ELECTIONS

?The moment of truth is approaching for everyone,? said Kouvelis.

The administrative court suspended the election after it emerged the date had been wrongly set by an independent electoral commission, and not by the military council who rule the country.

The government is also permitting about 500 foreign observers, including 120 from the European Union, to monitor the elections.

Venizelos, the former finance minister, said he will ?explore all possibilities? in his quest to create an alliance with rival parties, including ND, Syriza and the Democratic Left.

The companies whose shares are moving in pre-market trade Thursday are: Aegon N.V., Banco Santander, Alpha Natural Resources, Cisco Systems, CGG Veritas, Arena Pharmaceuticals Inc and Unilever plc.

Political scepticism may mar the Algerian parliamentary election Thursday even as the ruling government aims at easing the pressure for democratic change created by the Arab Spring revolts last year.

In Athens, leftist Alexis Tsipras became the second political leader to try and form a government on Wednesday, after first placed New Democracy party leader Antonis Samaras abandoned attempts on Monday.

Bombay Stock Exchange (BSE) sensex closed at a four month low by shedding nearly 67 points on Wednesday as weak global trends triggered heavy fund outflows.The BSE bench mark 30 share index lost 66.60 points to reach 16,479.59, dragged down by sharp declines in Reliance industry and banking stocks. Reliance Industries dropped for the sixth day by losing 1.91 per cent to Rs 695.10 after it cut the estimates for actual natural gas reserves available in its Indian blocks.

A Greek sovereign default has always been a talismanic scare for the euro stakeholders. It would put the common currency under the greatest pressure since its creation, and shake the foundations of the currency bloc.

The companies whose shares are moving in pre-market trade Wednesday are Demand Media Inc, Arena Pharmaceuticals Inc, Fossil Inc, Banco Santander, EXCO Resources Inc, Ford Motor Company and Newmont Mining.

Asian markets fell Wednesday as concerns over the future of Greece in the Eurozone and the looming debt crisis rose.

Six-term Sen. Dick Lugar was defeated in Indiana's Republican primary Tuesday by Tea Party-backed State Treasurer Richard Mourdock, marking the end of an era for one of the Senate's longest serving members.

As Italy's economy reels from the European debt crisis and politicians face allegations of corruption, comedian Beppe Grillo won a large consensus in local elections with a simple plan: Dump the euro and default on the debt.

Senate Republicans sustained a filibuster of a Democratic bill to keep some student loan rates from doubling to 6.8 percent in July.

Armed militia groups opened fire on the Libyan prime minister's office in the capital Tripoli Tuesday, killing at least three people and wounding several others.

Israeli Prime Minister Benjamin Netanyahu called off holding early elections with a surprise announcement Tuesday that he would be forming a new coalition government with major opposition party Kadima.

Tsipras has only three days to form a new unity government.

After conservative leader Antonis Samaras failed to form a coalition government in the wake of Sunday's fractured Greek elections, now comes the leftists? attempt to forge such an alliance.

Prime Minister Marian Rajoy said on Monday the government was ready to step in to save banks, starting with Spain's fourth largest, Bankia, which was first in line for state aid.

In an unexpected development, Israeli Premier Benjamin Netanyahu Tuesday called off early general elections hours after announcing his decision to hold polls on Sept. 4, almost a year earlier than it was originally scheduled. Israeli President Shimon Peres' office has confirmed the cancellation of the elections.

Myanmar can post six percent economic growth next year if the right reform steps are taken by the government, the International Monetary Fund (IMF) has said.