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Greece

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  • *Australia CPI data next test for AUD. SYDNEY, April 22- The yen nursed modest losses early in Asia on Wednesday, while the other major currencies drifted in familiar ranges with investors seemingly lacking enough conviction to break to new ground. Notably, the New Zealand dollar touched a three-month high of 92.10 yen, before easing back to 91.71 yen.

  • ATHENS, April 21- Greece held "constructive" talks with the head of Russian gas giant Gazprom who visited Athens on Tuesday and hopes that the two sides would soon reach a deal on a pipeline that will bring Russian gas to Europa via its territory. Greece expressed interest in the pipeline during talks between Prime Minister Alexis Tsipras and Russian President...

  • US puts 2 Greek far-left militants on terror blacklist Tuesday, 21 Apr 2015 | 12:54 PM ET

    The State Department added Christodoulos Xiros and Nikolaos Maziotis to a list that freezes any assets they may have under U.S. jurisdictions. Greek Foreign Minister Nikos Kotzias, in a wide-ranging interview with The Associated Press Tuesday, said that if Savvas Xiros seeks a change of confinement under the new law, the request would have to be approved by a...

  • BRUSSELS, April 21- Euro zone finance ministers will not set any deadline for Greece to come up with reforms to get more funding because such time limits lead to brinkmanship in negotiations, a senior euro zone official said on Tuesday. Greece, which is quickly running out of cash, pledged to its euro zone partners in February that by the end of April it would agree...

  • *ECB may reduce collateral value for Greek banks- Bloomberg. Treasuries prices were little changed on Tuesday, steadying after the prior day's losses, as worries about Greek banks' access to cash were offset Staff at the European Central Bank have prepared a plan to reduce further the value it assigns to securities Greek banks use to get emergency funding,...

  • AMSTERDAM, April 21- The head of the Eurogroup said on Tuesday that he expects Athens and its creditors to strike a new deal in the coming weeks and that it was in the euro zone's interests that Greece remains in the currency bloc. Jeroen Dijsselbloem, who heads the group of euro zone finance ministers, said Greece must meet its obligations and agreements if it wants...

  • VIENNA, April 21- European Commission President Jean-Claude Juncker urged Greece on Tuesday to step up efforts to strike a deal with its international creditors, warning that talks were not advanced enough to find a quick solution. "Greece has a humanitarian crisis which one has to face so it's out of the question to abandon Greece," Juncker said in Vienna. "

  • Greek anger over state cash grab from public entities Tuesday, 21 Apr 2015 | 7:16 AM ET

    At an emergency meeting in Athens, angry mayors voted to defy the order to have spare reserves put in a central bank account. Until it reaches an agreement with its creditors from the 19- country eurozone and the International Monetary Fund, Greece will not get a badly-needed 7.2 billion euros in rescue funds, without which Athens will be unable to meet loan...

  • *Greece default worries keep investors on edge, cap euro. European trading started strongly with the pan-regional FTSEurofirst 300 index up over 0.6 percent in early deals, after a 1.4 percent jump by the Nikkei in Tokyo and a 2 to 2.5 percent rises in China's main markets had lifted Asia. Publicis, Sky, ARM Holdings were all up more than 4 percent after reporting...

  • Here's why you should buy Greek bonds   Tuesday, 21 Apr 2015 | 4:30 AM ET
    Here's why you should buy Greek bonds

    Jakob Christensen, senior economist at Exotix, explains why he believes we should be buying Greek bonds right now.

  • *Euro on the defensive on worries over Greece. LONDON, April 21- The euro was weaker across the board on Tuesday, pressured by deepening worries that Greece could default on its debt and eventually exit the currency union. With Greece at the forefront, and very little in the way of an imminent bailout deal, political risks are set to dominate and would overshadow any...

  • *Euro stays on defensive on worries over Greece. SINGAPORE/ TOKYO, April 21- The dollar edged higher against its peers on Tuesday, drawing support as the euro was pressured by increasing worries that Greece could default on its debt and eventually exit the single currency. The Greek concerns are keeping traders on the lookout to sell the euro on rallies, said...

  • Grexit will crush German government bonds: Pro   Tuesday, 21 Apr 2015 | 12:52 AM ET
    Grexit will crush German government bonds: Pro

    Cosimo Marasciulo, head of European Government Bonds at Pioneer Investments, says a "Grexit", which may occur over the next few months, will result in German bond yields turning negative.

  • China's growth will stabilize in Q3: Pro   Tuesday, 21 Apr 2015 | 12:06 AM ET
    China's growth will stabilize in Q3: Pro

    Easing measures that are already announced, along with a possible rate cut moving ahead, should stabilize China's growth by the third quarter, says Dariusz Kowalczyk, senior economist, strategist - Asia ex-Japan at Credit Agricole.

  • *Stocks supported by China's stimulus measures. *India celebrates gold-buying festival of Akshaya Tritiya. SINGAPORE, April 21- Gold remained below the key $1,200 level on Tuesday after overnight losses, as a rally in global equities and a firmer dollar dented the metal's appeal as a safe haven.

  • If 'Grexit' occurs, it will be the end of EU: Mobius

    Mark Mobius, executive chairman at Templeton Emerging Markets Group, says Greece has to be part of the European Union due to military reasons. If the exit occurs, it would be "the beginning of the end for the EU."

  • TOKYO, April 21- The dollar held gains against its peers on Tuesday, drawing support as the euro slid overnight on increasing worries that Greece could default on its debt and eventually exit the single currency. The common currency took a hit after public sector entities in Greece were ordered to transfer idle reserves to the central bank to help alleviate a...

  • SINGAPORE, April 21- Gold held on to overnight losses on Tuesday, trading below the key $1,200 an ounce level, as a rally in global equities and a firmer dollar dented the metal's appeal as a haven. *The dollar rose broadly on Monday, with the euro sliding more than half a percent against the U.S currency, on growing concern that Greece may default on debts.

  • Not surprised if Greek talks yield no deal: Pro   Monday, 20 Apr 2015 | 7:16 PM ET
    Not surprised if Greek talks yield no deal: Pro

    Bill Stone, chief investment strategist at PNC Asset Management Group, says this week's bailout talks may not see results and explains why comments about European stocks offering "unlocked value" is a nervous proposition.

  • *French finance minister: Greece must honor pledges. ATHENS, April 20- Greece ordered state entities from municipalities to a fund meant for future generations to park idle cash at the central bank in a scramble on Monday to pay its bills. With IMF loan repayments due next month, Greece has been tapping into public cash reserves in temporary transactions.