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  • BRUSSELS, May 28- The European Commission said on Thursday it had asked Paris for more information on a new French law on taxis and chauffeured cars following a complaint from mobile phone taxi-booking service Uber. In November Uber filed a complaint with the Commission against the French law, arguing it favoured regular taxis at Uber's expense and that France...

  • BRUSSELS, May 28- The European Commission said on Thursday it had asked Paris for more information on a new French law on taxis and chauffeured cars following a complaint from mobile phone taxi-booking service Uber. In November Uber filed a complaint with the Commission against the new French taxi law, arguing it favored regular taxis at Uber's expense and that...

  • We're pals now, give us money, Balkan PMs tell the EU Thursday, 28 May 2015 | 11:20 AM ET

    *Balkan premiers eager for joint projects. *Serbia and Kosovo PMs shake hands. The prime ministers of Serbia, Montenegro, Macedonia, Bosnia, Kosovo and Albania, all hoping to join the bloc, said their cooperation should be rewarded with projects like new road and rail links.

  • *Greece expected to make June 5 payment despite threats. The government is talking up chances of an aid-for-reform agreement before a roughly 300 million euro payment falls due on June 5 to the International Monetary Fund, which along with the euro zone funds Greece. Even if Greece did miss an IMF payment, the consequences need not be immediately catastrophic,...

  • *Greece aims for deal with EU/IMF by Sunday. ATHENS, May 28- Greece's government aims to reach an agreement with its lenders on a cash-for-reforms deal by Sunday, its spokesman said on Thursday, brushing off comments from euro zone officials suggesting a deal was far from imminent. He suggested comments by officials on the other side of the negotiating table...

  • LONDON, May 28- Relative calm on global markets during the latest Greek debt standoff more closely reflects the low probability assigned to a euro exit than how contained such a shock could be. As Greece has returned to the precipice of another default and the outsize chance of Grexit- Greece being forced out of the euro zone- world markets have barely flinched.

  • BRUSSELS, May 28- Confidence in the euro zone's economy stabilised in May after a strong start to the year, held back from further gains by pessimism among households, who also expect rising prices in a sign of the retreating threat of deflation. Arguably most positive for the European Central Bank, which launched a money-printing programme this year, the...

  • *U.S. expected to press Europe to reach deal on Greece. DRESDEN, Germany, May 27- G7 ministers and central bank heads convened on Wednesday to discuss how to revive global growth and China's increasing clout, while keeping a close eye on the protracted talks to avoid a Greek default. The United States is likely to use the talks, running through to Friday, to press Europe...

  • ATHENS, May 27- Greece's government on Wednesday said it is starting to draft an agreement with creditors that would pave the way for aid, but European officials quickly dismissed that as wishful thinking. Greece and its European and International Monetary Fund lenders have been locked in tortuous negotiations on a reforms agreement for four months without a...

  • UPDATE 2-U.S. urges EU, IMF to be flexible with Greece Wednesday, 27 May 2015 | 12:27 PM ET

    Treasury Secretary Jack Lew issued the warning on Wednesday in a stopover in London on his way to a meeting of Group of Seven finance ministers in Dresden, Germany. Finance ministers from the United States, Japan, Germany, France, Italy, Britain and Canada are meeting in Dresden on Thursday and Friday, and although Greece is not formally on the agenda, it will be...

  • Greece says deal close, Schaeuble quashes optimism Wednesday, 27 May 2015 | 10:21 AM ET

    Alexis Tsipras spoke shortly before Greek negotiators were due to meet in Brussels with representatives of the bailout creditors— whose cash has kept Greece from bankruptcy for the past five years. But he warned stumbling blocks remain, as Greece is dealing with three different creditor institutions— the International Monetary Fund, European Commission...

  • LONDON, May 27- Yields on Greek bonds fell and European shares extended their gains on Wednesday on the prospect of an accord between Greece and its creditors. A Greek government official told Reuters that the Brussels group of Athens' official creditors had started procedures to draw up a staff-level agreement. Greek 10- year government bond yields fell 42 bps...

  • *U.S. expected to press Europe to reach deal on Greece. DRESDEN, Germany, May 27- Little more than a gentlemen's club in recent years, G7 finance ministers and central bankers have their work cut out this week to revive stuttering global growth and defuse tensions over China's growing economic clout. The United States is likely to use the talks, beginning late on...

  • G7 finance chiefs meet with growth problem to fix Wednesday, 27 May 2015 | 4:47 AM ET

    U.S. expected to press Europe to reach deal on Greece. The United States is likely to use the talks, beginning late on Wednesday and running through to Friday, as an opportunity to press Europe to reach a funding-for-reforms deal with Greece, an official close to the discussions said. Hosts Germany have given the meeting in Dresden the heading "Towards a Dynamic...

  • Electrical failure paralyzes Belgian air traffic Wednesday, 27 May 2015 | 4:41 AM ET

    BRUSSELS— A power failure at a control center paralyzed most of air traffic in and over Belgium for much of Wednesday and caused chaos at Brussels airport because of delays, detours and cancellations of flights. Planes slowly started flying again by mid-afternoon but by that time, thousands of passengers at Brussels airport had been affected.

  • DIARY- Top Economic Events to June 9 Wednesday, 27 May 2015 | 12:01 AM ET

    Treasury Secretary Jack Lew will participate in a moderated conversation at the London School of Economics and Political Science- 0945 GMT. LONDON- Bank of England's Sarah Breeden: CSFI Roundtable on Bank of England's Procyclicality Working Group SEOUL- Former Federal Reserve Chairman Ben Bernanke to attend a financial forum hosted by Dong-A Ilbo and...

  • LONDON, May 26- A panel of European Union lawmakers narrowly rejected a draft law aimed at curbing trading risks at banks after they failed to bridge a deep divide between the main parties. The European Parliament's economic affairs committee voted to reject the draft law on bank structural reform by 30 votes to 29 in a relatively rare move.

  • BERLIN, May 26- Germany and France have agreed plans to strengthen cooperation among euro zone countries without changing existing EU treaties, in a potential setback for British Prime Minister David Cameron as he holds key meetings this week with both countries' leaders. The blueprint would bolster the 19- nation euro zone, of which Britain is not a member, by...

  • Greece mulls levy on undeclared deposits to raise cash Tuesday, 26 May 2015 | 8:33 AM ET

    ATHENS, Greece— Greece is proposing to legalize tax-dodgers' undeclared money for a fee, a way to raise money as the country tries to reach a deal with creditors to get more bailout money and avoid default. The new, radical left-led government in Athens says that without the money it can't make a debt payment to the International Monetary Fund on June 5.

  • ANALYSIS-The European center-left's quandary Monday, 25 May 2015 | 1:50 PM ET

    LONDON, May 25- A crushing election defeat for Britain's Labor party has laid bare the dilemma facing Europe's center-left. "We were sent out... to make an argument, if you can call it an argument, which basically said we're for the poor, we hate the rich, ignoring completely the vast swathe of the population who exist in between," was former Labor cabinet minister and EU...