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  • MILAN, May 23- Monte dei Paschi di Siena is close to reaching an agreement with the European Commission that will pave the way for a state bailout of Italy's fourth biggest bank, a senior Italian treasury official said on Tuesday. Together with two Veneto- based lenders, the Tuscan bank has been locked in talks for months with European regulators that must approve...

  • BRUSSELS— Hopes for a breakthrough in negotiations for cash-strapped Greece were dashed again and another deadline was set. Greece once again failed to get approval from its European creditors to receive the next batch of bailout loans that it needs to meet a debt repayment hump this summer. Without the loans, Greece faces another brush with bankruptcy.

  • And the good economic news could well add pressure on the European Central Bank to signal a withdrawal of its extraordinary stimulus measures. One of the indicators the ECB looks at when assessing its policy stance is the monthly survey of business activity from financial information company IHS Markit. Chris Williamson, IHS Markit's chief economist, says...

  • BRUSSELS, May 23- France is confident that Greece and its international lenders can reach a deal on additional measures of debt relief for Athens in June, the French finance minister said on Monday at the end of a euro zone meeting that ended with no agreement. The meeting in Brussels ended without an agreement on disbursing new loans to Greece, which the country...

  • "On March 9, 2017, the European Commission notified us that they were opening a proceeding to evaluate possible infringements by the company in their submissions regarding the LM Wind Power transaction," GE said in a statement. The LM Wind Power transaction was approved by Brazil, China, the U.S. and the EC, and the deal closed on April 20, 2017. " In October GE announced...

  • *EU insists Britain agrees divorce terms first. BRUSSELS, May 22- Failure to strike a deal that ushers Britain out of the European Union in an orderly way is not an option Brussels wants to consider, its chief negotiator said on Monday as the EU gave a final green light for him to launch talks next month. May, who in March launched a process that will take Britain out of...

  • Romania was the EU's fastest-growing economy in January-March, expanding 5.7 percent from a year earlier likely due to a consumption boom fueled by wage hikes and tax cuts. Romania reported a slight budget surplus at the end of the first quarter, but both the Council and the European Commission expect Romania to overshoot the bloc's deficit ceiling of 3...

  • *Oil top $54 per barrel on OPEC hopes. LONDON, May 22- The euro surged to a six-month high on Monday after Angela Merkel said it was "too weak" for Germany, though rumblings in Spain, Britain and Brussels reminded investors that Europe still has plenty of uncertainties to deal with. A one-month high for oil on hopes of OPEC output curbs had helped give Asian shares their...

  • BERLIN, May 22- Germany's coalition government split along party lines on Monday over the question of debt relief for Greece ahead of a crunch meeting in Brussels to tackle the thorny issue. Foreign Minister Sigmar Gabriel, a Social Democrat, caused the divergence in views by demanding that the euro zone make a firm commitment on granting debt relief to Greece,...

  • BRUSSELS, May 22- European Union governments agreed a common Brexit negotiating plan on Monday and renewed their insistence that they would not open talks on a post-Brexit trade deal until London agrees to settle what it owes the Union. Several ministers stressed their priorities are to provide legal clarity for EU citizens in Britain before they find...

  • FRANKFURT, May 22- Discord between the euro zone's three largest countries is stalling the European Central Bank's efforts to come up with a way to force euro clearing out of London and put it under its watch, three sources told Reuters. Currently UK clearing houses, particularly the London Stock Exchange's LCH.Clearnet, guarantee the vast majority of the...

  • The 27 ministers said in a statement Britain "must honor its share of all the obligations undertaken while being a member" and also "fully cover the specific costs related to the withdrawal, such as the relocation of EU agencies currently based in the U.K.". The cost estimates for Britain have gone as high a 100 billion euros for the withdrawal, a sum which British...

  • BRUSSELS— The 27 EU nations entering divorce proceedings with Britain have agreed on a tough negotiating mandate.

  • The eurozone's top official says an agreement to give Greece the next batch of bailout cash it needs before a summer repayment bump has not been reached, but that it's close. Jeroen Dijsselbloem said at the conclusion of a meeting of the single currency bloc's 19 finance ministers that Greece has made "huge progress" on implementing the policy package required...

  • BERLIN, May 22- The German Foreign Ministry said on Monday that Berlin should have an interest in not isolating itself with its stance on Greece and the question of debt relief for Athens. The comments came after German Foreign Minister Sigmar Gabriel, a Social Democrat, demanded that the euro zone make a concrete commitment on debt relief to Greece, effectively...

  • BERLIN— The German and French finance ministers say they're confident of an agreement to unlock further aid for Greece, but Germany's Wolfgang Schaeuble is sticking to his insistence that further-reaching debt relief is a matter for the future. Schaeuble met new French counterpart Bruno Le Maire were traveling to Brussels together Monday for a gathering of...

  • BRUSSELS— Greece is seeking Monday to persuade its creditors in Europe that it has done enough to get another chunk of bailout loans and a firm commitment on alleviating Athens' hefty debt burden. Greek Finance Minister Euclid Tsakalotos is meeting his counterparts from the 19- country eurozone at a meeting in Brussels, where Greece will once again be top of the...

  • *European bourses, euro struggle on Spain, Greece, Brexit rumblings. *Oil hits $54 per barrel on OPEC hopes. LONDON, May 22- European shares, the euro and the pound all stumbled on Monday as rumblings in Spain, Britain and Brussels reminded investors that the region still has plenty of political uncertainty left in the tank.

  • U.S. President Donald Trump is visiting Europe for the first time since taking office at a time when the markets are worried about the sustainability of his presidency.

  • WASHINGTON, May 19- President Donald Trump left for Saudi Arabia on Friday on the first leg of a trip that the White House hopes will shift attention away from the political firestorm triggered by his firing last week of former FBI Director James Comey. The trip, which also includes stops in Israel, Italy and Belgium next week, has been billed by the administration...