The euro has remained stubbornly strong amid a slew of obstacles, and some analysts said the European Central Bank has kept it higher.» Read More
THESSALONIKI, Greece— A Greek court has reduced the prison sentence for the former mayor of the country's second largest city, finding him guilty of embezzling more than €17 million in city funds.
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.
*Portugal's worries about BES group have regional reverberations. 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.
*Athens says 3- year bond to be issued soon. ATHENS/ LONDON, July 9- Greece said on Wednesday it has hired banks for a new three-year euro bond, the aid-reliant nation's second debt sale since returning to financial markets in April.
FRANKFURT/ PARIS, July 9- The European Central Bank is hoping a new round of long-term loans will be used by banks to drive down borrowing costs- a substitute for an asset-purchase scheme of its own which would avert a potentially damaging internal split. "It's also the liquidity injection, the funding substitution," he told Reuters in Paris on Wednesday.
ATHENS, July 9- Greece will start taking orders from investors for a three-year bond later on Wednesday or on Thursday, two sources with knowledge of the matter told Reuters. A Greek official told Reuters in June that Athens was considering a sale before August of a bond with a maturity of three or seven years to raise 2 billion to 3 billion euros.
BEIJING- Sixth round of the U.S.- China Strategic and Economic Dialog will be held in Beijing, China. Treasury Secretary Jacob Lew and Secretary of State John Kerry will join their respective Chinese co-chairs, Vice Premier Wang Yang and State Councilor Yang Jiechi, for the Dialog.
CHARLOTTE, United States- Federal Reserve Bank of Richmond President Jeffrey Lacker speaks on "Economic Outlook, July 2014" before a luncheon hosted by the Rotary Club of Charlotte in Charlotte- 1700 GMT.
WELLINGTON- Reserve Bank of New Zealand Deputy Governor Geoff Bascand delivers a speech on "The evolution of New Zealand's currency." AIX-EN-PROVENCE, France- ECB Executive Board member Benoit Coeure speaks at a conference in Aix-en-Provence on European investments- 0815 GMT.
AIX-EN-PROVENCE, France- Annual "Davos in Provence" meeting. Speakers:- IMF chief Christine Lagarde, ECB Executive board member Benoit Coeure, Bank of France Governor Christian Noyer and France Finance Minister Michel Sapin.
Dimitris Daskalopoulos, vice chairman of Business Europe, says Greek small- and medium-sized enterprises have "survived" through the financial downturn but it is now time for them to "flourish".
FRANKFURT- ECB Governing Council meeting, followed by interest rate announcement and a news conference- 1145 GMT. STOCKHOLM- Swedish Central Bank announces interest rate decision. HOBART, Australia- RBA Governor Glenn Stevens addresses the Australian Conference of Economists and the Econometric Society Australasian Meeting in Hobart- 0100 GMT.
WASHINGTON- Federal Reserve Chair Janet Yellen gives Michel Camdessus lecture at an event hosted by the International Monetary Fund in Washington- 1400 GMT. STOCKHOLM- Swedish Central Bank holds Monetary Policy meeting. LONDON- RBA Assistant Governor Guy Debelle gives a speech to the Financial Times Camp Alphaville Conference in London- 1105 GMT.
*Greece plans to cut tax for oil/gas firms to 25 pct from 40 pct. LONDON, July 1- Greece is planning to cut tax rates for oil and gas companies as it wants to attract them to help exploit its untapped offshore hydrocarbon resources, its energy minister said on Tuesday.
WASHINGTON- The US-China Business Council will host a conversation with U.S. The Wall Street Journal's Sudeep Reddy will moderate the discussion. LONDON- Bank of England Deputy Governor Ben Broadbent speaks at Adam Smith Institute' Power Lunch'.
ZURICH- Bank for International Settlements releases its annual report. IDAHO, United States- 2014 Montana and Utah Bankers Association meeting. PARIS- 6th International Economic Forum on Latin America and the Caribbean on Beyond the Golden Decade?
*Pressure on France to boost links to Spain. BRUSSELS/ PARIS, June 26- Russia's cut in gas supplies to Ukraine has driven European Union leaders to debate how to bridge the gaps in Europe's grid urgently, replacing decades of fragmentation with a single, united energy market.
CNBC's Steve Sedgwick reports on all the market moving events from Europe, including the trading action in Barclays after the bank was slapped with accusations of securities fraud by NY AG Schneiderman.
WASHINGTON- Federal Reserve Bank of St. Louis President James Bullard speaks in New York on "Monetary policy and Income inequality" at the Charles Peter McColough Roundtable Series on International Economics. LONDON- Bank of England publishes half-yearly Financial Stability Report and Governor Mark Carney holds news conference- 0930 GMT.
ATHENS, June 25- President Barack Obama's administration will push the U.S. Congress to enact legislation to give European Union citizens the right to sue in the United States if they think their private data has been released or misused, the U.S attorney general said on Wednesday.