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  • Italian banks must tackle a $341 billion load of non-performing loans, the co-founder of a hedge fund with a base in Milan told CNBC on Tuesday.

  • Pope Francis (L) waves next to Archbishop of Athens and All Greece Ieronymos II upon his arrival at the airport of Mytilene on the Greek island of Lesbos on April 16, 2016.

    Pope Francis traveled to Greece Saturday for a brief but provocative visit to meet with refugees as the EU begins a controversial plan to deport them.

  • *China economy grows 6.7 pct in Q1 as expected. *Oil dips ahead of Doha meet after 11 pct April jump. Speculation was also still circling about whether top oil producers led by Saudi Arabia and Russia will be able to hammer a deal in Doha, Qatar on Sunday to curb output which is currently churning out around 2 million barrels of excess oil a day.

  • *China economy grows 6.7 pct in Q1 as expected. Data from China drew approval as it showed the country's giant economy grew at 6.7 percent in the first quarter year-on-year, bolstering the view its slowdown may be bottoming out. The major currencies seen as most dependent on China were the main gainers.

  • Jeroen Dijsselbloem on the Greek debt burden

    Jeroen Dijsselbloem, president of the Eurogroup, says the IMF is crucial to helping to deal with Greece's debt burden.

  • WASHINGTON, April 14- There will be no breakthrough on unlocking new loans for Greece in Washington this week, but euro zone ministers will seek a deal next week in Amsterdam that could pave the way for debt relief talks, a top euro zone official said on Thursday. The IMF, one of the lenders to Greece, believes that asking Athens to maintain a surplus of that size for...

  • BERLIN, April 14- The euro zone crisis is back- at least in the minds of many Germans. Since last summer, the influx of hundreds of thousands of refugees from the war-torn Middle East has overshadowed all else, dominating the political debate in Berlin and the front pages of German newspapers. With the tide of arriving migrants slowing to a trickle, angst over...

  • MILAN/ LONDON, April 13- European shares rose on Wednesday to a two-week high as a rise in Chinese exports buoyed global stock markets, with mining stocks and banks among the best performers. The FTSEurofirst remains down around 6 percent so far in 2016, due partly to concerns about a China- led slowdown in the global economy. The latest update from China also lifted...

  • LONDON, April 13- Greek two-year yields rose above 12 percent for the first time since late February on Wednesday on further signs that cash-strapped Athens is making little progress on securing the money it needs from creditors to pay upcoming bills. These delays have reignited concerns that Athens may not receive the 5 billion euros in bailout aid, most of...

  • MILAN/ LONDON, April 13- European shares rose on Wednesday to a two-week high as a rise in Chinese exports buoyed global stock markets, with mining stocks and banks among the best performers. The FTSEurofirst remains down around 7 percent so far in 2016, due partly to concerns about a China- led slowdown in the global economy. The latest update from China also lifted...

  • April 13- Greece will ask its international lenders this week to lock annual debt servicing costs on its official loans at a fixed interest rate to make its debt mountain more manageable. At the spring meetings of the International Monetary Fund in Washington between April 15-17, Athens will also suggest a proposed 15 percent of GDP annual cap on debt servicing...

  • BERLIN, April 13- Greece has to stick to its promised reforms as agreed in the international bailout programme in 2015, a spokesman for German Finance Minister Wolfgang Schaeuble said on Wednesday. "We will stick strictly to the programme," Martin Jaeger told a government news conference, adding that Schaeuble would meet his Greek counterpart at the end of this...

  • WASHINGTON, April 12- The International Monetary Fund warned on Tuesday of the risk of political isolationism, notably Britain's possible exit from the European Union, and growing economic inequality as it cut its global growth forecast for the fourth time in a year. In the run-up to its spring meetings in Washington this week, the IMF said chronic weakness had...

  • *Greece and lenders pause crucial bailout review talks. ATHENS, April 12- Greece said on Tuesday it would submit pension and tax reform bills to parliament next week, as it seeks to persuade its international lenders that it is doing enough to receive more aid under a multi-billion euro bailout agreed a year ago. A positive review will unlock up to 5 billion euros in...

  • ATHENS, April 12- The International Monetary Fund wants Greece's European partners to grant Athens substantial relief on its debt which it sees remaining "highly unsustainable", according to a draft IMF memorandum seen by Reuters. Earlier on Tuesday, Greece and inspectors from its EU/IMF lenders adjourned talks on a crucial bailout review, mainly due to a rift...

  • WASHINGTON, April 12- The International Monetary Fund's chief economist said on Tuesday that Europe will need to show some flexibility towards Greece as it deals with a refugee crisis and negotiates a new bailout package. "There's certainly going to be a need for more flexibility to tackle the refugee crisis and some support from the broader European...

  • BERLIN, April 12- The European Central Bank's record low interest rates are causing "extraordinary problems" for German banks and pensioners and risk undermining voters' support for European integration, Finance Minister Wolfgang Schaeuble told Reuters. Schaeuble suggested they risked fuelling the rise of euroscepticism in Germany, where voters flocked...

  • *Greece and lenders pause crucial bailout review talks. ATHENS, April 12- Greece and its international lenders adjourned bailout review talks on Tuesday, potentially delaying a crucial cash handout to the debt-stricken nation, and will resume them immediately after this week's IMF spring meetings. A positive review will unlock up to 5 billion euros in bailout...

  • ATHENS, April 12- Greece has so far received initial interest from Italy's state railways for its railway operator TRAINOSE and expects three more suitors to bid for the asset, the head of the country's privatisation agency said in an interview on Tuesday. Billed as a key part of Greece's international bailouts since 2010, privatisations have reaped only 3...

  • Lenders, who had been in Athens for just over a week, will return next Monday after the IMF spring meeting in Washington with a view to concluding an agreement by April 22, when euro zone finance ministers are scheduled to meet, Finance Minister Euclid Tsakalotos told reporters. Greece's review of progress, under a bailout deal reached in July, has dragged on for...