Greece Votes “No”: Markets React Calmly, Eye China

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Greece Votes “No”: Markets React Calmly, Eye China – Profit & Loss (free story)
Greece’s historic referendum on whether to accept the terms of a new bailout has voted ‘no’ by a wider than expected margin. With all votes counted, the ‘no’ vote had achieved a 61.3% share, higher than the 55-58% predicted at the end of last week.

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Wave of Contagion Expected After Dramatic Weekend Raises ‘Grexit’ Chances

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Wave of Contagion Expected After Dramatic Weekend Raises ‘Grexit’ Chances – Reuters
Global financial markets are braced for a wave of contagion from Greece on Monday, with expected heavy losses for southern European government bonds and regional stock markets as investors scramble to discount a possible “Grexit” that most had still assumed was unlikely as late as Friday afternoon.

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SFO to Interview FX Traders Under Caution

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SFO to Interview FX Traders Under Caution – Financal Times (subscription)
UK investigators are preparing to interview suspects under caution as part of their criminal inquiries into whether the foreign exchange market was rigged. Former traders, including Citigroup’s ex-European head of spot trading Rohan Ramchandani, who was a member of a chatroom known as the Cartel, will be questioned by the Serious Fraud Office within the next 12 weeks.
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