China Freezes IPOs, Greek Vote Too Close to Call: Saturday Wrap

Here are highlights of news that broke around the world on the U.S. Independence Day holiday:

Pending IPOs in China were suspended, brokerage firms pledged $19 billion for a market stabilization program and the People’s Daily told people to “have confidence and patience, instead of losing their minds” as the government looked to stop the worst three-week slide in stock markets in more than two decades. The Shanghai Composite Index has fallen 29 percent since June 12 after surging more than 150 percent in a year.