GREECE: ‘ IMF Receives 448 Million Euros but Future Funding is in Doubt as Talks Continue in Brussels ‘

#AceFinanceReport – GREECE:April.10: Greece on Thursday repaid (9 April) €448 million to the International Monetary Fund (IMF), amid ongoing talks in the EU capital, Brussels, on proposed reforms and extra bailout funds.

The IMF installment is repayment of a loan from the first Greek bailout in 2010 and part of €3 billion of total loan and bond payments due this month.

Greece needs to pay a further €1 billion in May and fund €1.5 billion of civil servants’ salaries and pensions each month.

It succeeded in selling new debt on Wednesday and, Greek sources told the AFP news agency, will meet all of its April repayments.

But things do not sound so rosy in Brussels.

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MARKETS & TRADING: ‘ FTSE 100 Called to Open Higher, Commodity Prices Flat to Firmer on Forex ‘

#AceFinanceNews – April.10: The FTSE 100 is called to open higher this morning despite the mixed overnight performances on Wall Street and in Asia.

The economic diary today sees the release of domestic manufacturing and industrial production figures for investors to focus upon.

Commodity prices are flat to firmer and on the foreign exchanges, the dollar is slightly weaker against the pound, euro and yen but all are within narrow trading ranges ahead of these UK data releases.

It is quieter end to the week for major corporate news.

Disclaimer: This article is not written by ACE NEWS GROUP. The original source of this information can be found on this website here: