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  • RIGA, April 25- European Union finance ministers gave strong support on Saturday to the European Commission's proposal of a capital markets union, which would boost economic growth by giving companies wider access to capital across the 28- nation bloc. Unlike in the United States, where companies rely mainly on shares or bonds to raise money for development, in...

  • Kotzias said Greece and its euro zone partners need to compromise on creating political policies that will foster growth and allow the country to pay its debts. Asked if he is simply asking the rest of Europe to trust Greece, he said: "No. "Do they want to support us to have growth... or do they decide to have Greece struggle, to punish Greece and to create an example of what...

  • *Euro gains dwindle as Greece gets aid warning. NEW YORK, April 24- Data showing a seventh straight monthly decline in U.S. business spending plans knocked the dollar lower on Friday and gave Federal Reserve policymakers even less reason to raise near-zero interest rates any time soon. The euro backed away from a two-week high against the dollar after euro zone...

  • *EU summit agreed to triple search and rescue mission off Libya. *Land routes into Europe also deadly; train kills 14 migrants. BRUSSELS/ SKOPJE, April 24- British and German warships made ready to sail for waters off Libya as Europe ramped up rescue operations in the Mediterranean after up to 900 desperate migrants drowned last weekend on a boat heading for Italy.

  • *Euro trims gains as Greece gets aid warning. NEW YORK, April 24- Data showing a seventh straight monthly decline in U.S. business spending plans knocked the dollar lower on Friday and gave Federal Reserve policymakers even less reason to raise near-zero interest rates any time soon. The euro backed away from a two-week high against the dollar, however, after euro...

  • EU approves more GM food as row simmers Friday, 24 Apr 2015 | 8:56 AM ET

    BRUSSELS— The European Union has authorized the use of more genetically modified food and feed amid a row over whether EU member states should be able to independently ban certain GM products. The EU's executive commission said Friday that it has approved 10 GM foods, including strands of maize, soybean and cotton, after they "have been proved to be safe."

  • *Eurogroup urges Greece to speed up reform deal for cash. RIGA, April 24- Euro zone finance ministers delivered a stark warning to Greece on Friday that its leftist government will get no more aid until it agrees a complete economic reform plan, as Athens lurches closer to bankruptcy. He also said a remaining 7.2 billion euros in frozen bailout funds would no longer...

  • *Euro retreats as little breakthrough made on Greece. LONDON, April 24- The euro retreated from a two-week high against the dollar on Friday as lingering hopes that cash-strapped Greece was making progress toward securing fresh funding were dashed. Jeroen Dijsselbloem, the chairman of the euro zone finance ministers, said Greece still needs to deliver a list of...

  • *Varoufakis says Athens willing to consider tax commission. RIGA, April 24- Greece offered some concessions on Friday on reforms demanded by international lenders in return for new funding before Athens runs out of money, but euro zone creditors said negotiations needed to speed up to get a deal by June. Merkel, in a comment seen as underlining the determination...

  • *Merkel wants to keep Greece in euro zone, avoid default- EU aide. BRUSSELS, April 23- German Chancellor Angela Merkel said on Thursday everything must be done to prevent Greece running out of money before it reaches a cash-for-reform deal with its international creditors amid heightened concern that Athens is nearing the brink. Their talks came a day before euro...

  • *Merkel wants to keep Greece in euro zone, avoid default- EU aide. The leftist Greek premier met the conservative German leader before an emergency European Union summit on migration, a day before euro zone finance ministers meet in Riga to review progress-- or the lack of it-- in slow-moving negotiations between Athens and its international lenders.

  • BRUSSELS, April 23- Greek Prime Minister Alexis Tsipras called for a speeding up of the process to conclude a reform-for-cash deal with euro zone creditors after talks with German Chancellor Angela Merkel on Thursday, a Greek official said. The official said the short meeting on the sidelines of a European Union summit in Brussels- their first since Tsipras...

  • Wabco misses Street 1Q forecasts Thursday, 23 Apr 2015 | 8:57 AM ET

    BRUSSELS _ Wabco Holdings Inc. on Thursday reported first-quarter earnings of $71.9 million. Wabco expects full-year earnings in the range of $5.60 to $6 per share. Wabco shares have risen 27 percent since the beginning of the year.

  • BRUSSELS/ BERLIN, April 23- German Chancellor Angela Merkel was expected to press Greek Prime Minister Alexis Tsipras on Thursday to move faster to agree detailed economic reforms crucial to unlock international bailout funds before Athens runs out of cash. The conservative German leader was due to meet the leftist Greek premier just before an emergency...

  • *Gazprom calls charges "unfounded", seeks political agreement. BRUSSELS, April 22- The European Union launched a legal attack on Gazprom on Wednesday, stoking tension with Moscow as it accused the Russian gas giant of overcharging buyers in Eastern Europe and hindering competition. The EU's new antitrust chief, Margrethe Vestager, who a week ago announced a...

  • BRUSSELS— The European Union started legislative work on Wednesday that would allow individual nations to ban the imports of genetically modified crops even if approved by the food safety authority of the 28- nation bloc. Wednesday's proposal by the EU Commission will go to the European Parliament and the member states for further discussion.

  • ATHENS/ BRUSSELS, April 22- Greece can scrape together enough cash to meet its payment obligations until June, euro zone and Greek officials said on Wednesday, playing down fears of an imminent default as hopes receded of a deal with its creditors to release fresh aid. Greece has received two international bailouts worth 240 billion euros since 2010 but its...

  • EU charges Russia's Gazprom gas giant with market abuse Wednesday, 22 Apr 2015 | 6:01 AM ET

    BRUSSELS— The European Union on Wednesday charged Russian state energy giant Gazprom of abusing its dominant position in central and eastern EU nations in an antitrust case that will further test tense relations between Brussels and Moscow. EU Competition Commissioner Margrethe Vestager said Gazprom is strong-arming customer nations ranging from...

  • BRUSSELS— European Union opens antitrust case against Gazprom amid worsening EU-Russia relations.

  • BRUSSELS, April 22- The European Union's antitrust chief will hold a news conference at midday on Wednesday, the European Commission said, at which she is expected to charge Russian gas giant Gazprom with anti-competitive behavior. Earlier this week, sources told Reuters that she would send a charge sheet to Gazprom, accusing the company of over-charging...