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Greece

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  • LONDON, May 20- The euro slid to a two-week low and a rally in European shares stalled on Wednesday after a Greek official said the country may not make an upcoming repayment to the International Monetary Fund. "With Greek government liquidity particularly tight and reports suggesting the IMF payment on June 5th is under question, then we expect further turmoil...

  • LONDON, May 20- Emerging market currencies and stocks fell on Monday, coming under pressure from a climbing dollar after better-than-expected U.S. housing data. South Africa's rand, the Turkish lira and the Israeli shekel weakened by as much as half a percent against the dollar. "There are a lot of cross currents for emerging markets, with the dollar and oil prices...

  • LONDON, May 20- The euro slid to a two-week low and a rally in European shares stalled on Wednesday after a Greek official said the country may not make an upcoming repayment to the International Monetary Fund. The pause in European shares mirrored the sticky performance of Asian bourses, although the Nikkei in Tokyo jumped to a 15- year high after Japan posted...

  • Can Greece reduce its Debt/GDP, while in EU?   Wednesday, 20 May 2015 | 4:20 AM ET
    Can Greece reduce its Debt/GDP, whilst in EU?

    Commerzbank has suggested that previous EM debt crises show that Greece cannot reduce its debt/GDP ratio while in the EU. Simon Quijano-Evans, head of EM research at Commerzbank, explains.

  • Greece faces June 5 default without bailout deal Wednesday, 20 May 2015 | 3:09 AM ET

    ATHENS, Greece— Greece will not be able to repay a loan to the International Monetary Fund early next month unless a deal is reached with its creditors to unblock bailout funds, the governing party's parliament spokesman said Wednesday. Greece's new government has been struggling for four months to agree on reforms that creditors require in return for the...

  • ATHENS, May 20- Greece will not be able to make a payment to the International Monetary Fund that falls due on June 5 without a deal with its international lenders, the government's parliamentary speaker said on Wednesday. Athens faces several payments totaling about 1.5 billion euros to the IMF next month and is in talks with the European Union and the...

  • TOKYO, May 20- Asian shares slipped on Wednesday after a mixed day on Wall Street, though Japan's better-than-expected economic growth lifted the Nikkei to a 15- year high. The dollar scaled a two-month high against the yen after upbeat U.S. housing data, and as the euro remained pressured by expectations that the European Central Bank would increase its...

  • ECB is concerned about spike in German bunds: Pro   Tuesday, 19 May 2015 | 9:11 PM ET
    ECB is concerned about spike in German bunds: Pro

    John Woods, MD, head of Fixed Income & Senior Portfolio Manager at Citi Investment Management, discusses news that the European Central Bank may be planning to "front-load" its current QE program.

  • *Paris- based Kepler Cheuvreux has taken measures on Greece. LONDON/ ATHENS, May 19- Greece's cash crunch has pushed several European brokers to cut back on Greek share trading or restrict approval of new positions in case Athens imposes capital controls, industry sources told Reuters. Trading sources in Athens said global banks were still routing Greek trades,...

  • US ready for a rate hike: BlackRock   Tuesday, 19 May 2015 | 12:14 PM ET
    US ready for a rate hike: BlackRock

    Rick Rieder, BlackRock CIO, discusses the potential for rising rates and gives perspective to policy in Europe.

  • BERLIN, May 19- German Finance Minister Wolfgang Schaeuble said on Tuesday that negotiations with Greece were going too slowly, according to two participants at a meeting of conservative politicians. While Schaeuble praised the Greeks for making some progress in "sub-areas", he said discussions with Athens remained slow overall and there had not yet been a...

  • WASHINGTON, May 19- The International Monetary Fund is making "some" progress in discussions with Greece over an aid agreement, but it must also consider the views of the broader international community, the head of the institution said on Tuesday. Greece and its international creditors are trying to reach a deal that would keep Athens from running out of money in...

  • A sober outlook from Brussels and Berlin contrasted sharply with vigorous optimism displayed in Athens, where top officials from the new leftist government made a series of public appearances to promise a deal was just days away. After a meeting in Berlin, the leaders of Germany and France said talks between Greece and its creditors must be accelerated to free...

  • WRAPUP 1-Faster ECB money-printing excites investors Tuesday, 19 May 2015 | 8:37 AM ET

    *Signs that Greece is inching towards deal. FRANKFURT/ BRUSSELS, May 19- The European Central Bank will accelerate the pace of money printing to buy government bonds over the next two months, one of its top officials said, while voicing concern about recent swings on bond markets. "The Eurosystem is ready to go further if necessary...," Christian Noyer, who as governor of...

  • Greece: Dissenters rev up pressure on government Tuesday, 19 May 2015 | 7:59 AM ET

    ATHENS, Greece— Three senior members of Greece's governing Syriza party late Monday urged the government to halt bailout repayments— and prepare the country for a possible euro exit. The group of dissenters, headed by the party's former chief economist John Milios, warned that Prime Minister Alexis Tsipras' four-month-old government was being pressured by...

  • *European equities boosted by ECB's Coeure comments. LONDON, May 19- European shares rose back to near multi-year highs on Tuesday after a European Central Bank policymaker said the ECB would front-load an asset purchase scheme, aimed at boosting growth in the region. Athens' stock market, which has consistently underperformed this year due to worries over...

  • TOKYO, May 19- Asian shares shrugged off early losses on Tuesday, as surging Chinese shares and Wall Street's record close offset continuing worries over Greece's fiscal woes. The cheer was expected to continue in Europe, where financial spreadbetters expected Britain's FTSE 100 to open up by 12-13 points, or 0.2 percent higher. MSCI's broadest index of...

  • Greek firms making big bucks—despite the crisis Tuesday, 19 May 2015 | 1:47 AM ET
    Blue-domed church in Santorini, Greece

    CNBC takes a look at those industries that are – just about – keeping Greece afloat.

  • Greece stuck in liquidity trap: Business leader   Tuesday, 19 May 2015 | 1:10 AM ET
    Greece stuck in liquidity trap: Business leader

    Costantine Michalos, president of the Union of Hellenic Chambers of Commerce & Industry, says the Greek finance minister is aiming for a settlement with creditors by early June because the country is running out of cash.

  • *Dollar holds firm in wake of rise in U.S. bond yields. *Euro dented by persistent worries over Greece's debt. SINGAPORE/ TOKYO, May 19- The dollar held firm on Tuesday in the wake of a rise in U.S. bond yields and as the euro came under renewed pressure on persistent worries that Greece may miss debt repayments next month.