The first indications of an upturn raise hopes as Greece's finance minister aims to steer the country out of its catastrophic recession.» Read More
ATHENS, Greece— Greece's government says it won't enact further austerity measures ahead of talks later this week with bailout creditors. Finance Minister Gikas Hardouvelis and four other cabinet ministers are to attend the talks with debt inspectors— the first time they have taken place outside Greece since the country was bailed out in 2010..
Speakers:- Polish National Bank Governor Marek Belka, Bank of Finland Governor Erkki Liikanen and ECB Governing Council member Ewald Nowotny. ATHENS- French Former Finance Minister Pierre Moscovici is expected to meet Greek Prime Minister Antonis Samaras, Deputy Prime Minister Evangelos Venizelos and Finance Minister Gikas Hardouvelis.
LONDON, Aug 25- Yields on most euro zone government bonds hit record lows on Monday as speculation grew that the European Central Bank was preparing a big programme of asset purchases to counter wilting inflation. Germany, France, Italy, Spain, Portugal, Ireland and others saw their yields hit all-time lows.
*Competition set to rise in Middle East, Asia. As the European Union's second biggest apple producer, Poland has some 700,000 tonnes of the fruit it usually sells to Russia but can't, because Moscow has a food embargo on many EU and U.S. goods as part of tit-for-tat sanctions related to the Ukraine crisis.
*Germany surprises by slipping into contraction. BERLIN/ BRUSSELS, Aug 14- The euro zone economy ground to a halt in the second quarter of the year, drained of vigor by contraction in Germany and stagnancy in France.
*Germany surprises by slipping into contraction. BERLIN/ BRUSSELS, Aug 14- The euro zone economy ground to a halt in the second quarter of the year, drained of vigour by surprisingly shrinking growth in Germany and stagnancy in France.
*Germany surprises by slipping into contraction. *France flatlines, government rips up growth forecast. BERLIN/ PARIS, Aug 14- Germany's economy shrank in the second quarter and France again failed to conjure up any growth, snuffing out any signs of a recovery in the euro zone which is now also weighed down by tit-for-tat sanctions with Russia.
*Germany surprises by slipping into contraction. *France flatlines, government rips up growth forecast. BERLIN/ PARIS, Aug 14- Germany's economy shrank in the second quarter and France again managed to conjure up no growth, data showed on Thursday, snuffing out any signs of a recovery in the euro zone which is now weighed down by tit-for-tat sanctions with Russia.
ATHENS, Aug 13- Greece's economy shrank in the second quarter at its slowest annual pace since late 2008 when its protracted recession began, data showed on Wednesday, supporting expectations that Athens will emerge from the six-year slump this year.
Mehmet Buyukeksi, head of the Turkish Exporters Assembly, said he expected a significant increase in poultry and seafood exports to Russia, and that Turkey could also meet increased Russian demand for fruit and vegetables. Turkey was the 5th leading supplier of food to Russia with $1.68 billion worth of trade in 2013..
LONDON, Aug 8- European dairy firms halted production of cheese and butter destined for Russia and Norwegian salmon prices fell, as a wide array of small fresh food producers felt the first impact from Moscow's tit for tat ban on their goods.
*Greece has fourth-highest milk prices in EU. LARISSA, Greece, Aug 5- Grassroots movements to cut out middlemen have been on the increase since Greece's debt crisis exposed the country's Achilles heel- a bureaucratic system which stifles innovation and encourages corruption.
FRANKFURT/ ATHENS, Aug 4- Brussels is considering scrapping the troika that supervises Greek reforms to allow Athens to pursue its own plan to bolster the economy in return for a drip-feed of debt relief, European officials say.
LONDON- Europe's largest bank HSBC warns that regulators' zeal to punish wrongdoing is putting its staff off taking reasonable business risks, as it reports a 12 percent drop in first-half profit. Portugal in $6.6 bln rescue of Banco Espirito Santo.
ATHENS, Aug 4- Incoming European Commission President Jean-Claude Juncker played down on Monday the option of an outright writing off of part of the euro zone loans to Greece to make the country's debt more manageable.
WASHINGTON- Swedish Finance Minister Anders Borg holds a press conference from the U.S.-Africa Leaders Summit in Washington- 1100 GMT. ATHENS- European Commission President Jean-Claude Juncker visits Athens and meets Greek Prime Minister Antonis Samaras- 0800 GMT. LONDON- Bank of England holds Monetary Policy Committee meeting.
MOSCOW/ ATHENS, July 31- Russia has banned soy imports from Ukraine and may impose restrictions on Greek fruits and U.S. poultry next week, Russian news agencies reported on Thursday, in what could be responses to new Western sanctions.
The euro has remained stubbornly strong amid a slew of obstacles, and some analysts said the European Central Bank has kept it higher.
Mikio Kumada, Executive Director & Global Strategist at LGT Capital Partners, discusses the concerns surrounding the euro zone's periphery markets.
LONDON, July 10- Concern about the health of a parent company of Portugal's largest bank hurt bonds from the euro zone's periphery on Thursday, curbing demand at Greece's second debt sale following its 2012 default.