The eurozone has given Greece until Thursday to present new proposals to secure a deal with creditors, and has called a full EU summit for Sunday.
A growing recognition by IMF economists since the global financial crisis of the dangers of imposing too much austerity on cash-starved countries may have come too late to help the fund's biggest client: Greece.
US stocks finished higher on Tuesday in a topsy-turvy session, rallying after worries about Greece and China caused deep losses in early trade.
... * Concerns about Greece bog down crude futures. * China's stocks plunge again, ignoring government measures. * Possible return of Iranian oil exports also weigh on crude.
Advanced Micro Devices Inc. fell to its lowest in more than two years after the chipmaker said second-quarter sales declined more than originally projected because of weak consumer demand for personal computers.