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  • *Merkel wants to keep Greece in euro zone, avoid default- EU aide. BRUSSELS, April 23- German Chancellor Angela Merkel said on Thursday everything must be done to prevent Greece running out of money before it reaches a cash-for-reform deal with its international creditors amid heightened concern that Athens is nearing the brink. Their talks came a day before euro...

  • Merkel says must prevent Greece running out of cash Thursday, 23 Apr 2015 | 3:46 PM ET

    BRUSSELS, April 23- German Chancellor Angela Merkel said on Thursday that everything must be done to prevent Greece running out of money before a reform-for-cash deal is reached with its international creditors. Speaking after a private meeting which she described as "constructive" with Greek Prime Minister Alexis Tsipras on the sidelines of a European...

  • Dollar dips, euro rises, as Greek fears fade Thursday, 23 Apr 2015 | 3:23 PM ET

    The dollar fell against most other major currencies on Thursday, while the euro rose on waning fears of a Greek default.

  • PARIS, April 23- The risk that Greece would have to leave the euro if it has to accept more austerity is no bluff, Greek Finance Minister Yanis Varoufakis told a French magazine, saying that no one could predict what the consequences of such an exit would be. In a conversation with philosopher Jon Elster conducted at the end of March and published in France's...

  • ATHENS, April 23- Greek construction magnate Leonidas Bobolas told Reuters on Thursday he was upset by the way authorities had arrested him to make him pay back taxes, in a campaign by Athens to crack down on evasion. Bobolas, managing director of Greece's biggest construction firm Ellaktor and whose family also owns newspapers, was detained on suspicion of tax...

  • Why is Greece flirting with the Russians? Thursday, 23 Apr 2015 | 11:46 AM ET
    Russian President Vladimir Putin (R) and Greek Prime Minister Alexis Tsipras attend a joint press conference at the Kremlin on April 8, 2015 in Moscow, Russia.

    Is the midst of a financial meltdown, Greece seeks cash and a pipeline deal from the Russians. But any agreement will need EU approval.

  • *Merkel wants to keep Greece in euro zone, avoid default- EU aide. The leftist Greek premier met the conservative German leader before an emergency European Union summit on migration, a day before euro zone finance ministers meet in Riga to review progress-- or the lack of it-- in slow-moving negotiations between Athens and its international lenders.

  • Will Greece and Eurogroup ever agree?   Thursday, 23 Apr 2015 | 11:00 AM ET
    Will Greece and Eurogroup ever agree?

    Bob McKee, chief economist at Independent Strategy, says there's still no real agreement being reached between the Eurogroup and Greek officials, with the Eurogroup seeming pretty "cynical."

  • BRUSSELS, April 23- Greek Prime Minister Alexis Tsipras called for a speeding up of the process to conclude a reform-for-cash deal with euro zone creditors after talks with German Chancellor Angela Merkel on Thursday, a Greek official said. The official said the short meeting on the sidelines of a European Union summit in Brussels- their first since Tsipras...

  • German banks lead in foreign loans to Greeks - BIS data Thursday, 23 Apr 2015 | 10:22 AM ET

    ZURICH, April 23- German banks have the most cross-border lending exposure to borrowers in Greece, followed by U.S. and British lenders, data from the end of last year show. Of the nearly $46.8 billion owed abroad by borrowers in Greece, German banks accounted for $13.3 billion, U.S. banks $12.7 billion and British banks $12.2 billion, data compiled by the Bank for...

  • BRUSSELS/ BERLIN, April 23- German Chancellor Angela Merkel was expected to press Greek Prime Minister Alexis Tsipras on Thursday to move faster to agree detailed economic reforms crucial to unlock international bailout funds before Athens runs out of cash. The conservative German leader was due to meet the leftist Greek premier just before an emergency...

  • *Finnish group Kone also slumps. Luxury group Kering was among the worst performers after reporting sales dropped by more than expected, with rivals such as Burberry and Hugo Boss also retreating. Finnish elevator company Kone slumped 5.3 percent after warning of uncertainty in its main market, China, and posting weaker than expected profits.

  • Germany: 'Very limited expectations' of Greece deal Friday Wednesday, 22 Apr 2015 | 11:13 AM ET

    ATHENS, Greece— Chances are low that a meeting of eurozone finance ministers on Friday will produce a deal that might unblock urgently needed bailout funds for Greece, Germany said Wednesday. In return for a four-month extension of the bailout that has kept Greece afloat since 2010, Athens had pledged in February to produce a comprehensive package of reforms...

  • The complicated 'Grexit' conundrum   Wednesday, 22 Apr 2015 | 11:00 AM ET
    The complicated 'Grexit' conundrum

    What would really happen to Greece if it left the euro zone? Christian Keller, economist at Barclays, shares his thoughts on the "complicated" matter.

  • LONDON, April 22- Greek debt markets are close to fully pricing in another default and fears that Athens might leave the euro zone have reached new heights, but there is no obvious sign that investors expect a spillover to the rest of the region. The head of Eurogroup finance ministers, Jeroen Dijsselbloem, the International Monetary Fund's European head, Poul...

  • ATHENS/ BRUSSELS, April 22- Greece can scrape together enough cash to meet its payment obligations until June, euro zone and Greek officials said on Wednesday, playing down fears of an imminent default as hopes receded of a deal with its creditors to release fresh aid. Greece has received two international bailouts worth 240 billion euros since 2010 but its...

  • LONDON, April 22- Greek bond yields held around their highest levels since the country's default in 2012 on Wednesday, but deepening fears that it might leaving the euro zone had little impact on the bloc's other heavily indebted countries. Analysts drew a little comfort from the fact that yields close to 30 percent for two-year debt had at least not risen, while...

  • FOREX-Euro steadies, Aussie up after core inflation Wednesday, 22 Apr 2015 | 3:53 AM ET

    LONDON, April 22- The euro recovered some ground against the dollar on Wednesday in the absence of major developments over Greece, while the Australian dollar rose after inflation data suggested an interest rate cut was not imminent. The threat that Greece could fall out of the euro in a disagreement over the terms of financial aid from the rest of Europe has yet...

  • ATHENS, April 22- The European Central Bank will continue to fund Greek banks as long as they stay solvent and have enough collateral, Executive Board Member Benoit Coeure told a newspaper on Wednesday, dismissing talk that Athens might ditch the euro. Worries over the standoff between the leftist-led government in Athens and its creditors- the euro zone and the...

  • ATHENS, April 22- The European Central Bank will continue to provide liquidity to Greece's banks as long as they remain solvent and have sufficient collateral, ECB Executive Board Member Benoit Coeure told Greek newspaper Kathimerini on Wednesday in an interview. He said imposing capital controls was "not a working assumption" for the ECB, while speculation...