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  • *Greece used temporary expedient to make IMF payment. ATHENS, May 12- Greece's leftist cabinet met for the second time in three days on Tuesday to thrash out what concessions to make in cash-for-reform talks with creditors after Athens had to resort to a temporary expedient to make a crucial payment to the IMF. Germany's hardline finance minister Wolfgang...

  • BRUSSELS, May 12- The former Soviet republics of Georgia, Moldova and Ukraine are moving inexorably from the orbit of a Russian state that promotes values fundamentally alien to its neighbours, according to Georgia's president. The country with the biggest territory in the world is looking for a few more square meters, "he said of Russia, which annexed the Crimea...

  • ATHENS, Greece— Greece completed a 757 million-euro debt payment to the International Monetary Fund on Tuesday despite a cash shortage in government coffers in Athens. Athens is under pressure to liberalize labor markets further and reduce high state funding for pensions— moves it has promised to resist. At a meeting in Brussels on Monday, Eurozone finance...

  • BRUSSELS, May 12- Supermarket groups Ahold and Delhaize are in merger talks to create a top 20 global retailer with a major presence in the United States, the two firms said on Tuesday, confirming recent media reports. The company will communicate material updates, if any, in accordance with regulatory requirements, "both Ahold and Delhaize said.

  • BRUSSELS, May 12- David Cameron is not the best liked European leader in Brussels, yet as he seeks changes in the EU to persuade Britons they should stay in, he will not lack offers of friendship. They will come from presidents and fellow prime ministers across the 28- nation European Union and its institutions, none of whom wants to lose the economic, geopolitical...

  • Britain's Osborne spells out mandate on EU referendum Tuesday, 12 May 2015 | 3:47 AM ET

    BRUSSELS— Emboldened by his party's election triumph, Britain's finance minister said Tuesday his government has a "very clear mandate" to change the terms of the country's membership in the European Union before it holds a referendum on whether to leave the bloc altogether. "We go into these negotiations aiming to be constructive and engaged but also resolute...

  • TOKYO, May 12- The dollar started the day on a firm tone on Tuesday, as anxiety over Greece's debt crisis helped push the euro toward a one-week low. Two Greek finance ministry officials told Reuters that Athens paid about 750 million euros to the International Monetary Fund a day before it was due, but this was not enough to alleviate anxieties that the country will...

  • *Greece seeks Eurogroup statement on "significant progress". BRUSSELS, May 11- EU paymaster Germany suggested on Monday that Greece might need a referendum to approve painful economic reforms on which its creditors are insisting, but Athens said it had no such plan for now and others warned a vote could delay vital aid. Greece calmed immediate fears of a default by...

  • BRUSSELS— Eurozone countries: progress made with Greece over bailout but more time and effort needed.

  • BRUSSELS, May 11- David Cameron is not the best liked European leader in Brussels, yet as he seeks changes in the EU to persuade Britons they should stay in, he will not lack offers of friendship. They will come from presidents and fellow prime ministers across the 28- nation European Union and its institutions, none of whom wants to lose the economic, geopolitical...

  • LONDON, May 11- Greek government bond yields rose on Monday as Germany raised the idea of a referendum on the painful reforms Europe is asking Athens to implement in exchange for further aid, adding another layer of uncertainty to the issue. Euro zone finance ministers meeting in Brussels were expected to issue a short statement later in the day acknowledging...

  • ATHENS, May 11- Greece paid about 750 million euros to the International Monetary Fund on Monday, a day before it was due, two Greek finance ministry officials told Reuters on Monday. Greece's government in recent days had insisted it would honour its obligations, but officials in the past have warned the country may not have enough money to make the payment.

  • *Greece seeks Eurogroup statement on "significant progress". *Finance minister says Greece will make IMF payment Tuesday. BRUSSELS, May 11- EU paymaster Germany said on Monday it could make sense for Greece to hold a referendum on painful economic reforms under negotiation with its creditors, changing tack as Berlin's own lawmakers bridle at further aid for...

  • LONDON, May 11- A cut in Chinese interest rates kept shares worldwide near record highs on Monday, though euro zone bourses, bonds and the euro were pegged back by a lack of progress in resolving Greece's financing woes. China's third rate cut in six months on Sunday saw Asian markets get the week off to a solid start, but Europe was hesitant with euro zone finance...

  • *Greece seeks Eurogroup statement on "significant progress". BRUSSELS, May 11- Greece demanded on Monday that euro zone finance ministers acknowledge progress in fraught negotiations on a cash-for-reform deal, hoping to unlock short-term borrowing to ease its acute financing crunch. Greece is due to make a crucial 750 million euro debt repayment to the...

  • LONDON, May 11- China's interest rate cut kept shares worldwide near record highs on Monday, though euro zone bourses, bonds and the euro were pegged back by a lack of progress in resolving Greece's financing woes. China's third rate cut in six months on Sunday saw Asian markets get the week off to a solid start, but Europe was cautious as euro zone finance ministers...

  • BRUSSELS, May 11- The European Union and Mexico will launch negotiations towards a new free-trade agreement later this year, as Europe seeks to tie its economy closer to North America following a deal with Canada and efforts to sign an accord with the United States. Building on a pact with Mexico from 2000, the European Union hopes to create a transatlantic...

  • BRUSSELS— Greece may have only a couple of weeks left before it faces real problems meeting its financial commitments, the country's finance minister conceded Monday as talks with European creditors dragged on without agreement. Following a meeting with his peers in the 19- country eurozone, Yanis Varoufakis said Greece was being strangled by a liquidity...

  • FOREX-Euro slips on unease over Greek talks Monday, 11 May 2015 | 4:18 AM ET

    LONDON, May 11- The euro slipped against the dollar on Monday, as many investors took a pessimistic view of the latest round of euro zone talks on a cash-for-reform deal for Greece. Greece, which must repay a 750 million euro loan to the International Monetary Fund on Tuesday, faces the risk of defaulting on debt repayments and being forced out of the euro zone.

  • LONDON, May 10- Prime Minister David Cameron plans to make finance minister George Osborne his lead negotiator as he speeds up his push for concessions from the EU before a planned referendum on Britain's membership of the bloc, the Sunday Times newspaper reported. European leaders lost no time on Friday in offering Cameron talks on EU reform, bidding to ease...