European leaders have failed to break the deadlock in the Greek debt crisis, with the country's future in the Euro bloc remaining uncertain.
Euro zoneAthens has submitted belt-tightening proposals to try to unlock a new bailout package from its European creditors just two hours before a midnight deadline. The government of Greek Prime Minister Alexis Tsipras asked for a three-year bailout loan of 53.5 billion euros, in a last-minute effort to keep the country within the Euro zone. In return, Greece offered a
China's consumer inflation climbed slightly in June, whereas stubbornly weak producer prices dropped again, sparking concerns about a sluggish Chinese economy, which is also struggling due to a stock market rout.
Australia's jobless rate rose slightly in June, while the employment change increased unexpectedly, according to the Australian Bureau of Statistics.
The Bank of England held its benchmark interest rate unchanged as strong growth at home was offset by worries about clouding economic outlook abroad.
The number of people applying for unemployment benefits rose more than expected in the week ended 4 July.
Athens has submitted belt-tightening proposals to try to unlock a new bailout package from its European creditors just two hours before a midnight deadline.
Canada's building permits declined more than expected in May as builders intended to construct fewer multi-family homes and institutional facilities.
The Bank of Japan could expand its monetary stimulus to combat any surge in the Japanese Yen triggered by the Greek debt crisis, Koichi Hamada, economic adviser to Prime Minister Shinzo Abe said.
UK Chancellor George Osborne delivered the first budget by a majority Tory government since 1996 on Wednesday, introducing deep cuts to the UK's benefit system.
The minutes of the latest FOMC meeting showed Fed officials were worried about the possible effect of the Greek debt crisis on the US economy.
The Greek government sent a formal request for a new bailout to the European Stability Mechanism, asking for a three-year loan facility.
Canada's merchandise trade deficit unexpectedly increased to the second largest on record in May, adding to signs that weakness caused by an oil shock has extended beyond the first quarter.
Japan logged a current account surplus for the 11th consecutive month in May as lower energy prices narrowed trade deficit and a weak Yen boosted income from overseas investments.
The British manufacturing production unexpectedly dropped in May, while total industrial output beat economists' expectations on the back of a strong growth in oil and gas extraction in more than a year.
The US trade deficit increased 2.9% in May amid weak exports of aircraft and other manufacturing goods.
Greece has 48 hours to come up with a reform plan to secure a deal with its European creditors, and keep the country within the Euro bloc.
Canada's purchasing activity rose in June at a slower pace than expected, retreating from its high reached in the preceding month. Ivey PMI came in at 55.9, with a reading above the 50-mark threshold indicating expansion.
New Zealand business confidence declined to the lowest level in three years in the second quarter as the economic outlook lost lustre.
The Reserve Bank of Australia kept its official cash rate unchanged at 2.00%. While the rhetoric was largely unchanged, the RBA retained a soft easing bias.
Even though activity in the US non-manufacturing sector rose in June, it fell shy of economists' expectations.
After Greek voters supported Alexis Tsipras' government by saying "no" to more austerity in exchange for a new round of bailout funding from its international creditors, Yanis Varoufakis, Greek Finance Minister, unexpectedly announced his resignation.
Activity in China's services sector fell to the lowest level in five months in June, reinforcing the view the economy still needs further monetary assistance from Beijing.
Australia's retail sales rebounded in May after a soft performance in April, but remained weaker than economists had expected, according to the Australian Bureau of Statistics.