Greeks try to remember how to cut back

Elly Koufakis, the co-owner of a busy beauty salon in the posh Athens suburb of Psyhiko, isn’t used to sitting around. The shop’s staff rarely has a minute to breathe between haircuts and manicures. But since the debt crisis in Greece exploded in January, they now spend half their workday sitting idle. „We’ve seen a 50% drop in our appointments,” Koufakis says. „Everyone seems to be reining in their spending.”

Dollar turns mixed

The dollar turned mixed Friday afternoon, with the euro recovering from steep losses, as U.S. stocks gained and traders continued to mull the Federal Reserve’s decision to raise its discount lending rate.