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Ebrahim Rahbari, director of global economics at Citi Research, who coined the "Grexit" term, asks if the risks of Greece exiting the euro have really receded.
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BRUSSELS, May 18- Critics ridiculed European Union bureaucrats on Saturday for taking time off fighting the euro zone's debt crisis to impose strict new rules on how restaurants serve olive oil. "If the European Union was logical and properly run, people wouldn't be so anti- Europe.
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Olli Rehn, the European Union's top economic policy maker and scourge of debt-fueled budget deficits, is fed up with austerity.
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Italy sold 6 billion euros worth of 30- year bonds on Wednesday, its first ultra-long debt sale since 2009. On Tuesday, Spain sold a greater-than-expected 7 billion euros of 10- year bonds. Portugal and Slovenia also issued bonds via syndication deals earlier this month.
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LONDON, May 16- A wave of investor demand that has allowed Deutsche Bank and two other lenders to raise six billion euros in new share capital in the past month is unlikely to prompt other European banks to go to their shareholders for more cash.
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LONDON, May 16- Italian and Spanish bond yields dipped on Thursday and were seen dropping further as supply pressure eased after the two countries sold large amounts of debt in syndicated deals earlier this week.
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*Banca Monte dei Paschi di Siena jumps after results. Banking stocks were among the biggest gainers, with Italy's Banca Monte dei Paschi di Siena jumping 8 percent after posting a smaller-than-expected quarterly loss and confirming its intention to pay a coupon on state loans in cash, sparking hopes of a turnaround for the lender.
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*Germany returns to anaemic growth; France shrinks. BRUSSELS/ BERLIN, May 15- Germany's economy crept back into growth at the start of the year but not by enough to stop the euro zone from contracting for a sixth straight quarter, and France slid into recession.
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*Gold drops to lowest since April 23. *Gold's target of $1,395 resumed- technicals. Gold was down $15.8 at $1,409.59 an ounce by 0814 GMT, after swinging between a high of $1,430.24 and the three-week low of $1,408.24.
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Ebrahim Rahbari, director of global economics at Citi Research, who coined the "Grexit" term, asks if the risks of Greece exiting the euro have really receded.
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*Gold buying in India muted after new restrictions. *Gold's target of $1,395 resumed- technicals. SINGAPORE, May 15- Gold inched up on Wednesday after dropping for four straight sessions, as outflows from exchange-traded funds halted, but firm equities could lure away investors seeking better returns and keep a lid on bullion's gains.
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May 15- Gold inched up on Wednesday to snap four sessions of decline as the U.S. dollar eased and selling by exchange-traded funds halted, but strong share prices looked set to cap gains. *Gold had climbed 0.11 percent to $1,426.96 an ounce by 0014 GMT.
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RIO DE JANEIRO, May 14- Brazil's first auction for oil and gas rights in five years attracted a record amount of money on Tuesday, alleviating fears that government intervention and growth in new global supplies might dampen enthusiasm for the country's oil sector.
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RIO DE JANEIRO, May 14- Global energy companies were strong bidders on Tuesday at Brazil's first auction for oil and natural gas rights in five years, alleviating fears that government intervention and growth in new global supplies might crimp enthusiasm for the South American country's oil sector.
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RIO DE JANEIRO, May 14- Global energy companies showed strong interest early on Tuesday at Brazil's first auction for oil and natural gas rights in five years, alleviating fears that government intervention and growth in new global supplies might crimp enthusiasm over the South American country's oil sector.
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RIO DE JANEIRO, May 14- Brazil on Tuesday kicked off its first auction for oil and natural gas rights in five years, gauging whether government intervention and growth in new global supplies have crimped the interest that followed discoveries of huge offshore reserves in 2007..
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LISBON, Portugal-- A leading international economic body says Portugal must push ahead with changes to pension entitlements, even though the planned reforms are threatening to tear apart the coalition government and will likely trigger a spate of legal challenges.
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LONDON, May 14- A pause in the dollar's recent run helped steady oil and gold prices on Tuesday, while large demand for Spanish bonds helped the euro shake off weaker-than-forecast German sentiment data.
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BRUSSELS, May 13- Cyprus and Malta have a lot in common: Mediterranean islands enjoying 10 months of sunshine a year, they joined the European Union in 2004, use the euro and have banking sectors that dwarf their economies.
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OTHER MATTERS: The ministers from the 17 countries using the euro currency are also discussing the outlook for Portugal, Greece and Cyprus, which have already received emergency loan programs and must meet tough conditions in return.
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Italy sold 8 billion euros of three- and 13- year bonds, with borrowing costs for the short-dated paper at their lowest since January and demand levels holding firm.