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  • ATHENS, Aug 9- Greece and international creditors sought to put final touches on a multi-billion euro bailout accord on Monday to keep the country financially afloat and meet an important debt repayment to the European Central Bank within days. An accord for up to 86 billion euros in fresh loans to the debt-stricken nation must be in place by Aug. 20, when the...

  • ATHENS, Aug 9- Greece and international creditors sought to put final touches on a multi-billion euro bailout accord on Monday to keep the country financially afloat and meet an important debt repayment to the European Central Bank within days. An accord for up to 86 billion euros in fresh loans to the debt-stricken nation must be in place by Aug. 20, when the...

  • *Greece, France seek quick deal, Germany warning against haste. BRUSSELS/ ATHENS, Aug 7- Senior EU officials will confer by telephone late on Friday on progress in negotiations between Greece and its international creditors on a third bailout for the near-bankrupt euro zone country with Germany reported to be warning against haste. Athens is negotiating with...

  • *Greece, France seek quick deal, Germany warning against haste. BRUSSELS, Aug 7- Senior EU officials will confer by telephone late on Friday on progress in negotiations between Greece and its international creditors on a third bailout for the near-bankrupt euro zone country with Germany reported to be warning against haste. Athens is negotiating with European...

  • *EU/IMF creditors want to scrap farming tax breaks, subsidies. NAXOS, Greece, Aug 7- A jovial potato farmer whose family has tilled the fertile land on the island of Naxos for over 200 years, Stelios Vathrokilis is unfazed by all that he believes a farmer must inevitably face: God, inclement weather and natural disasters. But mention tax hikes on farmers demanded by...

  • ATHENS/ ISMAILIA, Egypt, Aug 6- A new bailout for Athens should be agreed by late August, Greek Prime Minister Alexis Tsipras and French President Francois Hollande said on Thursday. Greece is in negotiations with the European Union and International Monetary Fund for as much as 86 billion euros in fresh loans to stave off financial ruin and economic collapse.

  • MUMBAI, Aug 5- India said on Wednesday it had put off for now the resumption of talks on a planned free trade accord with the European Union due to the bloc's refusal to lift a ban on the sale of around 700 pharmaceutical products. The privately-held GVK Biosciences, part of India's infrastructure builder GVK Group, conducts clinical research for domestic and...

  • BRUSSELS, Aug 5- The European Commission is working with the United States on the final details of a commercial data-sharing deal that was put up for renegotiation following leaks two years ago that exposed U.S. mass surveillance practices, a document seen by Reuters showed. The European Commission, the EU executive, has been negotiating with the United States...

  • ATHENS, Aug 4- Both Greece and its lenders said on Tuesday they were optimistic they could broker a deal within days on a multi-billion euro bailout, striking a surprisingly upbeat tone on a process previously fraught with bitterness. A bailout worth up to 86 billion euros must be settled by Aug. 20-- or a second bridge loan agreed-- if Greece is to pay off debt of 3.5...

  • LONDON/ SINGAPORE, Aug 4- Oil prices are unlikely to recover soon as Saudi Arabia's drive to boost its refining activities is expected to force refineries elsewhere to slow down their operations, thus creating an even bigger glut of unwanted crude oil. Two big new refineries in Saudi Arabia are adding to growing supplies of diesel and jet fuel, which could mean...

  • *ArcelorMittal has limited China exposure. BRUSSELS, July 31- ArcelorMittal, the world's largest steelmaker, said it would do better in the second half of the year than the first and kept its 2015 profit targets, despite cutting its global forecast for steel demand. ArcelorMittal, which produces 6 to 7 percent of the world's steel, repeated its 2015 for core profit...

  • *Google sticks to position ruling only applies in Europe. BRUSSELS, July 30- Google Inc is refusing to bow to an order from the French privacy watchdog to scrub search results worldwide when users invoke their "right to be forgotten" online, it said on Thursday, exposing itself to possible fines. However, it has limited removals to its European websites, such as...

  • WASHINGTON, July 30- The International Monetary Fund can only approve new loans for Greece after Athens reaches an agreement with European governments that would ensure it can pay its debts, an IMF official said on Thursday. The IMF has teamed up with the European Union and the European Central Bank in recent years to lend Greece money repeatedly to save it from a...

  • *Spain grows at fastest pace since before financial crisis. BERLIN, July 30- Confidence in the euro zone economy hit a four-year high in July and the European Central Bank said recovery is picking up, supported by loose monetary policy aimed at countering persistently low inflation. Spain's economy was a case in point, with data on Thursday showing it growing at...

  • BERLIN, July 30- Germany's finance minister wants to correct the balance between the European Commission's political role and its regulatory powers, reflecting concern in Berlin over the EU executive's neutrality as its political clout grows. A spokeswoman for the German Finance Ministry said on Thursday that Wolfgang Schaeuble had raised the idea at a...

  • *Serbia says fears "humanitarian catastrophe". SUBOTICA, Serbia, July 30- Swifts darted in and out of nesting holes in the scrubland around an old brick factory in northern Serbia. A month from now Hungary says it will seal its border with Serbia with a 4- metre high, 175- km barrier to keep out migrants streaming through the Balkans, fleeing war, poverty and upheaval in...

  • ATHENS, July 29- Greek Prime Minister Alexis Tsipras, struggling to contain a revolt in his left-wing Syriza party, said on Wednesday that his government would not implement reform measures beyond those agreed with lenders at a euro zone summit this month. At the same time, he is under pressure from Greece's creditors to go beyond the two packages of so-called...

  • ATHENS, July 29- Greek Prime Minister Alexis Tsipras, struggling to contain a revolt in his left-wing Syriza party, said on Wednesday that his government would not implement reform measures beyond those agreed with lenders at a euro zone summit this month. At the same time, Tsipras is under pressure from Greece's creditors to go beyond the two packages of...

  • ATHENS/ BRUSSELS, July 28- Conflicting statements and denials flew between Athens and Brussels on Tuesday in a war of nerves highlighting the depth of mutual mistrust over a new round of negotiations on an 86 billion euro bailout that started this week. Differences included the pace and conduct of bailout talks, whether or not Greece needs to enact further laws...

  • LONDON/ BRUSSELS, July 28- Diageo and Heineken have agreed to dissolve their joint ventures in South Africa and Namibia, so the British spirits maker and Dutch brewer can pursue their own growth strategies in the countries. Diageo said it has become market leader in spirits in South Africa with a 40 percent share and felt it had the necessary scale to go it alone.