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  • *Expected to pursue issue of debt relief for Greece. ATHENS, July 6- Euclid Tsakalotos, the mild-tempered professor who was appointed as Greece's new finance minister on Monday, is a clear change in style from his combative predecessor Yanis Varoufakis. The 55- year-old Tsakalotos studied at prestigious private London school St Paul's and at Oxford University,...

  • *Expected to pursue issue of debt relief for Greece. The 55- year-old Tsakalotos studied at prestigious private London school St Paul's and at Oxford University, speaks Greek with a British accent and rarely appears in public, let alone wearing the torso-hugging T-shirts Varoufakis favors. Like Varoufakis, Tsakalotos has often decried Europe for big...

  • AMSTERDAM, July 6- Any new emergency funding programme for Greece would have "strict conditions" similar to previous packages, even after the country rejected those terms in a referendum, Dutch Finance Minister Jeroen Dijsselbloem said in a letter to the Dtuch parliament. The letter set out the position of the Dutch government before a debate Monday night in The...

  • MANILA, Philippines— China is standing pat on its decision to reject arbitration by an international tribunal that will begin formal hearings this week to resolve a long-seething feud between Beijing and Manila over the South China Sea, the Chinese ambassador to Manila said Monday. The five-member tribunal starts hearings in The Hague on Tuesday to address...

  • Greeks mull consequences of crucial bailout referendum Saturday, 4 Jul 2015 | 12:02 AM ET

    ATHENS, Greece— Campaigns halt in Greece on Saturday on the eve of a closely watched bailout referendum— with voters in a dead heat over whether to defy creditors and push for better repayment terms or essentially seek new political leadership to find a compromise. Rival rallies took place a half-mile apart in central Athens late Friday, and Tsipras made his...

  • Correction: Greece-Bailout story Friday, 3 Jul 2015 | 9:00 AM ET

    ATHENS, Greece— In a story July 2 about the Greek referendum, The Associated Press reported erroneously that the International Monetary Fund had said Greece would need debt relief worth 50 billion euros. The IMF said Greece needs new financing worth 50 billion euros as well as debt relief. ATHENS, Greece— Costas Christoforidis hasn't decided how to vote in...

  • Malaysia wants a tribunal for Malaysia Airlines crash Thursday, 2 Jul 2015 | 8:23 PM ET

    UNITED NATIONS— Malaysia told the U.N. Security Council on Thursday that it plans to submit a resolution soon that would establish an international tribunal to prosecute those responsible for shooting down a Malaysia Airlines plane over Ukraine last year. Ambassador Gerard van Bohemen, the current council president, told reporters after Malaysia's...

  • *Warning that vote will decide Greece's future in Europe. ATHENS/ WASHINGTON, July 2- The International Monetary Fund delivered a stark warning on Thursday of the huge financial hole facing Greece as angry and uncertain voters prepare for a referendum that could decide their country's future in Europe. Days after Greece defaulted on part of its IMF debt, the Fund,...

  • AMSTERDAM, July 2- Credit insurers are refusing to offer new cover to companies carrying out trade with Greece because of uncertainty over the solvency of Greek customers hit by capital controls, a Greek importer told Reuters. Without discussing specific cases, Amsterdam- based Atradius, said it was concerned that the referendum on whether to accept bail-out...

  • MOSCOW— A draft Dutch report into last year's crash of Malaysian Airlines Flight 17 in eastern Ukraine fails to offer a comprehensive picture, a Russian aviation official said Thursday. The Dutch Safety Board has made the draft available to representatives of Malaysia, Ukraine, the U.S., Russia, Britain, Australia and the Netherlands prior to the release of the...

  • *Warning that vote will decide Greece's future in Europe. ATHENS, July 2- As Greece heads to a referendum on Sunday that could decide its future in the euro zone, long queues at cash machines have become the most potent symbol of the cost of the deadlock between the left-wing government and its international lenders. Prime Minister Alexis Tsipras' rejection of what...

  • ATHENS, Greece— The battle for Greek votes entered full swing Thursday ahead of a crucial weekend referendum that could decide whether the country falls out of the euro. Greece's rescue lenders have halted negotiations on a new financial aid program until after the vote on whether to accept reforms the creditors proposed last week in exchange for bailout...

  • DIARY- Top Economic Events to July 15 Thursday, 2 Jul 2015 | 12:00 AM ET

    LONDON- Bank of England's Andrew Gracie speaks at financial services cyber security conference- 0805 GMT. MILAN, Italy- European Central Bank President Mario Draghi to give opening remarks at T2S launch celebration- 1510 GMT. MILAN, Italy- European Central Bank Executive Board member Yves Mersch to give closing remarks at T2S launch celebration- 1700 GMT.

  • *Heathrow plan provides greatest benefits, commission says. Proposals to expand Heathrow in densely populated west London are politically divisive and likely to fuel tensions in the ruling Conservative party. Cameron set the deadline after a government-appointed commission selected Heathrow, Britain's busiest airport, as the preferred location for...

  • Red-hot fuel demand can't shore up the oil price alone Wednesday, 1 Jul 2015 | 8:48 AM ET

    LONDON, July 1- Sales of transport fuels have exceeded all expectations this year, making demand from reviving economies the mantra of bulls who say the oil price is well on the mend. But warning signs, especially in Europe, may derail that view. Gasoline consumption has bounced far higher, with U.S. drivers joining those in India, Indonesia and China in driving more...

  • *Heathrow plan provides greatest benefits, commission says. Proposals to expand Heathrow in densely-populated west London are politically divisive and likely to fuel tensions in the ruling Conservative party. After a three-year study, the Airports Commission, as expected, selected a new runway at Heathrow over two other shortlisted options, arguing that it...

  • DIARY- Top Economic Events to July 13 Tuesday, 30 Jun 2015 | 8:01 PM ET

    LONDON- Bank of England publishes financial stability report, followed by Governor Mark Carney's news conference- 0930 GMT. FRANKFURT- European Central Bank Governing Council meeting. BERLIN- European Central Bank Governing Council member Jens Weidmann and Bundesbank Vice President Claudia Buch to participate in cabinet meeting of the federal...

  • THE HAGUE, Netherlands— Eurogroup chief says' it would be crazy to extend' Greek program under current circumstances.

  • MOSCOW— Russian investigators announced Tuesday they are reopening the case of the 1998 killing of a Siberian mayor and consider former oil tycoon Mikhail Khodorkovsky a prime suspect. Khodorkovsky has lived in exile in Switzerland since his 2013 release from prison, where he spent 10 years on charges of tax evasion, embezzlement and money laundering that...

  • DIARY- Top Economic Events to July 10 Monday, 29 Jun 2015 | 8:01 PM ET

    LONDON- Reserve Bank of Australia Governor Glenn Stevens speaks at an event hosted by Official Monetary and Financial Institutions Forum- 0840 GMT. LONDON- Bank of England's Paul Fisher speaks at the Financial Times Future of Insurance event- 0840 GMT. VIENNA- European Central Bank Governing Council member Ewald Nowotny to give a keynote speech at "Raiffeisen...