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Greece

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  • LONDON, Oct 20- Portuguese government bond yields jumped on Monday as financial concerns over one of the country's largest listed companies and the approaching bankruptcy of the Espirito Santo family shook investor confidence in the fragile peripheral economy. The liquidation of the assets of Espirito Santo holding company Rioforte virtually ensures...

  • LONDON, Oct 19- Evaporating inflation and slowing growth have put financial markets into such a spin that they could inflict further damage on the world economy. With the Fed set to turn off its money taps at the end of this month, investors appear to have woken up to poor growth prospects in much of the world, something International Monetary Fund chief Christine...

  • Samaras said Athens was talking with its lenders about what should happen if Greece succeeds in leaving its bailout programme by the end of December, a year ahead of schedule, as Greek officials hope. He sees one option as a credit line that Athens could tap post-bailout should it fall prey to future market turmoil. But the details of any such credit line have yet to...

  • European shares post biggest daily gain in three years Friday, 17 Oct 2014 | 12:37 PM ET

    LONDON, Oct 17- A key pan-European equity index posted its biggest daily gain in three years on Friday as stronger U.S. data fueled a rebound from recent sharp losses and speculation about monetary easing stabilized lower-rated euro zone bonds. The index extended gains after a widely followed survey showed U.S. consumer sentiment rose in October to the highest...

  • Greek eyes precautionary credit line after bailout Friday, 17 Oct 2014 | 10:22 AM ET

    ATHENS, Greece— Greece's prime minister said his government is in talks with rescue lenders over a possible precautionary credit line to ease the country's exit from its 240 billion euro bailout program. Antonis Samaras, speaking to reporters Friday at a summit in Milan, said the credit line was "an item negotiation." He did not clarify whether the credit line...

  • LONDON, Oct 17- World stocks hit a nine-month low on Friday but oil and southern European bonds were off their week's worst levels, as investors began to dust themselves off after one of the most volatile spells in world markets in years. Bourses in London, Frankfurt and Paris started the day up 1 to 1.5 percent and Athens rose 4.5 percent as Greek governments bonds...

  • *Concern that Germany and ECB will do too little too late. PARIS, Oct 16- After a two-year siesta, the euro zone is back in the financial markets' firing line due to stagnating growth, low inflation, budget problems in France and Italy and rising political risk in Greece, where the bloc's debt crisis began in 2009.. But four overlapping factors have rekindled anxiety...

  • *Investors fret at prospect of Greece going it alone. ATHENS/ FRANKFURT, Oct 16- The European Central Bank will loosen its terms for accepting security from Greek banks to allow them to tap more of its funding, offering the country's lenders support as stock and bond markets in Athens tumble. The current "troika" of inspectors made up of the ECB, the European...

  • LONDON, Oct 16- World markets tumbled for a second day on Thursday, hurt by concerns about the health of world economy and fears that Europe's debt crisis was waking up from a two-year siesta. European stock markets slumped, with London, Frankfurt and Paris down 1.8, 1.7 and 2.4 percent by midday and Greek shares down 3 percent for a loss of 17 percent in a week.

  • EU pledges support for Greece as markets plunge Thursday, 16 Oct 2014 | 7:55 AM ET

    ATHENS, Greece— The European Union is promising Greece continued financial support, in the hopes of calming market turmoil triggered by concerns over the government's survival and the future of its bailout program. Jyrki Katainen, vice-president of the European Union's executive Commission, said Greece had made "immense progress" since the 240 billion euro...

  • *Getinge slumps 15 pct after trimming sales forecast. LONDON/ PARIS, Oct 16- European shares extended their recent steep losses on Thursday, with a benchmark index slipping to a 13- month low, on mounting concerns over weakness in the global economy and fears of deflation in the euro zone. "Nobody wants to sell at these levels, so this is not about investors taking the...

  • ATHENS/ FRANKFURT, Oct 16- The European Central Bank will loosen its rules on collateral quality to give Greek banks access to more funding, a Greek central bank official said, to help keep them steady following a plunge in Greek stocks and bonds. "The move was decided late on Wednesday evening after talks between the government, the ECB and Greece's central bank...

  • Borrowing costs jump for fragile euro zone states Thursday, 16 Oct 2014 | 6:58 AM ET

    *Spain misses target at auction, spreads widen. Greek government bonds were the hardest hit as a sell-off gripped financial markets for a second day, with 10- year yields rising to nearly 9 percent, while Spain missed its target at a bond auction due to weak demand from investors. This brought down borrowing costs of countries such as Greece, which was bailed out by...

  • *Concern that Germany and ECB will do too little too late. PARIS, Oct 16- After a two-year siesta, the euro zone is back in the financial markets' firing line due to stagnating growth, low inflation, budget problems in France and Italy and rising political risk in Greece, where the bloc's debt crisis began in 2009.. But four overlapping factors have rekindled anxiety...

  • MSCI's emerging equity index slipped 0.9 percent after the previous day's 1 percent fall, sparked by a Wall Street rout and flight to safe-haven bonds after disappointing U.S. data reinforced worries about the global economy. Dubai's stock market fell 2.4 percent while Abu Dhabi's index slipped 2.1 percent and Qatar slid 1.4 percent. While central Europe is...

  • LONDON, Oct 16- Global markets showed some signs of stabilisation on Thursday after their most turbulent day in four years, but worries about world growth and the end of years of U.S. stimulus kept investors in a fraught mood. "In Europe we only have final September CPI, but in the US there are initial claims, industrial production, the Philly Fed, and the NAHB housing...

  • European shares slip again as selling pressure resumes Thursday, 16 Oct 2014 | 4:38 AM ET

    PARIS, Oct 16- European shares reversed an early rebound and slipped again on Thursday morning, resuming their month-long sell-off as worries over the strength of the global economy and fears of deflation in the euro zone kept investors on edge. The index sank 3.2 percent on Wednesday, suffering its biggest one-day slide since late 2011. The slump represented a...

  • ATHENS, Oct 16- The European Central Bank has reduced the haircut it applies on bonds submitted by Greek banks as collateral to borrow funds, a Greek central bank official told Reuters on Thursday, in a move to boost their access to liquidity. "The move was decided late on Wednesday evening after talks between the government, the ECB and Greece's central bank...

  • *Greece ready to forego 12 bln euros remaining in IMF bailout. *Euro zone reluctant to remove IMF from supervising Greece. They also said Europeans were resisting a push by Athens to end borrowing from the IMF, which is unpopular in Greece and causing political problems.

  • Euro partners see Greece softening line on ending support Wednesday, 15 Oct 2014 | 1:20 PM ET

    BRUSSELS, Oct 15- Greece's partners in the euro zone believe Athens is changing its mind about giving up on their financial help next year and might ask for a credit line to replace funds from the IMF. Euro zone officials told Reuters that Greece seemed to be having second thoughts about a return to purely market funding after pressure from EU powers- and from...