Greece extends bank closures; Chinese stock market rises after 10 days of falling prices; US and Japanese officials meet ahead of TPP meeting; Syrian refugees top four million; Nigerian troops arrest bombing 'mastermind' responsible for 69 deaths; and more
TOP OF THE AGENDA
Greece Extends Bank Closures
Greek authorities extended (Deutsche Welle) bank closures and a sixty-euro limit on cash withdrawals through Monday as Athens faces a midnight deadline to put forward a plan for reforms in exchange for a bailout. IMF chief Christine Lagarde and U.S. Treasury Secretary Jack Lew said that Greece will need debt restructuring (FT), in what is seen as a move to increase pressure on European leaders to avoid Greece's possible departure from the eurozone. Eurozone leaders will meet to discuss the Greek debt crisis in Brussels on Sunday.
New Intervention Triggers Uptick in Chinese Stocks
In a bid to shore up China's stock market, authorities issued (WSJ) new measures on Wednesday, including a six-month ban on selling for large shareholders. The Shanghai Composite Index closed up 5.8 percent after sustaining losses over the past ten trading days.
JAPAN: U.S. and Japanese officials met (Kyodo) on Thursday to discuss outstanding bilateral issues ahead of a ministerial meeting with the twelve participating nations in the Trans-Pacific Partnership free trade agreement slated for later this month.
CFR's Joshua Kurlantzick comments on what the TPP will mean for Southeast Asia in this blog post.
Syrian refugees top four million
Nigerians arrest bombing 'mastermind' responsible for 69 deaths
This is an excerpt of the CFR.org Daily News Brief. The full version is available on CFR.org