greece's financial woes (all times local): ___ 7:20 p.m. Here's the question all Greeks want to know: When will the banks reopen? Greek Finance Minister Yanis Varoufakis had an answer ...

  • Average US rate on 30-year mortgage rises to 4.08 percent Associated Press - 18 hours ago
    Average US rate on 30-year mortgage rises to 4.08 percent

    Average long-term U.S. mortgage rates rose this week, reaching high levels for the year. Mortgage giant Freddie Mac said Thursday the average rate on a 30-year fixed-rate mortgage rose to 4.08 percent ...

  • The Latest: NATO: Alliance concerned about Greek turmoil Associated Press - 18 hours ago
    The Latest: NATO: Alliance concerned about Greek turmoil

    The latest news on Greece's financial woes (all times local): ___ 6:55 p.m. NATO Secretary General Jens Stoltenberg says the military alliance is concerned about the financial turmoil in Greece, which ...

  • The Latest: IMF: Greece needs debt relief and $56 billion Associated Press - 19 hours ago
    The Latest: IMF: Greece needs debt relief and $56 billion

    The latest news on Greece's financial woes (all times local): ___ 6 p.m. The International Monetary Fund says Greece needs debt relief and 50 billion euros ($56 billion) in new financing from October through ...

  • The Latest: Only 1 week to campaign for crucial Greek vote Associated Press - 19 hours ago
    The Latest: Only 1 week to campaign for crucial Greek vote

    The latest news on Greece's financial woes (all times local): ___ 5:35 p.m. The campaigns for Greece's Sunday referendum on economic demands by creditors have been hampered by the short time available ...

  • The Latest: Greeks unsure what 'yes' or 'no' vote will mean Associated Press - 20 hours ago
    The Latest: Greeks unsure what 'yes' or 'no' vote will mean

    The latest news on Greece's financial woes (all times local): ___ 5 pm p.m. Campaigning for Greece's bailout referendum has begun in earnest, but voters are far from clear on the question being put to ...

  • Banker pay rebounds but only for a few Financial Times - 22 hours ago

    Bank chief executives' pay is rapidly returning to pre-crisis levels - but only if your name happens to be Jamie Dimon or James Gorman. For the rest of the world's banking leaders, even a scarcity of seasoned ...

  • The Latest: Germany says EU's hands tied until referendum Associated Press - 22 hours ago
    The Latest: Germany says EU's hands tied until referendum

    The latest news on Greece's financial woes (all times local): ___ 3:03 p.m. Germany's foreign minister says the European Union's hands are tied on Greece until that nation's people vote on the last bailout ...

  • The Latest: Hollande sees quick Greek deal if 'yes' wins Associated Press - 23 hours ago
    The Latest: Hollande sees quick Greek deal if 'yes' wins

    The latest news on Greece's financial woes (all times local): ___ 2:20 p.m. President Francois Hollande says creditors could get a new rescue deal for Greece quickly if they vote 'yes' in Sunday's referendum. ...

  • Stakes rise in Greece's bailout referendum AFP - Thu, Jul 2, 2015 8:21 PM AEST
    Stakes rise in Greece's bailout referendum

    The radical left government of Prime Minister Alexis Tsipras "may very well" resign if Greeks spurn its call to vote 'No' in Sunday's plebiscite, Finance Minister Yanis Varoufakis told Australian radio. Exasperated EU leaders warned the eurozone would be plunged into "unknown" territory if the Greek government got its way in the vote. The International Monetary Fund (IMF) meanwhile highlighted the deteriorating situation in Greece by slashing the country's growth forecast this year from 2.5 percent to zero.

  • What to do when the debt collector calls Bankrate.com - Thu, Jul 2, 2015 8:00 PM AEST

    Dear Debt Adviser, Recently, a collector called me about an unpaid debt from 2002. She threatened to garnish my husband's wages by 25% and "1099" us when we file our taxes. She said we could ...

  • National mortgage rates for July 2, 2015 Bankrate.com - Thu, Jul 2, 2015 8:00 PM AEST

    Interest Rate Roundup Find the best mortgage rates in your area. Mortgages 30-year fixed: 4.19% Average points: 0.21 Mortgage rates were mixed this week, according to Bankrate's July 1 survey of interest ...

  • Greeks waver between 'Yes' and 'No' ahead of bailout vote AFP - Thu, Jul 2, 2015 7:00 PM AEST
    Greeks waver between 'Yes' and 'No' ahead of bailout vote

    Is it better to vote 'No' in the upcoming referendum and unshackle Greece from its creditors, or say 'Yes' to Europe? Prime Minister Alexis Tsipras has urged people to vote against the latest bailout deal offered by European governments, the European Central Bank and International Monetary Fund, slamming their conditions as "humiliating". Orange posters urging a 'No' vote line the streets, the word 'OXI' (no in Greek) stamped in large black letters, and towards evening groups of youngsters target the city's bars and clubs with flyers urging people to defy the creditors.

  • Greece proceeds with vote plan as creditors rebuff overture Associated Press - Thu, Jul 2, 2015 1:20 PM AEST
    Greece proceeds with vote plan as creditors rebuff overture

    The Greek government vowed Wednesday to go ahead with plans to have the people decide whether they want more austerity measures in exchange for a rescue deal. Greece offered more concessions to its creditors, ...

  • Greek government 'may resign' if it loses referendum AFP - Thu, Jul 2, 2015 1:13 PM AEST
    Greek government 'may resign' if it loses referendum

    Greece's radical left government said Thursday it may resign if it fails to win a referendum that could decide the country's financial future. Greek Finance Minister Yannis Varoufakis said the government "may very well" quit if the public went against it in Sunday's plebiscite and voted for more austerity in return for international bailout funds. The world's financial markets and Greece's creditors -- the European Commission, European Central Bank (ECB) and International Monetary Fund (IMF) -- are stepping back after days of dizzying drama to watch the outcome.

  • Greek situation 'deteriorating': Dijsselbloem AFP - Thu, Jul 2, 2015 11:48 AM AEST
    Greek situation 'deteriorating': Dijsselbloem

    Eurogroup chief Jeroen Dijsselbloem warned Thursday that Greece's financial situation is deteriorating, saying a 'No' vote in Sunday's crunch referendum would question whether Athens still had a place within the eurozone. "The situation is only getting worse, due to Greek government's behaviour," Dijsselbloem, who is also Dutch finance minister, told a parliamentary question-and-answer session in The Hague. Although Athens insists the referendum is narrowly on tough austerity conditions attached to a bailout that expired on Tuesday, EU leaders say it is a vote on whether Greece wants to remain in the euro.

  • Greek government 'may resign' if referendum goes against it AFP - Thu, Jul 2, 2015 11:33 AM AEST
    Greek government 'may resign' if referendum goes against it

    Greece's radical left government suggested it would resign if it fails to get its way in a make-or-break referendum Sunday that could decide the country's financial future. Greek Finance Minister Yanis Varoufakis said the government "may very well" quit in a radio interview Thursday in which he also said "we are on a war footing" to ensure the rushed referendum happens in time. International creditors and markets are stepping back after days of dizzying drama over the Greek crisis to watch the outcome of the consultation at the weekend.

  • Even with a bailout, Greece must tackle debt AFP - Thu, Jul 2, 2015 11:27 AM AEST
    Even with a bailout, Greece must tackle debt

    Write down, write off, restructure, reprofile...whatever term you choose, if Greece doesn't completely default on its debt, its creditors will have to address the issue of its massive debt. As part of its bailout Greece has slashed spending, pensions and wages while hiking taxes to generate funds. Economist Charles Wyplosz said that from Greece's first bailout in 2010, the bailout programme "should have started with a reduction in debt.

  • Insurance M&A: Chubb-y premium Financial Times - Thu, Jul 2, 2015 8:09 AM AEST

    Low interest rates should only be an ancillary factor in dealmaking. Meagre borrowing costs merely nudge the balance in favour of pursuing a transaction (classic theory says that the financing decision ...

  • Greek PM urges 'No' vote to strengthen his hand AFP - Thu, Jul 2, 2015 7:38 AM AEST
    Greek PM urges 'No' vote to strengthen his hand

    Prime Minister Alexis Tsipras urged Greeks to vote 'No' in a referendum Sunday on bailout proposals after European leaders ruled out any further debt talks until seeing the outcome. A defiant Tsipras said in a TV address Wednesday that a 'No' vote would strengthen his hand in negotiations with international creditors after six months of tortuous talks have failed to produce a deal. Tsipras insisted voting 'No' would not signify "a rupture with Europe" despite efforts by EU leaders to cast it as a referendum on Greece's place in the bloc.

  • Greece faces import shortages, terror risk: Experts CNBC - Thu, Jul 2, 2015 3:10 AM AEST
    Greece faces import shortages, terror risk: Experts

    The situation in Greece could result in rapid economic deterioration and increased risk of terrorism in Europe and the U.S., experts said.

  • The Latest: Merkel says Greek talks only after referendum Associated Press - Thu, Jul 2, 2015 1:28 AM AEST
    The Latest: Merkel says Greek talks only after referendum

    The latest news on Greece's financial woes (all times local): ___ 6:24 p.m. German Chancellor Angela Merkel is sticking to her position that there can be no negotiations on a new aid package before Greece ...

  • The Latest: Tsipras slams talk of euro exit after referendum Associated Press - Thu, Jul 2, 2015 1:15 AM AEST
    The Latest: Tsipras slams talk of euro exit after referendum

    The latest news on Greece's financial woes (all times local): ___ 6:01 p.m. Greek Prime Minister Alexis Tsipras said suggestions this Sunday's referendum will determine whether Greece stays in the euro ...

  • The Latest: Tsipras vows to push on with referendum Associated Press - Thu, Jul 2, 2015 12:43 AM AEST
    The Latest: Tsipras vows to push on with referendum

    The latest news on Greece's financial woes (all times local): ___ 5:40 p.m. Greek Prime Minister Alexis Tsipras has vowed to push on with his plan for a referendum this Sunday on the recent proposals from ...