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  • BERLIN— Germany's main train drivers union has ended a bitter labor dispute with the country's biggest railway operator that saw nine strikes over the past year. The GDL union, which mostly represents train drivers but also some other railway staff, reached a deal with state-owned Deutsche Bahn that will prevent further transport chaos for Europe's biggest...

  • LONDON, July 1- European shares bounced back on Wednesday after sharp declines in the previous two sessions, with some investors clinging to hopes of progress in Greece even after it became the first advanced economy to default on a loan with the IMF. French Finance Minister Michel Sapin also said France would still try to reach a goal with Greece before the...

  • ATHENS, Greece— The latest news on Greece's financial woes:. A huge banner that urged Greek voters to reject a bailout deal from the country's creditors at Sunday's referendum has been taken down from the front of the Finance Ministry. German Chancellor Angela Merkel is sticking to her position that there can be no negotiations on a new aid package before Greece...

  • *Skepticism in euro zone about lending more to Greece. ATHENS/ BRUSSELS, July 1- Greece was appealing to its euro zone partners and the European Central Bank on Wednesday to keep it afloat after defaulting on its debt to the International Monetary Fund and losing frozen international bailout money. In Germany, Greece's biggest creditor, a senior lawmaker in...

  • *Greece misses 1.6 billion euro IMF loan repayment. *Eurogroup head urges Greece to change stance with creditors. *Fitch ratings agency cuts Greece to CC.

  • *Asia holds nerve as Greece misses IMF loan payment. SYDNEY, July 1- Asian shares made guarded gains on Wednesday as investors gave a resigned shrug to news Greece had become the first developed economy to default on a loan with the International Monetary Fund. Calming after two days of wild swings, MSCI's broadest index of Asia-Pacific shares outside Japan...

  • ATHENS, Greece— Eurozone finance ministers were set to weigh Greece's latest proposal for aid Wednesday, hours after the country's international bailout expired without a deal, cutting it off from vital financing and deepening fears over whether it will be able to remain in the eurozone. With its failure to repay the roughly 1.6 billion euros to the...

  • *Greece misses 1.6 billion euro IMF loan repayment. *Eurogroup head urges Greece to change stance with creditors. *Fitch ratings agency cuts Greece to CC.

  • DIARY- Top Economic Events to July 13 Tuesday, 30 Jun 2015 | 8:01 PM ET

    LONDON- Bank of England publishes financial stability report, followed by Governor Mark Carney's news conference- 0930 GMT. FRANKFURT- European Central Bank Governing Council meeting. BERLIN- European Central Bank Governing Council member Jens Weidmann and Bundesbank Vice President Claudia Buch to participate in cabinet meeting of the federal...

  • FRANKFURT, June 30- The world's top banks and insurers are seeing their business models challenged by "fintech" start-ups, which are reshaping what consumers and businesses expect from financial services, industry insiders and experts say. A report out Tuesday from the World Economic Forum, the Swiss-based corporate think-tank which runs the Davos summit of...

  • *Capital controls prevent transfers of cash out of Greece. LONDON, June 30- Monday was the day the music died for thousands of song downloaders and music streamers in Greece. Transfers of funds out of Greece were banned to prevent a collapse of the banking system after Prime Minister Alexis Tsipras rejected the terms of a bailout offer from international lenders.

  • BERLIN/ FRANKFURT, June 30- When Herbert Diess takes over on Wednesday as head of Volkswagen's namesake car brand, he will inherit one of the group's biggest problems: how to slash costs at the sprawling Wolfsburg complex. Diess summarized his views on Wolfsburg in a scathing internal report, telling superiors the plant's workforce of 50,000 is bloated with...

  • BERLIN, June 30- Germanwings is offering 25,000 euros compensation payments to close relatives of those killed in the March 24 plane crash for their pain and suffering, it said on Tuesday. Evidence shows co-pilot Andreas Lubitz locked the captain out of the cockpit of Germanwings flight 4 U9525 from Barcelona to Duesseldorf and deliberately steered the plane...

  • BRUSSELS/ PARIS, June 30- Euro zone governments are hammering home a series of coordinated messages to Greece in hopes of persuading voters to disavow Prime Minister Alexis Tsipras and vote "yes" to a debt deal with creditors on Sunday, EU officials and diplomats say. Yet in doing so, European Commission President Jean-Claude Juncker, German Chancellor Angela...

  • BERLIN, June 30- Germanwings is offering 25,000 euros compensation payments to close relatives of those killed in the March 24 plane crash for their pain and suffering, it said on Tuesday. Evidence shows co-pilot Andreas Lubitz locked the captain out of the cockpit of Germanwings flight 4 U9525 from Barcelona to Duesseldorf and deliberately steered the plane...

  • Capital controls mean Greeks can click, but not buy Tuesday, 30 Jun 2015 | 10:31 AM ET

    *Capital controls prevent transfers of cash out of Greece. LONDON, June 30- Monday was the day the music died for thousands of song downloaders and music streamers in Greece. Transfers of funds out of Greece were banned to prevent a collapse of the banking system after Prime Minister Alexis Tsipras rejected the terms of a bailout offer from international lenders.

  • Lufthansa makes Germanwings compensation offer Tuesday, 30 Jun 2015 | 8:53 AM ET

    Lufthansa, which owns Germanwings, is offering 25,000 euros in compensation per victim in all cases that fall under German law, plus payments of 10,000 euros each to immediate relatives. The airline said it also plans to set aside up to 7.8 million euros to support education for children who lost one or both parents, plus a 6 million euro fund that would provide "...

  • *Iraq exports hit record despite Baghdad, KRG tension. LONDON, June 30- OPEC oil supply in June has climbed to a three-year high due to record or near-record output from Iraq and Saudi Arabia, a Reuters survey found, underlining the focus of the group's top exporters on market share. OPEC supply has risen in June to 31.60 million bpd from a revised 31.30 million bpd in...

  • European shares slip again on Greek concerns Tuesday, 30 Jun 2015 | 7:39 AM ET

    *Greece hours away from default, deal on Tuesday seen unlikely. LONDON, June 30- European shares fell again on Tuesday after a German government official said it was too late to consider an extension of Greece's bailout programme and Greece's finance minister said it will not pay a debt installment to the IMF due on Tuesday. Greek Finance Minister Yanis...

  • Back to the drachma? Greek lawmaker touches a nerve Tuesday, 30 Jun 2015 | 7:17 AM ET

    ATHENS, June 30- An opposition lawmaker in Greece touched a nerve on Tuesday when he told parliament the left-wing government had a team preparing the ground for a return to the drachma, a prospect many Greeks fear would bring chaos. But there are a growing number of warnings from Greece's European partners that a' No' vote in a referendum on Sunday on the terms of a...