• Greece says under pressure for new austerity Thursday, 27 Nov 2014 | 9:56 AM ET

    ATHENS, Greece— A Greek official says the country is under pressure from rescue creditors to impose new austerity measures to resolve an ongoing budget disagreement worth a reported 2 billion euros. Negotiator Christos Protopapas, a former union leader and Socialist labor minister, said Thursday that international lenders remained at odds with Athens over...

  • General strike shuts down services across Greece Thursday, 27 Nov 2014 | 2:54 AM ET

    ATHENS, Greece— A 24- hour general strike in Greece shut down services across the country, forcing flight cancellations and school closures and leaving state hospitals functioning with emergency staff, while tens of thousands of protesters marched in central Athens. Labor unions called the strike to protest continued austerity measures as Greece...

  • Greek journalists on strike Wednesday, 26 Nov 2014 | 3:49 AM ET

    ATHENS, Greece— Greek journalists are on a 24- hour strike, pulling all newscasts off the air a day before a nationwide general strike against austerity measures. Radio and television stations were not broadcasting any news bulletins Wednesday, and current affairs websites were not being updated from 6 a.m. No Thursday newspapers will be published.

  • Greek bailout talks resume in Paris Tuesday, 25 Nov 2014 | 12:09 PM ET

    PARIS— Greece resumed negotiations in Paris with bailout inspectors on Tuesday, as officials in Athens said the country would seek a more gradual exit from the massive rescue program than previously hoped. Greek Finance Minister Gikas Hardouvelis started the weeks-delayed talks with representatives from the European Commission, European Central Bank...

  • Diana Shipping beats Street 3Q forecasts Tuesday, 25 Nov 2014 | 8:24 AM ET

    ATHENS, Greece _ Diana Shipping inc. on Tuesday reported third-quarter net income of $7.7 million. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share. Analysts expected $43.4 million, according to Zacks.

  • OECD sees gradual world recovery, urges ECB to do more Tuesday, 25 Nov 2014 | 5:30 AM ET

    PARIS, Nov 25- The global economy will gradually improve over the next two years but Japan will grow less than previously expected while the euro zone struggles with stagnation and an increased deflation risk, the OECD said on Tuesday. The United States and Britain will grow more strongly then the euro zone and Japan and, among emerging countries, India, Indonesia...

  • Aegean Marine reports 3Q loss Monday, 24 Nov 2014 | 4:24 PM ET

    ATHENS, Greece _ Aegean Marine Petroleum Network Inc. on Monday reported a loss of $4.3 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • UN labor organization sees dark picture for Greece Monday, 24 Nov 2014 | 8:07 AM ET

    ATHENS, Greece— Greece may be exiting a cruel six-year recession, but it will take at least 20 years for employment to regain pre-crisis levels without concerted action, the United Nations' labor organization says. ILO research department head Raymond Torres outlined the proposals in a new ILO report presented in Athens on Monday. Greece nearly went bankrupt in...

  • Greece, creditors look to revive bailout review Monday, 24 Nov 2014 | 5:39 AM ET

    Greece disagrees with its debt inspectors— the International Monetary Fund, European Commission and European Central Bank, known as the troika— on the economic outlook and whether more reforms are needed. Greece insists that, contrary to what the troika believes, it will have no financing gap next year. Hammered by a financial crisis caused by years of...

  • *Athens wants to conclude review so it can exit bailout. ATHENS, Nov 24- Greece's government will resume stalled talks with EU/IMF lenders in Paris on Tuesday, as Athens pushes to conclude a crucial review by inspectors so it can make an early exit to an unpopular bailout programme. But talks floundered over a projected budget gap for next year and EU/IMF...

  • ATHENS, Nov 21- Greece's government on Friday pushed ahead with plans for a near-balanced budget next year, ignoring objections from its international lenders who say Athens is set to miss its deficit forecast. The government and the European Union and International Monetary Fund have been at loggerheads over the projected 2015 deficit, with the lenders...

  • Tsakos meets 3Q profit forecasts Friday, 21 Nov 2014 | 9:09 AM ET

    ATHENS, Greece _ Tsakos Energy Navigation Ltd. on Friday reported profit of $5.2 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of 4 cents per share. Analysts expected $86.8 million, according to Zacks.

  • StealthGas misses 3Q profit forecasts Friday, 21 Nov 2014 | 8:12 AM ET

    ATHENS, Greece _ StealthGas Inc. on Friday reported third-quarter profit of $1.6 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share. StealthGas shares have decreased 26 percent since the beginning of the year.

  • Greek budget forecasts strong growth next year Friday, 21 Nov 2014 | 6:48 AM ET

    ATHENS, Greece— Greece's government on Friday submitted its 2015 budget to Parliament, sticking with high-growth and low-deficit predictions that rescue lenders say are too rosy. The budget projects Greece's primary surplus— state income without taking into account interest payments on outstanding debt— will be 3 percent of gross domestic product.

  • DIARY - Top economic events to Dec 4 Thursday, 20 Nov 2014 | 7:01 PM ET

    WASHINGTON- Federal Reserve Board Governor Daniel Tarullo testifies on " Physical Commodities" before the Senate Homeland Security& Governmental Affairs permanent subcommittee on investigations in Washington- 1430 GMT. WASHINGTON- New York Federal Reserve Bank President William Dudley testifies to Senate Banking subcommittee on Financial...

  • Greek ex minister convicted over Swiss account Tuesday, 18 Nov 2014 | 4:03 PM ET

    ATHENS, Greece— A Greek former finance and defense minister has been convicted of failing to declare 1.2 million euros that his wife had placed in a Swiss bank account. An Athens court on Tuesday sentenced Yannos Papantoniou and his wife Stavroula Kourakou to four years each in prison and ordered them to pay fines of 10,000 euros respectively.

  • *Athens wants to exit bailout one year ahead of time. ATHENS, Nov 18- Greece is locked in tough negotiations with its foreign lenders, with "nerves stretched" on both sides, the finance minister warned on Tuesday, raising the temperature as Athens tries to exit an unpopular bailout programme. Inspectors from the European Union and the International Monetary Fund...

  • Yikes! Olive oil prices could soar on poor harvest Tuesday, 18 Nov 2014 | 11:47 AM ET
    Italy's 2014 olive harvest was declared by both producers and experts as the worst in history, due to adverse climatic conditions which helped the olive fly proliferate, thus destroying the olives before they could be harvested.

    If your favorite bottle of Mediterranean olive oil starts costing more, blame unseasonable European weather—and tiny insects.

  • Blighted harvest drives olive oil price pressures Tuesday, 18 Nov 2014 | 2:19 AM ET

    BEJA, Portugal— If your favorite bottle of Mediterranean olive oil starts costing more, blame unseasonable European weather— and tiny insects. High spring temperatures, a cool summer and abundant rain are taking a big bite out of the olive harvest in some key regions of Italy, Spain, France and Portugal. In Spain, the world's biggest producer, the young farmers'...

  • Battered, Greece faces years to recoup recession Saturday, 15 Nov 2014 | 6:58 AM ET

    Greece's recession— the economy shrank every year since 2008— was declared over on Friday. Hope is back, Greece is back. " Cardiologist George Vichas set up the Metropolitan Community Clinic three years ago to continue treating his patients who lost health insurance.