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  • ATHENS, March 27- Greece's outspoken Finance Minister Yanis Varoufakis is not planning to resign, two Greek government officials said on Friday, denying a report in Germany's Bild newspaper. After a celebrity photo shoot with his wife for Paris Match magazine angered officials from the ruling Syriza party, Varoufakis has appeared on fewer television shows...

  • BRUSSELS, March 26- International lenders are delaying plans to offer Ukraine billions of dollars on concerns Kiev cannot yet prove the cash will not vanish into a corrupt economy which EU officials fear could remain a "bottomless pit." Ukrainian authorities are still preparing a much-anticipated donor conference for April 28 but EU officials told Reuters...

  • *Citi lowers forecasts on global smartphone sector. The STOXX Europe 600 Technology Index was down 2.4 percent at 1315 GMT, tracking a similar decline in the United States concentrated among semiconductor companies overnight. Traders said one reason for the pull-back was a note by U.S. investment bank Citigroup, which on Thursday cut its forecasts for the...

  • EU signals further divergence from global banking rules Thursday, 26 Mar 2015 | 8:23 AM ET

    LONDON, March 26- The European Union will continue to diverge from global banking regulations where necessary to avoid overburdening smaller lenders, the bloc's financial services chief said on Thursday. Hill said he would "differentiate" from other Basel rules, too, in an effort to ensure that EU legislation is proportionate and takes into account different...

  • Uber sets up response teams as safety concerns rise Wednesday, 25 Mar 2015 | 5:17 PM ET

    Uber will form a safety advisory board comprising independent experts to review its practices and advise on adding safety features to its platform, the company's global safety head Phillip Cardenas said in blog post on Wednesday. The measures come in the wake of Brussels police arresting a taxi driver who confessed to taking part in several incidents of...

  • BRUSSELS— European Commission President Jean-Claude Juncker says the Greek government is to present no later than early next week the reform plans that are key to unlocking urgently needed rescue funds. Addressing a plenary of the European Parliament on Wednesday, Juncker said Greek Prime Minister Alexis Tsipras had told him he was "ready to present his...

  • EU, Ukraine to hold summit in Kiev on April 27 Wednesday, 25 Mar 2015 | 12:13 PM ET

    BRUSSELS/ KIEV, March 25- EU leaders will hold a summit with Ukrainian President Petro Poroshenko next month in Kiev, officials said on Wednesday, and are likely to discuss the status of the Minsk ceasefire agreement in eastern Ukraine. The summit will be a chance for Poroshenko, who attended an EU summit in Brussels in February, to brief leaders on whether the...

  • BRUSSELS/ ATHENS, March 25- Greece failed in a bid on Wednesday to secure a quick cash payment from the euro zone rescue fund to help stave off potential bankruptcy next month, raising pressure on Athens to deliver a convincing reform program within days. Athens had appealed for the European Financial Stability Facility to return 1.2 billion euros it said it had...

  • BRUSSELS— Two environmental groups say European Union nations continue to overfish their Atlantic waters despite commitments to fish sustainably and stay within safe scientific limits. Studies from the two obtained Wednesday by The Associated Press ahead of their release show that almost two out of three limits for catches in the waters off...

  • *Bailout fund to consider returning 1.2 bln euros to Greece. ATHENS/ BERLIN, March 24- Greece risks running out of cash by April 20 unless it secures fresh aid, a source familiar with the matter told Reuters on Tuesday, leaving little time to convince sceptical creditors it is committed to economic reform. After talks with EU leaders including German Chancellor...

  • LONDON, March 24- Leaving the European Union would be disastrous for Britain and harm its economy, Standard Life Chairman Gerry Grimstone said on Tuesday. "It would be disastrous for London and the UK if the UK were to leave the single market," Grimstone told a conference on how to maintain Britain's competitiveness as a financial centre. Grimstone, who also chairs...

  • LONDON, March 24- Someone has just rudely awoken the lead market from its months-long slumber. LME lead for three-month delivery spent 2013 and the first half of 2014 shuffling around in a range of $2,000- 2,300 per tonne. Since then it has drifted steadily downwards, culminating in last week's near five-year low of $1,676.50.

  • BRUSSELS, March 23- Brussels police on Monday arrested a taxi driver who confessed to taking part in several incidents of intimidation against drivers using the Uber ride-sharing app, in the latest controversy over the U.S. tech company in Europe. But with tensions mounting between licensed taxi firms and users of the services of California- based Uber,...

  • BRUSSELS, March 23- Businesses' demand for bank loans is resurgent in the euro zone as cheaper credit makes new investment projects more attractive, and this will support an economic recovery, ECB President Mario Draghi said on Monday. Speaking to European lawmakers in Brussels, Draghi said the ECB's deployment of monetary stimulus policies was accelerating...

  • HIGHLIGHTS-ECB's Draghi speaks in European Parliament Monday, 23 Mar 2015 | 10:19 AM ET

    March 23- European Central Bank President Mario Draghi spoke at the European Parliament in Brussels on Monday. Following are highlights from his comments:. We expect inflation in the euro area to remain very low or negative in the months ahead because the recent fall in oil prices will continue to influence the figures until later in the year.

  • LONDON, March 23- The euro fell on Monday, unable to build on its best weekly performance since late 2011 versus the dollar, on concerns about whether Greece can reach agreement with creditors to secure fresh funds. European Central Bank President Mario Draghi was due to address a European Parliament committee, with Greece and the progress of the ECB's...

  • Energy is the economic lifeblood of Russia, which vies with the United States and Saudi Arabia to be the world's top oil producer, and the sector is the main target of Western sanctions over Moscow's role in the conflict in Ukraine. Russia could respond by squeezing the gas exports on which Europe relies heavily. "If you start playing around with oil prices, Russia...

  • *ECB president's speech, Greece in focus. SYDNEY, March 23- The dollar started trade in Asia on the defensive, after a volatile few days in the wake of the Federal Reserve's dovish steer, which cast doubts on bullish positions in the greenback. "Our technical analyst highlights a series of bearish weekly key reversals for USD against EUR, GBP and CAD, suggesting USD...

  • Historians may record March 2015 as the moment when China's checkbook diplomacy came of age, giving the world's number two economy a greater role in shaping global economic governance at the expense of the United States and the international financial institutions it has dominated since World War Two. Irked that London had stolen a march, Germany, France and...

  • *Greek PM Tsipras to meet Merkel in Berlin. ROME, March 22- Markets still digesting an unexpectedly cautious message from the Federal Reserve will get more food for thought this week with U.S. inflation data and potentially rising risks of a Greek exit from the euro zone. Bank of Japan Governor Haruhiko Kuroda dismissed talk of competitive devaluations to spur...