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  • BRUSSELS— Greece and its international creditors are still weeks away from any possible agreement about the targets that Athens must meet to secure billions to rebuild its shattered economy. He said technical-level talks must continue at a good pace so senior officials can return to Athens "and reach agreement in a few weeks. In return for a bailout worth...

  • *306 billion euros held in 500 euro notes. FRANKFURT, Feb 11- The amount of cash across the euro zone rose to more than 1 trillion euros last year, with almost 30 percent of it hoarded in 500 euro notes, ECB data has shown, as nervous individuals keep more of their money at home or in a vault. Cash across the 19- country bloc climbed to 1.08 trillion euros at the end of last...

  • Safe Bulkers reports 4Q loss Wednesday, 10 Feb 2016 | 6:57 PM ET

    ATHENS, Greece _ Safe Bulkers Inc. on Wednesday reported a loss of $29.9 million in its fourth quarter. The Athens, Greece- based company said it had a loss of 40 cents per share. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 10 cents per share.

  • Eurozone concerns building again after period of calm Wednesday, 10 Feb 2016 | 11:47 AM ET

    After being out of investors' spotlight for months, the single currency zone is facing a range of new concerns— from questions over Greece to the stability of its financial system. That's evident from developments in recent days, such as the fall in Greece's stock market to 26- year lows and questions over the financial health of Deutsche Bank, Germany's largest...

  • Despite protests, Greek PM says reforms 'not optional' Wednesday, 10 Feb 2016 | 7:17 AM ET

    Farmers from about 70 highway and road blockades around the country are planning to bring their protest to Athens on Friday and Saturday, in a confrontation with the left-wing government, which is struggling to implement austerity measures demanded by bailout lenders. Vangelis Boutas, head coordinator of the farmers' roadblocks, said the protesters want to...

  • ATHENS, Feb 9- Greece and its international lenders must conclude a first assessment of the country's bailout reforms as quickly as possible, the government spokeswoman said on Tuesday. Talks between the mission chiefs from the European Union, International Monetary Fund, European Central Bank and the euro zone's bailout fund on reviewing Greece's progress...

  • THESSALONIKI, Greece— Farmers in northern Greece blocked traffic on the country's main highway Tuesday, intensifying nationwide protests against austerity measures demanded by bailout lenders. Protest organizers said a tractor blockade on the highway linking Athens to Greece's second largest city, Thessaloniki, would be in effect indefinitely unless...

  • Germany's DAX fell 1.1 percent to 8,879.40 while France's CAC 40 slid 1.7 percent. He met in Paris on Tuesday with his German counterpart, Jens Weidmann, along with the finance ministers of France and Germany for an economic conference. We think that this volatility of the Asian markets has spread to Europe, the eurozone, and the whole world.

  • MILAN/ LONDON, Feb 8- European shares closed at their lowest level in more than two years on Monday with investor concerns over the health of the region's banks compounding worries over slowing global growth. The pan-European FTSEurofirst 300 index closed down 3.4 percent at 1,239.68 points, its lowest since October 2013. Shares in Deutsche Bank fell 9.5...

  • ATHENS, Feb 8- Greece's lenders still need to be persuaded that Athens can plug a bigger than expected fiscal gap when talks on reforms needed under an international bailout resume next week, the finance minister said on Monday. Talks between the heads of the EU/IMF mission reviewing Greece's progress and the government over a tough pension reform plan, fiscal...

  • MILAN/ LONDON, Feb 8- European shares touched a 16- month low on Monday with investors rattled over a slowdown in global economic growth and newly concerned about the region's banking sector. The pan-European FTSEurofirst 300 index was down 3.1 percent at 1,243.21 points by 1521 GMT, its lowest level since October 2014. Shares in Deutsche Bank fell 6.5 percent,...

  • Banks worst hit as Greek stocks fall to 25-year low Monday, 8 Feb 2016 | 9:56 AM ET

    ATHENS/ LONDON, Feb 8- Greece's main equity index fell to its lowest level in more than 25 years, with bank shares touching record lows, driven by political uncertainty and concerns about Europe's financial sector. Greece's finance minister said on Monday that the country expected the review of its bailout performance to resume next week and conclude two weeks...

  • *FTSEurofirst 300 index falls 2.5 percent. LONDON, Feb 8- European equities fell to a 16- month low on Monday, extending the previous week's hefty losses, with cyclical sectors such as banking and automobiles bearing the brunt of a broader sell-off. The FTSEurofirst 300 index of top European shares fell 2.5 percent to 1,250 points by 1252 GMT, its lowest intraday...

  • ATHENS/ SHANGHAI, Feb 5- China's COSCO is expected to make an offer for Greece's rail network after becoming the sole bidder for the country's largest port, two people familiar with the matter said, as the state owned shipping giant forges ahead with a plan to build a European transhipment hub. Bolstered by December's merger with China Shipping Group, COSCO's...

  • For debt-hobbled, unemployment-plagued Greece, it's a nightmare. Unions are up in arms about the move, which has become the main hurdle in Greece's negotiations with its European creditors and the International Monetary Fund. The head of Greece's bar associations, Vassilios Alexandris, said the new system would reduce some lawyers' net incomes to as little as...

  • ATHENS, Greece— Tens of thousands joined anti-government protests in Athens Thursday as Greece was crippled by a general strike against a bailout-related overhaul of the country's ailing pension system. Unions are angry at pension reforms that are part of Greece's third international bailout. Thursday's general strike is the most significant the...

  • ATHENS, Feb 3- International lenders were locked in talks with Greece in a crucial first assessment of compliance with bailout terms on Wednesday, the eve of a national strike called to protest at pension reforms mandated by the deal. Greece must introduce a raft of pension reforms to win a positive assessment from lenders of its level of adherence to conditions...

  • Greek journalists strike as part of anti-bailout action Wednesday, 3 Feb 2016 | 4:35 AM ET

    ATHENS, Greece— Greek journalists walked off the job Wednesday ahead of a general strike set to disrupt services across the country to protest pension reforms that are part of the country's third international bailout. The media strike pulled all news broadcasts off the airwaves and left news websites without updates, while no Thursday newspapers would be...

  • ATHENS, Feb 1- Greece's international lenders began reviewing on Monday its progress in implementing reforms set out in a multi-billion euro bailout deal to assess whether it has done enough to secure debt relief in future. Cash-strapped Greece is facing challenges on various fronts as it struggles to win public approval to overhaul the pension system and...

  • *Closer Israel ties with Cyprus, Greece alarm Palestinians. JERUSALEM, Feb 1- Israel, Cyprus and Greece have agreed to deepen their energy, security and tourism ties in the Eastern Mediterranean, a deal that may have implications for Israel's testy relationship with the European Union, too. The agreement, signed in Nicosia last week by a beaming Prime Minister...