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  • European shares stumble on Spanish and Greek worries Tuesday, 26 May 2015 | 12:28 PM ET

    *Ryanair shares rise after airline's profits surge. LONDON, May 26- European stock markets stumbled on Tuesday as Greece's debt problems and a battering for Spain's government in local elections offset a rise in airline shares. Irish airline Ryanair surged 5.4 percent after posting higher profits.

  • *Spain, Portugal bonds hit by Rajoy defeat in local vote. The fallout in financial markets was limited in part by the European Central Bank's ongoing asset purchase scheme, but it did rattle nerves about neighboring Portugal where there are also signs of growing public discontent with austerity. 3/ 8. Investors have already shut the door on Greece, which voted in...

  • ATHENS/ BRUSSELS, May 26- Greece and its Europeans creditors on Tuesday sought to play down fears that Athens would default on a payment to the International Monetary Fund next week. Running short of cash to pay public sector salaries, pensions and debt obligations, senior members of Prime Minister Alexis Tsipras's government have said openly that Greece does...

  • Why we need a Greece agreement by June   Tuesday, 26 May 2015 | 11:00 AM ET
    Why we need a Greece agreement by June

    Thanos Vamvakidis, head of European G-10 FX strategy at BofA Merrill Lynch, talks about Greece's debt deadlines.

  • BRUSSELS, May 26- Cash-strapped Greece could avoid paying back the IMF on June 5 without defaulting if it lumps together all IMF repayments due in June and pays them at the end of the month, officials said on Tuesday. Greece has to repay the International Monetary Fund 300 million euros on June 5, the first of four installments due in June that total 1.6 billion euros.

  • El-Erian: Greece 'accident' 55% to 60% probability Tuesday, 26 May 2015 | 9:51 AM ET
    Mohamed El-Erian

    There's an ever-increasing probability of a financial "accident" involving debt-strapped Greece, Mohamed El-Erian tells CNBC.

  • Greece might sidestep June 5 IMF payment deadline Tuesday, 26 May 2015 | 9:18 AM ET

    BRUSSELS, May 26- Cash-strapped Greece could avoid paying back the IMF on June 5 and win more time to negotiate a funding deal without defaulting if it lumps together all IMF repayments due in June and pays them at the end of the month, officials said on Tuesday. Greece has to repay the International Monetary Fund 300 million euros on June 5, the first of four...

  • StealthGas misses 1Q profit forecasts Tuesday, 26 May 2015 | 9:15 AM ET

    ATHENS, Greece _ StealthGas Inc. on Tuesday reported first-quarter net income of $5.8 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share. StealthGas shares have risen 4 percent since the beginning of the year.

  • EU COULD ACCEPT 1.0-1.5 PCT/ GDP GREEK PRIMARY SURPLUS, BUT ATHENS WOULD NEED TO TAKE MORE FISCAL STEPS TO REACH IT- OFFICIAL.

  • Greece mulls levy on undeclared deposits to raise cash Tuesday, 26 May 2015 | 8:33 AM ET

    ATHENS, Greece— Greece is proposing to legalize tax-dodgers' undeclared money for a fee, a way to raise money as the country tries to reach a deal with creditors to get more bailout money and avoid default. The new, radical left-led government in Athens says that without the money it can't make a debt payment to the International Monetary Fund on June 5.

  • *Spain, Portugal bonds hit by Rajoy defeat in local vote. A battering in Sunday regional and local elections cast doubt on Prime Minister Mariano Rajoy's bet that an economic recovery will secure him a second term later this year and raised concerns in Portugal about the outcome. Portugal has been celebrated among Europe's elite as a model of how to reform an...

  • Spanish and Greek concerns peg back European shares Tuesday, 26 May 2015 | 6:45 AM ET

    *Ryanair's shares rise after airline's profits surge. LONDON, May 26- European stock markets stumbled on Tuesday, as Greece's debt problems and a battering for Spain's government in local elections offset a rise in airline shares. Irish airline Ryanair surged 6.3 percent after posting higher profits.

  • Global markets update: Greece in focus   Tuesday, 26 May 2015 | 6:10 AM ET
    Global markets update: Greece in focus

    CNBC's Joe Kernen reports on all the market moving events from Europe.

  • BERLIN/ BRUSSELS, May 26- A senior German official said on Tuesday there was no reason to believe Greece would be in default after a 300 million euro payment to the IMF falls due on June 5. Separately, euro zone officials said deputy finance ministers would hold a teleconference on Thursday to follow up on days of negotiations between representatives of Greece and...

  • Sterling hits 2-1/2 month high against a weaker euro Tuesday, 26 May 2015 | 4:41 AM ET

    LONDON, May 26- Sterling rose to a 2-1/ 2 month high against a struggling euro on Tuesday, with the single currency weighed down by Greece's debt problems and interest rate differentials moving in favour of the British pound. The euro has been hit in recent days by a senior European Central Bank official flagging the possibility of aggressive bond buying and...

  • Greece is an issue, not a game-changer   Tuesday, 26 May 2015 | 4:00 AM ET
    Greece is an issue, not a game-changer

    David Owen, chief European economist at Jefferies International, explains why investors are more interested in the European Central bank's bond-buying program than Greece.

  • TOKYO, May 26- Asian shares turned higher on Tuesday, reversing earlier losses on the back of gains in Hong Kong and China, while the dollar extended highs scaled in holiday-thinned trading in the previous session. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 percent, after eking out a late gain in the previous session.

  • MELBOURNE, May 26- London copper on Tuesday climbed away from three-week lows tipped the session before, as markets resumed after a long weekend buoyed as comments from a Fed official soothed concerns about an imminent start to a higher U.S. rate cycle. *The most-traded July copper contract on the Shanghai Futures Exchange advanced 1 percent to 45,060 yuan a...

  • GLOBAL MARKETS-Asian shares slip, dollar stands tall Monday, 25 May 2015 | 8:28 PM ET

    *Monday's holiday in U.S., UK, much of Europe kept trading thin. TOKYO, May 26- Asian shares fell in early trading on Tuesday, while the dollar held near highs scaled in holiday-thinned trading in the previous session. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.2 percent in early trade, after eking out a late gain in the previous session.

  • Time running out for Greece, ESM head Regling says Monday, 25 May 2015 | 6:32 PM ET

    BERLIN, May 26- Time is running out for Greece to reach an agreement on reforms with lenders and there will be no further funds for Athens without it, the head of the European Stability Mechanism Klaus Regling told Germany's Bild newspaper on Tuesday. Without an agreement with the creditors, Greece will not get any new loans. That is also the case now and that's the...