Eurozone ministers agreed a Greek aid deal in the early hours of the morning, that will release a long-delayed €34.4bn aid payment by agreeing to a series of measures that could relieve Greece of billions of euros in debt by the end of the decade. Greece intends to carry out a debt buyback, the ministers said, and eurozone countries will make some concessions such as accepting reduced interest on Greek repayments on the first bailout, extending maturities of loans and assistance by 15 years, and transferring about €7bn of profits on Greek bonds to Greece. It stops short of accepting official bondholder losses, although the reduced interest payments will likely mean some countries, such as Spain and Italy, are losing money on their loans to Greece. Greece's debt target for 2020 was raised from 120% to 124%. The IMF won't release its portion of the aid payment until details of the debt buyback are settled. (Financial Times) (Wall Street Journal) (FT Alphaville) (Eurogroup statement) (Reuters) Asian shares were higher on the news of a Greek deal, rising for a fifth consecutive session. The MSCI Asia Pacific was up 0.5%. Argentina bondholders seek halt to order: An emergency motion for a stay on Judge Griesa's sweeping order in the Argentine bond holdouts case was filed on Monday night by the Exchange Bondholder Group. (FT Alphaville) (Financial Times) HP sued over Autonomy takeover: Proposed class action lawsuit by investor filed in San Francisco says HP hid the fact that Autonomy's financial statements couldn't be relied on, and that it had tried to get out of the deal. GMO abandons bond market: "Ben Inker, co-head of asset allocation for the $104bn group, told the Financial Times it is holding large, high-quality companies in the US but that its main bet is to keep money on the sidelines while it waits for better times." Buffett thinks Dimon would make a good Treasury secretary. "If we did run into problems in markets, I think he would actually be the best person you could have in the job," Buffett said in response to a question from PBS interviewer Charlie Rose."World leaders would have confidence in him." (Bloomberg) Olam International said it will continue to raise debt to fund expansion as the company defends its reputation against short seller Muddy Waters in its first ever lawsuit. ""It could be any pool of debt capital markets that we would tap," whether bank lending, syndication, bond markets or Islamic finance, Chief Executive Officer Sunny Verghese said in an interview at the company's headquarters in Singapore." How the UK courted Mark Carney. The story of a Chinese trustco loan gone bad. Running the numbers on a "radically refocused" future Barclays. India's slowing GDP growth adds to pressures on policymakers. About that Chinese house in the middle of the road photo. Dubai risking a mortgage bubble with its lowest rates ever? Asian markets Nikkei 225 up +54.75 (+0.58%) at 9,444 Topix up +2.68 (+0.34%) at 782.18 Hang Seng up +33.67 (+0.15%) at 21,895 US markets S&P 500 down -2.86 (-0.20%) at 1,406 DJIA down -42.31 (-0.33%) at 12,967 Nasdaq up +9.93 (+0.33%) at 2,977 European markets Eurofirst 300 down -5.80 (-0.52%) at 1,105 FTSE100 down -32.42 (-0.56%) at 5,787 CAC 40 down -27.86 (-0.79%) at 3,501 Dax down -17.10 (-0.23%) at 7,292 Currencies €/$ 1.30 (1.30) $/¥ 82.10 (82.06) £/$ 1.60 (1.60) Commodities ($) Brent Crude (ICE) up +0.18 at 111.10 Light Crude (Nymex) up +0.29 at 88.03 100 Oz Gold (Comex) unchanged 0.00 at 1,750 Copper (Comex) up +0.15 at 353.75 CDS (closing levels) Markit iTraxx SovX Western Europe -0.39bps at 113.15bp Markit iTraxx Europe +3.77bps at 125.09bp Markit iTraxx Xover +13.99bps at 510.5bp Markit CDX IG +1.61bps at 100.96bp