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Greece

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  • *Michael Kors slumps on weak sales, weighs on rivals. The strong dollar, which means that U.S. companies earn less when sales abroad are brought back, and concerns about Greece has weighed heavily on Wall Street. "The market seems to be in a relief rally and looks like its catching its breath after yesterday's selloff," said Peter Cardillo, chief market economist at...

  • ATHENS, Greece— A big taboo has been broken in Athens. Instead, it insisted on calling the International Monetary Fund, European Commission and European Central Bank the "institutions. The troika and its austerity inspections, Athens said, were finished.

  • ATHENS, May 27- Greek banks have seen deposit outflows accelerate over the past week as fears rise that the euro zone country will default on debt, two banking sources said on Wednesday. The spike follows a steady outflow of money from Greek lenders this year as Athens and its creditors struggle to agree an aid-for-reforms deal before Greece runs out of money.

  • LONDON, May 27- Financial market trading revolved around the U.S. dollar on Wednesday with European shares rallying on the back of a weak euro and U.S. shares and commodities struggling. At midsession in Europe, the dollar was up 0.5 percent against the yen at 123.68 yen, its highest since June 2007. The fact that bets against the yen have been so much less crowded than...

  • US STOCKS-Futures edge higher after dollar rally subsides Wednesday, 27 May 2015 | 7:41 AM ET

    May 27- U.S. stock index futures were higher on Wednesday as the dollar retreated from its largest gain in two years and as worries about Greece receded. *Greece and its European creditors have also played down fears that Athens would default on a payment to the International Monetary Fund next week. *Michael Kors Holdings fell 11 percent to $53.92 after the...

  • German consumers remain optimistic for June Wednesday, 27 May 2015 | 6:05 AM ET

    BERLIN— A closely-watched survey shows German consumers remain optimistic as their economic expectations and willingness to make purchases have been bolstered by robust domestic demand and low inflation rates. The GfK research group said Wednesday its forward-looking consumer climate index rose to 10.2 points for June, up from 10.1 points in May.

  • "The dollar had a strong rebound on the back of slightly better than expected U.S. durable goods and consumer confidence data, but that rebound has been short-lived," said Angus Campbell, senior analyst at FXpro in London. Greece and its European creditors have played down fears that Athens would default on a payment to the International Monetary Fund next week.

  • LONDON, May 27- European shares rebounded from a one-week low on Wednesday, with the construction and materials sector leading the market higher after Holcim and Lafarge agreed with CRH on their divestment plans. The STOXX Europe 600 Construction and Materials index rose 0.6 percent after cement firms Holcim and Lafarge said they had reached a binding...

  • *Signs of Greek woes spreading to Spain dent risk appetite. TOKYO, May 27- Asian stocks sagged and the dollar stood tall on Wednesday on growing prospects the Federal Reserve was on track to raise interest rates later this year and concerns that financial woes could engulf Spain in addition to Greece. Spreadbetters expected a modestly higher open for Britain's...

  • *Signs of Greek woes spreading to Spain dent risk appetite. TOKYO, May 27- Asian stocks sagged and the dollar stood tall on Wednesday on growing prospects the Federal Reserve was on track to raise interest rates later this year and concerns that financial woes could engulf Spain in addition to Greece. Taking a lead from Wall Street's slide, MSCI's broadest index of...

  • Gold tumbles about 2% as dollar rally continues Tuesday, 26 May 2015 | 3:41 PM ET

    Gold fell more than 1 percent on Tuesday as the dollar extended gains following stronger U.S. inflation data and comments from the Fed.

  • Insana: Don't panic, watch headlines   Tuesday, 26 May 2015 | 1:33 PM ET
    Insana: Don't panic, watch headlines

    Greece is likely to miss its June IMF payment, according to the Financial Times. CNBC contributor Ron Insana weighs in and gives perspective to investment strategy.

  • A guide to Greece's debt crisis and what's at stake Tuesday, 26 May 2015 | 1:05 PM ET

    ATHENS, Greece— Greece is out of cash to repay debts due as soon as next week. Without a deal to get more loans, Greece could be unable to repay a series of loans to the IMF in June, the first of which is due on the 5th. Since Greece's rescue program started in May 2010, money has been disbursed in installments, with debt inspectors from the IMF, European Central Bank and...

  • A decline is an opportunity: Pro   Tuesday, 26 May 2015 | 1:00 PM ET
    A decline is an opportunity: Pro

    Kenny Polcari, O'Neil Securities, and Art Cashin of UBS, discuss the latest action in the markets.

  • European shares stumble on Spanish and Greek worries Tuesday, 26 May 2015 | 12:28 PM ET

    *Ryanair shares rise after airline's profits surge. LONDON, May 26- European stock markets stumbled on Tuesday as Greece's debt problems and a battering for Spain's government in local elections offset a rise in airline shares. Irish airline Ryanair surged 5.4 percent after posting higher profits.

  • *Spain, Portugal bonds hit by Rajoy defeat in local vote. The fallout in financial markets was limited in part by the European Central Bank's ongoing asset purchase scheme, but it did rattle nerves about neighboring Portugal where there are also signs of growing public discontent with austerity. 3/ 8. Investors have already shut the door on Greece, which voted in...

  • ATHENS/ BRUSSELS, May 26- Greece and its Europeans creditors on Tuesday sought to play down fears that Athens would default on a payment to the International Monetary Fund next week. Running short of cash to pay public sector salaries, pensions and debt obligations, senior members of Prime Minister Alexis Tsipras's government have said openly that Greece does...

  • Why we need a Greece agreement by June   Tuesday, 26 May 2015 | 11:00 AM ET
    Why we need a Greece agreement by June

    Thanos Vamvakidis, head of European G-10 FX strategy at BofA Merrill Lynch, talks about Greece's debt deadlines.

  • BRUSSELS, May 26- Cash-strapped Greece could avoid paying back the IMF on June 5 without defaulting if it lumps together all IMF repayments due in June and pays them at the end of the month, officials said on Tuesday. Greece has to repay the International Monetary Fund 300 million euros on June 5, the first of four installments due in June that total 1.6 billion euros.

  • El-Erian: Greece 'accident' 55% to 60% probability Tuesday, 26 May 2015 | 9:51 AM ET
    Mohamed El-Erian

    There's an ever-increasing probability of a financial "accident" involving debt-strapped Greece, Mohamed El-Erian tells CNBC.