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Greece's Tsipras digs in against bailout

Protesters wave Greek and EU flags during a pro-Euro rally in front of the parliament building, in AthensBy Renee Maltezou and Alastair Macdonald ATHENS/BRUSSELS (Reuters) - A defiant Prime Minister Alexis Tsipras urged Greeks on Wednesday to reject an international bailout deal, wrecking any prospect of repairing broken relations with EU partners before a referendum on Sunday that may decide Greece's future in Europe. Less than 24 hours after he wrote a conciliatory letter to creditors asking for a new bailout that would accept many of their terms, Tsipras abruptly switched back into combative mode in a television address. A day after Greece became the first advanced economy to default on debt to the IMF, long lines at cash machines provided a stark visual symbol of the pressure on Tsipras, who came to power in January vowing to end austerity and protect the poor.




Wall St. trims gains as Greece deal hopes fade

Trader works on the floor of the New York Stock Exchange shortly after the opening bellStronger-than-expected jobs and construction data supported the market, as did a $28 billion offer from Swiss insurance giant ACE to buy upmarket property insurer Chubb . Greek Prime Minister Alexis Tsipras urged voters to reject bailout terms in the referendum, a day after the country became the first advanced nation to default on an IMF loan repayment. "There were hopes of a deal earlier in the morning and the hopes are literally taken off the table," said Adam Sarhan, chief executive of Sarhan Capital in New York.








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