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  • BRUSSELS, Jan 14- Greece accepts that the International Monetary Fund has to take part in the bailout program under which Athens receives billions of euros in loans in exchange for economic reforms, the chairman of euro zone finance ministers said on Thursday. But the participation of the IMF is a key condition for Germany, which believes the European...

  • BRUSSELS, Jan 13- Euro zone partners are impressed with Greece's progress in implementing its latest bailout but have misgivings about its proposal to partly fund a major pension reform by raising contributions, EU officials said on Wednesday. His six-stop tour culminated in Berlin on Wednesday, where he met hardline German Finance Minister Wolfgang...

  • ATHENS, Jan 12- Canadian miner Eldorado Gold Corp expects the suspension of much of its mine construction and development activity in Greece after a confrontation with the government to cost more than 600 jobs, its chief executive said on Tuesday. The Vancouver- based miner had to resort to Greece's top administrative court to annul a government decision that...

  • Jan 11- Canadian miner Eldorado Gold Corp on Monday said it was suspending much of its mine construction and development in Greece after a year of confrontations with the Greek government that included permits being revoked and delayed by the state. Eldorado said in a statement that it would prefer to create more jobs and carry on with construction and...

  • *Reform is a condition for Greece to conclude bailout review. ATHENS, Jan 9- Greece's leftist government will be able to push through a crucial pension reform in parliament, part of measures the country has agreed to under its international bailout, the deputy prime minister said in a newspaper interview released on Saturday. Greece has drafted a proposal to...

  • ATHENS, Jan 9- Greece's leftist government will be able to push through a crucial pension reform in parliament, part of measures the country has agreed to under its international bailout, the deputy prime minister said in a newspaper interview released on Saturday. Hundreds of Greek pensioners and workers marched in central Athens on Friday to protest against...

  • Say hello to the new world leaders Friday, 1 Jan 2016 | 4:58 AM ET
    Greek Prime Minister Alexis Tsipras

    CNBC looks at the elections in 2015 that marked substantial upsets and led to seismic changes on the global political map.

  • 2015's biggest headlines...in two minutes Thursday, 31 Dec 2015 | 6:00 AM ET
    2015 in review: The year's biggest headlines in two minutes

    Eleven major events that shaped business news in 2015.

  • LONDON, Dec 28- Shipping companies that transport commodities such as coal, iron ore and grain face a painful year ahead, with only the strongest expected to weather a deepening crisis caused by tepid demand and a surplus of vessels for hire. The predicament facing firms that ship commodities in large unpackaged amounts- known as dry bulk- is partly the result of...

  • ATHENS/ TORONTO, Dec 22- Greece's third-largest lender Eurobank agreed to sell an 80 percent stake in its Eurolife ERB insurance subsidiary to Canada's Fairfax Financial Holdings Ltd for 316 million euros on Tuesday, deepening ties between the two firms. Toronto- based investment holding firm Fairfax, led by well known contrarian investor Prem Watsa has made...

  • ATHENS, Dec 17- Greece faces relatively low debt servicing needs in the coming years and further debt relief is not a matter of urgency, Greek financial daily Naftemporiki quoted European Central Bank Governing Council member Jens Weidmann as saying on Thursday. "In 2014 interest payments as a percentage of GDP were lower in Greece than in Spain, Portugal and...

  • Cheniere Energy eyes stake in Greek LNG project Wednesday, 16 Dec 2015 | 10:11 AM ET

    ATHENS, Dec 16- Cheniere Energy, a U.S-based liquefied natural gas exporter, is interested in a minority stake in a new LNG terminal that will supply gas to southeastern Europe through Greece, a senior company official said on Wednesday. Greece currently has one LNG terminal on an islet off Athens. That facility, with an estimated annual capacity of 6.1 billion...

  • ATHENS, Dec 15- Greek financial prosecutors have raided a UBS office in Athens seizing records as part of an investigation into possible tax evasion by holders of large bank deposits abroad, court officials said on Tuesday. Germany provided Greek authorities with information on suspected tax evaders last month in a move to help Athens fulfill its promise to...

  • ATHENS, Dec 11- Greece and its international lenders have agreed on a set of reforms needed for Athens to receive 1 billion euros in fresh loans under its bailout, Greek Finance Minister Euclid Tsakalotos told reporters on Friday. The reforms relate to the structure of a new privatization fund whose revenues will be used to boost investment and pay down the...

  • LONDON, Dec 10- Greece was the best government bond investment in the euro zone this year despite almost leaving the currency bloc in a dispute over its third financial rescue while Finland, a champion of fiscal responsibility, lost the most money for investors. Meanwhile Finland, which threatened to stay out of Greece's third bailout, has lost its allure as an...

  • VC cash pours into the very last city you'd expect Thursday, 10 Dec 2015 | 10:06 AM ET
    An EU and a Greek flag wave in front of the ancient temple of Parthenon atop the Acropolis hill in Athens.

    Economic crisis often spurs entrepreneurial innovation as people strive for opportunity. Here's a look at this trend in a bankrupt nation.

  • Greece eyes lion's share of diverted Russian tourism Wednesday, 9 Dec 2015 | 8:36 AM ET

    *Greece rushing to ease visas for Russians. *Euro zone price level may deter switches from Turkey, Egypt. ATHENS, Dec 9- Economically stricken Greece is racing to cash in on a potential bonanza of Russian tourists deprived of their favorite holiday destinations by a Kremlin boycott of Turkey and violence in Egypt, but it may be too expensive.

  • ATHENS, Dec 7- Greek Prime Minister Alexis Tsipras said on Monday the International Monetary Fund was not playing a constructive role in Greece's bailout and should make up its mind whether it wants to stay in the programme. He accused the Washington- based global lender of making unrealistic demands both on Greece for tough reforms and on its euro zone partners...

  • *After eight years of recession, Greece hopes for growth in 2016. *Trust badly damaged between Athens and Brussels. ATHENS, Dec 7- After a tumultuous year of two elections, a referendum, a default, a bank shutdown, capital controls and a tidal wave of migrants, it's amazing that Greece is still standing, like the Parthenon towering over Athens.

  • Greek banks could get ECB cash before bailout review Thursday, 3 Dec 2015 | 12:57 PM ET

    FRANKFURT/ ATHENS, Dec 3- Greek banks could return to normal European Central Bank funding before international lenders conclude a first review of the country's new bailout programme early next year, the euro zone's central bank said on Thursday. Asked when the ECB would restore a waiver to let Greek banks participate in its liquidity tenders, ECB...