BANGKOK (AP) - Asian stocks rose today as Japan's powerhouse exporters got a boost from hopes of new moves to weaken the yen while a deal appeared within reach between Greece and its creditors to cut the country's massive debt load.
International lenders have refused to approve more aid unless Greece learns to live within its means and implements a strict austerity program. Without an injection of emergency money - some $170 billion is on the line - Greece will likely default on bond repayments due next month.
Benchmark crude oil approached $99 per barrel while the dollar was virtually flat against the euro but higher against the yen.
First Coast News