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  • Pressure rises on Greece as savers drain bank deposits Thursday, 26 Mar 2015 | 11:25 AM ET

    The central bank of Greece said Thursday that private and business deposits dropped to 140.5 billion euros by the end of February. Some feared the clash could push Greece to bankruptcy and even cause it to fall out of the euro, a move that would devastate the country's financial system in the short term. Greece has its back against a wall as it badly needs money— it...

  • LONDON, March 26- Investors took refuge in German bonds on Thursday after Saudi Arabia launched air strikes in Yemen but analysts said a further fall in yields was capped by the prospect of an inflation-boosting oil price rise. Saudi Arabia and Gulf region allies launched military operations in Yemen on Thursday, officials said, to counter Iran- allied forces...

  • ATHENS, March 26- Greece is optimistic about reaching a deal on economic reforms with its euro zone peers early next week, unblocking urgently needed funding, its economy minister said on Thursday. After talks with EU leaders including German Chancellor Angela Merkel in the past week, Athens said it would present a package of reforms to its euro zone partners by...

  • BRUSSELS/ ATHENS, March 25- Greece failed in a bid on Wednesday to secure a quick cash payment from the euro zone rescue fund to help stave off potential bankruptcy next month, raising pressure on Athens to deliver a convincing reform program within days. Athens had appealed for the European Financial Stability Facility to return 1.2 billion euros it said it had...

  • Warren Buffett uses 'Civil War' analogy on the euro Wednesday, 25 Mar 2015 | 11:21 AM ET
    Warren Buffett

    Billionaire investor Warren Buffett tells CNBC the "odds are good" the euro will continue to exist, but it may need modifications.

  • ATHENS, March 25- The European Central Bank raised the cap on emergency liquidity assistance that Greek banks can draw from the country's central bank to above 71 billion euros from 69.8 billion previously, a banking source told Reuters on Wednesday. "The ELA ceiling was increased to slightly above 71 billion euros," the source said. The ECB has raised the cap in...

  • Ukraine bondholders face haircuts and extensions Wednesday, 25 Mar 2015 | 9:50 AM ET

    But Ukraine, as the country's finance minister points out, lacks the wealthy, albeit grudging euro zone backers that Athens has, and its $40 billion bailout is modest compared with the 240 billion euro Greek rescue. Creditors are preparing for battle, not least Russia, which is locked in conflict with Ukraine and holds $3 billion worth of the bonds.

  • Germanwings pilot locked out of cockpit before crash Wednesday, 25 Mar 2015 | 8:00 AM ET
    A black box from the Germanwings crash in this photo released March 25, 2015 by the BEA, France's Bureau d'Enquetes et d'Analyses (Air Accident Investigator).

    Evidence from a cockpit voice recorder indicated one pilot left the cockpit of the Germanwings flight and was unable to get back in before the plane crashed.

  • Time to worry about Greece?   Tuesday, 24 Mar 2015 | 6:00 PM ET
    Time to worry about Greece?

    Larry McDonald of Societe Generale and Stacey Gilbert of Susquehanna discuss what¿s next in the ongoing Greek drama--and what it could mean for markets.

  • Time to worry about Greece?   Tuesday, 24 Mar 2015 | 5:44 PM ET
    Time to worry about Greece?

    Larry McDonald of Societe Generale and Stacey Gilbert of Susquehanna discuss what's next in the ongoing Greek drama--and what it could mean for markets.

  • LONDON, March 24- European shares climbed higher to end just below a recent 7-1/ 2- year high on Tuesday, with forecast-beating business surveys from Germany and France offsetting poor Chinese factory data. Equities recovered from early falls as purchasing managers' surveys showed Germany's private sector grew in March at its strongest rate since July and...

  • Greece's ''rocky road': 10-20% chance of Grexit   Tuesday, 24 Mar 2015 | 12:30 PM ET
    Greece's ''rocky road': 10-20% chance of Grexit

    When talking about European equities, James Purcell, Cross Asset Strategist at UBS, says that while "Greece is an annoying problem," it can be solved, adding that there's a 10 to 20 percent chance of a "Grexit."

  • *Bailout fund to consider returning 1.2 bln euros to Greece. ATHENS/ BERLIN, March 24- Greece risks running out of cash by April 20 unless it secures fresh aid, a source familiar with the matter told Reuters on Tuesday, leaving little time to convince sceptical creditors it is committed to economic reform. After talks with EU leaders including German Chancellor...

  • ATHENS, Greece— A special court acquitted Greece's former finance minister George Papaconstantinou of felony charges of breach of faith and doctoring a document Tuesday in a case concerning Greeks with bank accounts in Geneva, and found him guilty of a lesser misdemeanor charge. He had faced a possible sentence of 10 years to life imprisonment over the felony...

  • *Lufthansa, Airbus down after plane crash. LONDON, March 24- European shares edged up on Tuesday to hover just below a recent 7-1/ 2- year high, with forecast-beating business surveys from Germany and France offsetting disappointing Chinese factory data. However, Lufthansa and Airbus were down 1.9 percent and 0.9 percent respectively after an Airbus operated by...

  • Greece cash will run out April 20 if...: Report Tuesday, 24 Mar 2015 | 10:38 AM ET
    Greece debt crisis

    Greece will run out of money by April 20 unless it receives fresh aid from creditors, a source familiar with the matter told Reuters on Tuesday.

  • Athens is scrambling to send a list of planned reforms to its European lenders in the coming days in the hope of unlocking fresh aid and averting bankruptcy. Specifically, Athens is hoping that if euro zone finance ministers approve the country's latest reforms list then that would allow for the return of about 1.9 billion euros in profits made by the European...

  • ATHENS, Greece— Court: Greek ex-finance minister Papaconstantinou guilty of misdemeanor in Swiss bank case.

  • ATHENS, March 24- Greece said it will present a package of reforms to its euro zone partners by next Monday in hope of unlocking aid to help it deal with a cash crunch and avoid default. Greece's left-wing government and its euro zone creditors agreed last week that Athens would come up with a list of its own reforms, which must achieve a similar budget impact to...

  • BERLIN— Greek Prime Minister Alexis Tsipras is in Germany for a second day following lengthy meetings with Chancellor Angela Merkel where both leaders sought to mend fences and looked for ways to help Athens reach a deal with bailout creditors. The two played down differences at a press conference Monday after a one-hour meeting that took place following a...