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  • Greece makes IMF payment, another looms Wednesday, 6 May 2015 | 5:22 AM ET

    ATHENS, Greece— Greece is making a 200 million euro repayment to the International Monetary Fund, though another, larger one looms next week that it will struggle to manage. Greece is struggling to agree on a deal with its creditors to get more rescue loans and is gradually running out of cash. On May 12, Greece is due to repay 750 million euros to the IMF, money it will...

  • ECB set to decide on increasing Greek bank lifeline Wednesday, 6 May 2015 | 5:09 AM ET

    FRANKFURT, May 6- The European Central Bank's Governing Council on Wednesday may nudge up the amount of Emergency Liquidity Assistance teetering Greek banks can borrow, as Athens struggles to avert a potentially catastrophic funding crunch. On Wednesday, Athens sells 875 million euros of six-month Treasury bills to refinance a maturing issue and a 200...

  • GLOBAL MARKETS-Bond rout rattles all assets Wednesday, 6 May 2015 | 4:55 AM ET

    LONDON, May 6- A worldwide selloff in government bonds deepened on Wednesday, with the rise in yields to their highest level this year spreading unease across all asset classes and putting stock markets around the world under pressure. Even top-rated assets sank, with Germany's 10- year yield rising to a 2015 high at just under 0.6 percent. "Another bloodbath in...

  • Earnings, data boost helps European shares halt slide Wednesday, 6 May 2015 | 4:24 AM ET

    *FTSEurofirst 300 up 0.4 pct, Euro STOXX 50 up 0.9 pct. Danish wind turbine maker Vestas Wind, mobile phone operator Telenor and AB InBev, the world's largest brewer, rose between 3 percent and 5 percent to be among the top regional gainers after posting better-than-expected results. They have been hit by a continued strengthening of the euro against the dollar...

  • *EU says won't discuss debt relief till Greece agrees reforms. *Greece says EU/IMF policy differences hamper talks. ATHENS/ BRUSSELS, May 5- Greece blew hot and cold with its euro zone partners on Tuesday as it struggled to avert a potentially catastrophic funding crunch this month, when it must make a big debt repayment to the IMF as cash reserves dry up.

  • European shares drop as Athens bourse slides Tuesday, 5 May 2015 | 12:57 PM ET

    Athens' benchmark ATG equity index fell 3.9 percent on worries over a deadlock in Greece's attempts to strike a deal with its international creditors. Greece stepped up diplomatic efforts with its euro zone partners on Tuesday to avoid running out of money this month, when it must make a big debt repayment to the International Monetary Fund as cash reserves dry...

  • It's clearly not one of Greece's classical marbles depicting the wars and gods of old— in fact, it's the first public monument about the country's harrowing experience of economic depression. "It is extremely important to provide a voice for the human beings behind the numbers, who have a real story to tell that goes beyond statistics," Nyfadopoulos told The...

  • European shares fall as Greek stocks slide Tuesday, 5 May 2015 | 9:38 AM ET

    LONDON, May 5- European shares fell on Tuesday as renewed worries over Greece weighed on the region's stock markets. Greece stepped up diplomatic efforts with its euro zone partners on Tuesday to avoid running out of money this month, when it must make a big debt repayment to the International Monetary Fund as cash reserves dry up. Talks continued with the IMF,...

  • LONDON, May 5- European markets were firmer on Tuesday after an extended weekend break, bucking fears of slowing demand from China and despite debt stand-off fears depressing Greek stocks. The European Commission sent positive signals on the economy, saying euro zone economic growth would be stronger than previously expected this year thanks to cheaper oil, a...

  • *Greek ministers visit Frankfurt, Brussels, Paris. ATHENS/ BRUSSELS, May 5- Greece stepped up diplomacy with euro zone partners on Tuesday to try to avert a potentially catastrophic funding crunch this month, when it must make a big debt repayment to the IMF as cash reserves dry up. Ministers were travelling to Frankfurt, Brussels and Paris to plead for a loosening of...

  • Greece seeks breathing room from ECB chief Draghi Tuesday, 5 May 2015 | 6:59 AM ET

    FRANKFURT, May 5- Greek Deputy Prime Minister Yannis Dragasakis meets European Central Bank President Mario Draghi on Tuesday, as his government seeks financial breathing room to prevent a default and stay in the euro. With time running out for an interim agreement that Greek Prime Minister Alexis Tsipras had aimed for by May 9, Athens faces an immediate cash...

  • *Athens' ATG index down 3 pct as debt worries weigh. Traders cited concerns that the International Monetary Fund may cut a funding lifeline to Greece unless its European partners accept more debt writedowns as weighing on the Greek market, with Greek bond yields also rising. Nevertheless, many traders still said new economic stimulus measures from the European...

  • VIENNA, May 5- Greece's debt talks with international creditors are making progress but have not yet produced a breakthrough, Austrian Finance Minister Hans Joerg Schelling said on Tuesday, adding he could not tell if a deal was in reach next week. "Participants in the Euro Working Group tell us the atmosphere in talks is good, that there are some positions where...

  • A lasting deal to give Greece more cash, however, wasn't expected by May 11, when the eurozone finance ministers will meet next. In the meantime, Greece will have to scrounge for cash to make a 750 million-euro repayment to the International Monetary Fund the following day. "That is the signal that everyone is waiting for, both in Greece and by its partners."

  • LONDON, May 5- Greek bond yields rose on Tuesday on reports that the International Monetary Fund may cut a funding lifeline to Greece unless its European partners accept more debt writedowns. The warning, reported in the Financial Times to have been made by the IMF's European head, Poul Thomsen, to euro zone finance ministers at their meeting in Riga last month,...

  • Grexit unlikely: S&P 500 Chairman   Tuesday, 5 May 2015 | 2:30 AM ET
    Grexit unlikely: S&P 500 Chairman

    David Blitzer, managing director and chairman of the S&P 500 Index Committee, tells CNBC that Greece's problems are far more political than economic.

  • Italian Fin Min: Greek talks will see results soon

    Pier Carlo Padoan, finance minister of Italy, expects the Eurogroup meeting on May 11 to see "tangible results" as Greece risks running out of cash in "maybe a couple of weeks."

  • ATHENS/ BRUSSELS, May 4- Wide differences over pension and labour reforms continued to dog intensive negotiations between Greece's leftist government and its international creditors despite progress in other areas as the country's cash position becomes increasingly critical. Government spokesman Gabriel Sakellaridis sounded the alarm on Monday,...

  • ECB's Draghi to meet with Greek Deputy PM Monday, 4 May 2015 | 3:22 PM ET
    Greek Deputy Prime Minister Yannis Dragasakis, center, is flanked by Interior Minister Nikos Voutsis, left, and Prime Minister Alexis Tsipras as they speak during a session of parliament in Athens, March 30, 2015.

    Talks on a funding deal between reshuffled Greek negotiators and creditor representatives have been under way since Thursday.

  • ATHENS/ BRUSSELS, May 4- Wide differences over pension and labour reforms continued to dog intensive negotiations between Greece's leftist government and its international creditors despite progress in other areas as the country's cash position becomes increasingly critical. Government spokesman Gabriel Sakellaridis sounded the alarm on Monday,...