The capital controls imposed on Greece’s banks will remain in place for at least another two months, Economy Minister George Stathakis said on Saturday, as euro zone finance ministers met in Brussels to discuss a request by Athens for a new bailout. Source Ekathimerini
British Steel Ltd.’s three-year run as a company ended on Wednesday, putting 5,000 jobs at risk and piling fresh misery on the U.K.’s manufacturing base. Source: Bloomberg
Japan’s goods trade surplus plunged 90.3 percent in April from a year earlier to 60.4 billion yen ($546 million), hit by weak exports to China amid U.S.-China trade tensions. Source: Mainichi
British Steel, the country’s second largest steel producer, is on the brink of collapse unless the government agrees to provide an emergency 30 million pound ($38 million) loan, two sources close to the situation said. British Steel said negotiations had not concluded and it continues to work with all parties to secure the future of the business. It also reassured employees that their salaries will be paid in full for May. Source: Reuters
