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  • LONDON— Britain's economy appears to be shrinking at its fastest pace since the global financial crisis as a result of the vote to leave the European Union, but the rest of the region is holding up, surveys showed Friday. The findings come as global financial leaders meeting in China identified the uncertainty generated by Britain's decision to exit the EU, the...

  • BEIJING— The head of the International Monetary Fund called Friday for quick action to end uncertainty over Britain's vote to leave the European Union, which she said is dampening global economic growth. Lagarde said that before the British vote, the IMF had been preparing to raise its global growth forecast by 0.1 percentage points due to improvement in Japan,...

  • ATHENS, Greece— Greece's parliament has approved plans to lower the voting age by a year to 17 and adopt a proportional representation system, after years of economic austerity have hammered popular support for traditionally dominant political parties. But Prime Minister Alexis Tsipras' left-wing government failed to win a supermajority of votes required...

  • Treasury Secretary Jack Lew said on Thursday that G20 finance officials do not need to take the same type of massive coordinated fiscal stimulus efforts used to combat recession in 2008-2009, despite an expected global economic growth slowdown sparked by Britain's vote to leave the European Union. Lew, speaking to reporters before flying to Chengdu, China...

  • ATHENS, July 21- Group of 20 finance officials do not need to take the same type of massive coordinated fiscal stimulus efforts that they did to combat recession in 2008-2009, despite risks posed by Britain's exit from the European Union, a senior U.S. Treasury official said on Thursday. "I don't think this is a moment which calls for the kind of coordinated action...

  • ATHENS, July 21- Group of 20 finance officials do not need to take the same type of massive coordinated fiscal stimulus efforts that they did to combat recession in 2008-2009, despite risks posed by Britain's exit from the European Union, a senior U.S. Treasury official said on Thursday. "I don't think this is a moment which calls for the kind of coordinated action...

  • TREASURY OFFICIAL SAYS DOES NOT BELIEVE G20 NEEDS THE KIND OF COORDINATED ACTIONS THAT WERE REQUIRED TO FIGHT RECESSION IN 2009.

  • Treasury Secretary Jacob Lew stressed Thursday the importance of making Greece's debt sustainable, praising the country's progress in reforming its economy as part of its bailouts but urging it to keep implementing the necessary measures. "Putting Greece's debt on a sustainable path is critical to Greece's long-term economic health and I encourage all...

  • THURSDAY, JULY 21 FRANKFURT- European Central Bank Governing Council meeting, followed by interest rate announcement- 1145 GMT. FRANKFURT- European Central Bank Chief Mario Draghi to hold a press conference- 1230 GMT. Treasury Secretary Jack Lew to meet Greece Finance Minister Euclid Tsakalotos.

  • ATHENS, Greece— US Treasury Secretary Jacob Lew is to visit Greece to discuss the country's progress in meeting reforms required under its third international bailout. Greece has been dependent on bailouts since 2010, after massive debt and loss of confidence in the country's ability to repay it left it locked out of bond markets. The US Treasury Department...

  • Treasury Secretary Jack Lew visits Greece. THURSDAY, JULY 21 FRANKFURT- European Central Bank Governing Council meeting, followed by interest rate announcement- 1145 GMT. FRANKFURT- European Central Bank Chief Mario Draghi to hold a press conference- 1230 GMT.

  • ATHENS, Greece— Authorities in Greece say popular private broadcaster Mega Television has dropped out of the bidding for a national television license, under an overhaul of broadcasting regulations ordered by the country's left-wing government. The government's Information Ministry said late Tuesday that four bidders including Mega had been...

  • ZURICH, July 19- Greek investigators raided the Athens home of a former UBS banker earlier this month, furthering a probe into alleged tax evasion seven months after officials seized documents from the Swiss bank's Athens office. Sclavounis headed UBS's investment banking business in Greece before becoming chairman of the Hellenic Financial Stability...

  • The dollar has risen against a number of currencies buffeted by Britain's shock vote to leave the European Union, including the pound, the euro and China's yuan, which earlier on Monday fell below the psychologically important level of 6.7 to the dollar for the first time in nearly six years.. Asked if China's yuan looked undervalued, the official said there has...

  • ATHENS, Greece— The European Union's top economy official laid out his hope that a debt-relief deal with Greece could be achievable by the end of this year. Economic Affairs Commissioner Pierre Moscovici also said Monday during a visit to Athens that he hopes the International Monetary Fund will be back fully involved in the bailout program at the same time.

  • MONDAY, JULY 18 LONDON- Bank of England Monetary Policy Committee member Martin Weale speaks at the Resolution Foundation event on the topic "The implications of Brexit for monetary policy"- 0815 GMT. ALMERIA, Spain- Bank of Spain Governor Luis Maria Linde to open banking conference in Almeria- 0900 GMT. ATHENS- EU Commissioner Pierre Moscovici will meet Greek...

  • ATHENS, Greece— Italy's state rail operator is set to buy its counterpart in Greece, in a 45 million-euro deal that is part of Athens' bailout commitments. A government privatization fund announced Thursday that it had accepted the offer from Ferrovie Dello Stato Italiane SpA for the whole of Greece's TRAINOSE SA. Greece has promised revive its privatization...

  • ATHENS, July 12- If necessity is the mother of invention, eight years of a crippling recession and dwindling work prospects has compelled at least some Greeks to reboot, switch professions and innovate to survive. Gold-infused organic honey from the rolling hills of Evoia in the east is finding favour with upmarket clients in the United States, London, Hong Kong...

  • *Italy seeks to bend EU bank aid rules, calls Brussels "soulless". ATHENS, July 5- The European Union's authority is fraying as governments and politicians in many members challenge EU policies and take aim at " Brussels bureaucracy" in the aftermath of Britain's vote to leave the 28- nation bloc. Verbal assaults on the role of the European Commission and the European...

  • Greece imposed capital controls a year ago to stem a flight of deposits from Greeks spooked at the ramifications of a financial crisis that almost cost the country its position in the euro zone. Greece held out negotiating its third international bailout in a tense standoff with creditors last year, which included Athens calling a referendum on further...