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  • ATHENS, March 6- Greece will auction 1.0 billion euros of three-month treasury bills on March 11 to refinance a maturing issue, debt agency PDMA said on Friday, announcing its second sale this month as the government faces 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,...

  • ATHENS, Greece— Greece's central bank governor says it is "very important" for next week's meeting of eurozone finance ministers, set for Monday in Brussels, to go well for Greece. The 19 finance ministers are to discuss how much progress Greece has made since the financially stricken country sent the ministers a list of reforms late last month to win a four-month...

  • *ECB won't allow Greece to issue more short-term debt. NICOSIA/ ATHENS, March 5- The European Central Bank will resume normal lending to Greek banks only when it sees Athens is complying with its bailout program and is on track to receive a favorable review, ECB President Mario Draghi said on Thursday. The tough line, spelled out after the ECB's policymaking...

  • NICOSIA/ FRANKFURT, March 5- The European Central Bank will launch into quantitative easing next week having increased its economic growth forecasts for this year and next. President Mario Draghi said the first bond purchases with new money would take place on March 9. The euro zone's central bank has said it will buy 60 billion euros a month until Sept. 2016 or...

  • Greece cannot rely on ECB to dodge funding crunch Thursday, 5 Mar 2015 | 9:01 AM ET

    NICOSIA, March 5- Greece cannot rely on the European Central Bank to raise a limit on Athens' issuance of short-term debt, ECB President Mario Draghi suggested on Thursday. Asked about the short-term debt limit at a news conference following the ECB's meeting in Cyprus, Draghi said that the bank was prohibited by European rules from direct or indirect financing...

  • *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...

  • Mixed messages on third Greek bailout talks Monday, 2 Mar 2015 | 2:00 PM ET
    Greece's Finance Minister Yanis Varoufakis (L) speaks with Spanish Finance Minister Luis de Guindos Jurado as they arrive to take part in an European economic and financial affairs (ECOFIN) meeting at the European Council in Brussels, on February 17, 2015.

    Euro zone countries are discussing a third bailout for Greece, Spain's economy minister said on Monday, but EU officials said there were no talks.

  • *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...