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  • *ECB will likely avoid big decision on Greece. NICOSIA/ FRANKFURT, March 5- Keen to keep a low profile over the Greek crisis, the European Central Bank will focus on improved growth prospects on Thursday and unveil some but not all the details of its 1 trillion euros- plus bond buying plan. The ECB, meeting in Cyprus, will keep rates on hold and probably lift growth...

  • *Will likely avoid big decision on Greece. FRANKFURT, March 5- Keen to keep a low profile over the Greek crisis, the European Central Bank will focus on improved growth prospects when it meets on Thursday and unveil some but not all the details of its 1 trillion euros- plus bond buying plan. Meeting in Cyprus, the ECB will keep rates on hold, likely lift growth forecasts...

  • Merkel dampen talk of 3rd Greek bailout Wednesday, 4 Mar 2015 | 9:44 AM ET

    BRUSSELS— German Chancellor Angela Merkel and the president of the European Union's executive branch cautioned Wednesday against speculation that Greece will need a third financial bailout. Greece and its creditors recently agreed a four-month extension to Athens' second bailout to June. De Guindos later said Greece will need a new accord or program if it...

  • Diana Shipping reports 4Q loss Wednesday, 4 Mar 2015 | 8:36 AM ET

    ATHENS, Greece _ Diana Shipping inc. on Wednesday reported a loss of $7.7 million in its fourth quarter. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share. Diana Shipping shares have climbed 3 percent since the beginning of the year.

  • ATHENS, March 4- Greece raised the amount it sought to refinance maturing short-term debt on Wednesday, but at the highest yield for 11 months in a closely watched sale of T-bills that tested its ability to raise funds amid a cash crunch. Shut out of debt markets and with aid from its official creditors frozen, Athens is scrambling to meet this month's funding needs,...

  • German yields rise before euro zone PMI, U.S. jobs data Wednesday, 4 Mar 2015 | 3:27 AM ET

    LONDON, March 4- German bond yields rose on Wednesday before final data on euro zone manufacturing activity but the market's pull-back is seen tempered by the prospect of imminent European Central Bank quantitative easing. Data released earlier showed activity in China's services sector grew modestly last month and orders rose at their quickest pace in...

  • ATHENS, Greece— Greece's new left-wing government is promising to spend 200 million euros this year on assistance programs for people pushed into "extreme poverty" by the financial crisis. Greece is struggling to emerge from a six-year recession that saw a dramatic rise in unemployment and poverty, following drastic spending cuts in exchange for bailout...

  • ATHENS, March 3- Greece is tapping into the cash reserves of pension funds and public sector entities through repo transactions as it scrambles to cover its funding needs this month, debt officials told Reuters on Tuesday. Shut out of debt markets and with aid from lenders frozen, Athens is in danger of running out of cash in the coming weeks as it faces a 1.5 billion...

  • Euro zone bond yields edge up as ECB QE details eyed Tuesday, 3 Mar 2015 | 11:22 AM ET

    *Markets waiting for operational details on QE. LONDON, March 3- Most euro zone bond yields bounced off record lows on Tuesday as investors waited for the European Central Bank to provide more details of its trillion euro quantitative easing programme later this week. "D-day is drawing near," said ING strategist Martin van Vliet, expecting more details on the...

  • BRUSSELS, March 3- The European Bank for Reconstruction and Development will launch a five-year programme of loans and investments in Greece that EU governments hope can foster enterprise and growth to help revive an economy hobbled by public-sector debt. Suma Chakrabarti, president of the London- based EBRD, told reporters in Brussels that all its 66 state...

  • LONDON— Barely a year after emerging from a savage recession comparable in its intensity to the Great Depression in the U.S., Greece's economy is shrinking again. When figures last fall showed the Greek economy finally growing again after a recession that saw it shrink by a quarter and unemployment and poverty levels swell dramatically, then Prime Minister...

  • Fed has 'golden' chance to tighten: Druckenmiller Monday, 2 Mar 2015 | 4:32 PM ET

    The founder of Duquesne Capital Management said that the Fed risks disrupting the U.S. economy if it waits to raise interest rates.

  • LONDON, March 1- The latest episode of Greece's debt crisis has revived doubts about the long-term survival of the euro, nowhere more so than in London, Europe's main financial centre and a hotbed of Euroscepticism. To sceptics, the election of a radical leftist-led government in Athens committed to tearing up Greece's bailout looks like the start of an...

  • *Greece says can overcome immediate funding crunch. MADRID/ ATHENS, March 2- Euro zone countries are discussing a third bailout for Greece worth 30 billion to 50 billion euros, Spain's economy minister said on Monday, but EU officials said there were no such talks. Speaking at an event in Pamplona, northern Spain, Economy Minister Luis de Guindos said the new rescue...

  • DUBLIN/ MADRID, March 2- Europe's tough treatment of Greece's new government has eased some immediate anti-austerity pressure in Ireland and Spain, but it may take a lot more than that to put Dublin and Madrid's ruling parties' re-election prospects back on track. They both toed the line with Germany in demanding that Greece stick to its bailout commitments- a...

  • MADRID— Spain created hours of confusion over the future of Greece's troubled finances Monday by announcing that eurozone nations were negotiating a third Greek bailout of up to 50 billion euros, then backtracking by saying the prospect of such a bailout is merely hypothetical. The high profile sequence of events began when Spain's Economy Ministry said...

  • CNBC's Michelle Caruso-Cabrera reports the latest on negotiations for a Greek bailout.

  • ATHENS, March 2- Greece's government sought to assure its creditors and investors on Monday that it can cover its funding needs this month, including repaying a 1.5 billion euro loan to the International Monetary Fund. Athens is running out of options to fund itself despite striking a deal with the euro zone in February to extend its bailout by four months.

  • BERLIN— Chancellor Angela Merkel says she's hoping for a good future for Greece in the eurozone as Germany pushes Athens to comply fully with the terms of its financial bailout. Germany's Parliament signed off Friday on a four-month extension to Greece's bailout, an agreement under which the new Greek government committed to honoring its financial...

  • *Athens may need to issue more T-bills for funding. FRANKFURT, March 2- European Central Bank policymakers decamp to Cyprus on Wednesday wrestling with the uncomfortable fact that they may hold the keys to Greece's continued membership of the euro. With no political appetite for a' transfer union' that could see wealthier countries subsidise Greece, the central...