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  • ATHENS/ BRUSSELS, May 4- Wide differences over pension and labour reforms continued to dog intensive negotiations between Greece's leftist government and its international creditors despite progress in other areas as the country's cash position becomes increasingly critical. Government spokesman Gabriel Sakellaridis sounded the alarm on Monday,...

  • ATHENS/ BRUSSELS, May 4- Wide differences over pension and labour reforms continued to dog intensive negotiations between Greece's leftist government and its international creditors despite progress in other areas as the country's cash position becomes increasingly critical. Government spokesman Gabriel Sakellaridis sounded the alarm on Monday,...

  • BERLIN, May 4- European aviation safety regulators introduced new training requirements on Monday to help prevent accidents by pilots losing control of planes in-flight, such as during a stall or in bad weather. In one such accident, an Air France jet flying between Rio de Janeiro and Paris plunged into the Atlantic Ocean during a storm in June, 2009, killing all...

  • BERLIN— Berlin police on Monday found more than 386 kilograms of cocaine inside banana boxes at a discount grocery chain in what authorities say is the largest-ever seizure of the drug in the German capital. He said it was the largest-ever cocaine seizure in Berlin. The drugs were found in 14 different branches of the Aldi chain in and around Berlin.

  • NEW YORK, May 4- The dollar edged higher on Monday in thin trading after a two-week drop tied to data suggesting the U.S. economy might be stabilizing following a soft patch in the first quarter. The greenback moved in tight ranges against major currencies as trading was thinned by market holidays in Britain and Japan. The dollar should tread water or soften going...

  • ATHENS/ BRUSSELS, May 4- Wide differences over pension and labor reforms continued to dog intensive negotiations between Greece's leftist government and its international creditors despite progress in other areas as the country's cash position becomes increasingly critical. Government spokesman Gabriel Sakellaridis sounded the alarm on Monday,...

  • LONDON, May 4- The dollar rose for a second day on Monday, building on a modest comeback from a two-week decline on the back of data suggesting that the U.S. economy might be stabilising following a recent soft patch. Just three days before Britons vote in the closest-fought electoral race in recent history, the cost of protection against big swings in sterling's...

  • *VW board to meet in Hanover ahead of AGM. BERLIN/ HAMBURG, May 4- Volkswagen's supervisory board will on Monday discuss finding a new chairman to fill the void left by Ferdinand Piech's shock departure last month, sources told Reuters. VW's 20- member controlling panel, led by interim chairman Berthold Huber, will meet in the German town of Hanover ahead of what is...

  • LONDON, May 4- European shares rose on Monday, led higher by Germany after upbeat factory activity, while the dollar steadied following signs the U.S. economy may be emerging from a recent soft patch. Euro zone powerhouse Germany's manufacturing sector lost some momentum in April but continued to expand while in France the sector's final PMI showed activity...

  • *Dollar index adds to modest gains. *Sterling weak as UK general election approaches. LONDON, May 4- The dollar added to tenuous gains on Monday after staging a modest comeback from a two-week decline on Friday, as data suggested that the U.S. economy might be stabilising after a recent soft patch.

  • German train drivers to start 5-day strike Tuesday Sunday, 3 May 2015 | 12:59 PM ET

    BERLIN— A union representing German train drivers has called members out on a five-day strike starting Tuesday, its longest walkout yet in an increasingly bitter dispute with the national railway operator. The GDL union said passenger train drivers will walk off the job at 2 a.m. Tuesday and won't return until 9 a.m. on May 10. Germany long had relatively cordial...

  • Siemens unit in China bribery probe - report Sunday, 3 May 2015 | 5:42 AM ET
  • Business events scheduled for the coming week Friday, 1 May 2015 | 1:20 PM ET

    WASHINGTON— Commerce Department releases factory orders for March, 10 a.m.. WASHINGTON— Commerce Department releases international trade data for March, 8:30 a.m.; Institute for Supply Management releases its service sector index for April, 10 a.m.. WASHINGTON— Labor Department releases first-quarter productivity data, 8:30 a.m..

  • BERLIN— European aviation company Airbus said Friday it is taking legal action following reports that it was targeted by German and U.S. intelligence agencies. Airbus stressed that it was made aware of the allegations by press reports and didn't have any information of its own on the matter. Der Spiegel reported Friday on its website that Germany's spy agency,...

  • DIARY- Top Economic Events to May 14 Thursday, 30 Apr 2015 | 8:01 PM ET

    BOSTON- Federal Reserve Bank of Boston President Eric Rosengren gives welcome and opening remarks before the Economic Growth and Regulatory Paperwork Reduction Act Outreach Meeting hosted by the bank- 1300 GMT. BOSTON- Federal Reserve Board Governor Daniel Tarullo speaks at opening session before the Economic Growth and Regulatory Paperwork Reduction...

  • Business events scheduled for the coming week Thursday, 30 Apr 2015 | 1:27 PM ET

    WASHINGTON— Commerce Department releases international trade data for March, 8:30 a.m.; Institute for Supply Management releases its service sector index for April, 10 a.m.. WASHINGTON— Labor Department releases first-quarter productivity data, 8:30 a.m.. WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.; Freddie Mac, the mortgage...

  • FAA had questioned mental health of Germanwings pilot Thursday, 30 Apr 2015 | 7:24 AM ET

    The records, posted online by the FAA in response to a Freedom of Information Act request, show that Andreas Lubitz had applied for a U.S. pilot license while he was employed by Lufthansa, the parent company of Germanwings, and was training to be an airline pilot at a flight school in Phoenix in 2010. As part of the application, he initially submitted a medical form to...

  • LONDON, April 30- OPEC oil supply in April has jumped to its highest in more than two years, boosted by record or near-record supplies from Iraq and Saudi Arabia, a Reuters survey showed, as key members stand firm in their focus on market share. The increase from the Organization of the Petroleum Exporting Countries puts output further above forecasts of demand for...

  • *Q1 adj EBIT down 2 pct at 2.07 bln eur vs 2.0 bln poll avg. FRANKFURT, April 30- Germany's BASF expects a slide in earnings at its Wintershall oil and gas unit brought on by lower oil prices to cancel out gains at its basic petrochemicals and crop protection businesses this year. Its earnings before interest and tax, adjusted for one-off items, slipped 2 percent in the...

  • German unemployment drops to 6.5 percent in April Thursday, 30 Apr 2015 | 4:39 AM ET

    BERLIN— Germany's unemployment rate dropped to 6.5 percent in April as the labor market in Europe's largest economy remained strong. The Federal Labor Agency said Thursday the unadjusted rate was down from 6.8 percent in March. ING economist Carsten Brzeski says even though there is "still some room for improvement, the extremely solid labor market remains...