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  • PARIS, Feb 1- Greece's new government on Sunday offered to produce proposals within a month for a revised debt agreement with its sceptical international partners, insisting it would not take on any more loan tranches in the meantime. Varoufakis, in Paris as part of a diplomatic offensive by Greece's leftist leaders to win changes to terms on debt as they roll...

  • ATHENS, Feb 1- Greece's leftist government on Sunday began its drive to persuade a sceptical Europe to accept a new debt agreement while it starts to roll back on austerity measures imposed under its existing bailout agreement. After a turbulent first week in office, the new government has made clear it wants to end the existing arrangement with the European...

  • PARIS— France's Socialist government offered support Sunday for Greece's efforts to renegotiate debt for its huge bailout plan, amid renewed fears about Europe's economic stability. Varoufakis insisted that Greece wants to pay the money back, but said he wants new terms and new negotiating partners, arguing that it's not worth discussing with the...

  • DUBAI, Feb 1- Large global sugar stocks built up during years of oversupply are finally beginning to shrink as low prices curb production and consumption edges higher but the industry's outlook remains challenging, participants at a major conference said on Sunday. The outlook for sugar refiners remains difficult, however, with the premium for refined over...

  • In fewer than seven days, Prime Minister Alexis Tsipras's administration in Athens has halted several planned privatisations, started debt relief talks, took European partners to task over Russian sanctions and held a tough line with the first euro zone official to visit the country after last Sunday's elections. Athens finally ended the week on a...

  • In fewer than seven days, the new administration in Athens has halted several planned privatisations, started talks with European partners over debt forgiveness and held a tough line with the first euro zone official to visit the country after last Sunday's elections. Athens has also taken European partners to task over sanctions against Russia.

  • Greece asks Lazard to help sort out debt impasse Saturday, 31 Jan 2015 | 4:54 PM ET
    Supporters of opposition leader and head of radical leftist Syriza party Alexis Tsipras cheer at exit poll results in Athens, January 25, 2015.

    The Greek government has hired investment bank Lazard, a sign that Syriza is serious about restructuring its debt pile.

  • *Meetings in Paris, London, Rome planned. ATHENS, Jan 31- New Greek Prime Minister Alexis Tsipras, striking a conciliatory note on debt talks after a turbulent start to office, has called the European Central Bank chief to assure him that Athens was seeking an agreement. But facing growing disquiet from partners led by Germany, Tsipras rang European Central Bank...

  • Greek leader tamps down rhetoric, vows to pay off debts Saturday, 31 Jan 2015 | 1:06 PM ET

    ATHENS, Greece— A day after Greece appeared on a collision course with its creditors, new radical left Prime Minister Alexis Tsipras has tamped down the rhetoric by vowing to pay off debts and not act unilaterally. He also pledged to pay back Greece's debt to the European Central Bank and the International Monetary Fund, which, along with the European Commission,...

  • Italy's lawmakers elect Sergio Mattarella as president Saturday, 31 Jan 2015 | 5:29 AM ET

    ROME— Sergio Mattarella, a Constitutional Court justice widely considered to be above the political fray, was elected Saturday as Italy's president in the third day of balloting by lawmakers. He quickly set as priorities attention to his country's moribund economy and the need for unity in Europe's fight against a "new season of terror." Italy is mired in...

  • DIARY- Top Economic Events to Feb 12 Friday, 30 Jan 2015 | 7:01 PM ET

    SARASOTA, United States- Federal Reserve Bank of Atlanta Executive Vice President David Altig and Federal Reserve Bank of Dallas Senior Vice President Mine Yucel participate in "The Economic Outlook, Monetary Policy and Energy: Thoughts from Federal Reserve Research Directors" event hosted by the New College of Florida and the Global Interdependence...

  • Jan 30- Shares of Shake Shack Inc more than doubled on Friday, putting a nearly $2 billion price tag on the small cult hamburger chain, in a huge bet that its growth can match top performers in the crowded "fast-casual" dining space. Other hot restaurant debuts have been followed by stock swoons, including Noodles& Co and sandwich maker Potbelly Corp.

  • *OPEC increases January output to 30.37 bpd- survey. The late-session surge was primed by Baker Hughes data showing the number of rigs drilling for oil in the United States fell by 94- or 7 percent- this week. Brent settled up $3.86 at $52.99 a barrel, after running to as high as $53.08.

  • In a rally that may spur speculation that a seven-month price collapse has ended, global benchmark Brent crude shot up to more than $53, its highest in more than three weeks, after Baker Hughes data showed the number of rigs drilling for oil in the United States fell by 94- or 7 percent- this week. Some "short covering was expected and the rig count number sparked the...

  • Business events scheduled for the coming month Friday, 30 Jan 2015 | 1:35 PM ET

    WASHINGTON— Commerce Department releases personal income and spending for December, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for January, 10 a.m.; Commerce Department releases construction spending for December, 10 a.m.. WASHINGTON— Commerce Department releases factory orders for December, 10 a.m.. TOKYO— Panasonic...

  • Business events scheduled for the coming week Friday, 30 Jan 2015 | 1:33 PM ET

    WASHINGTON— Commerce Department releases personal income and spending for December, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for January, 10 a.m.; Commerce Department releases construction spending for December, 10 a.m.. WASHINGTON— Commerce Department releases factory orders for December, 10 a.m.. TOKYO— Panasonic...

  • LONDON, Jan 30- Mark Carney watches over the world's sixth-biggest economy as governor of the Bank of England and heads a global banking watchdog, but somehow still finds time to train for a marathon. Carney, 49, will participate in the London Marathon in April to raise money for a cancer research charity, a BoE spokesman said on Friday, confirming a media report.

  • ATHENS, Jan 30- The new leftwing government in Athens opened negotiations on its bailout package with European partners on Friday by flatly rejecting the expected extension of the programme and the international inspectors overseeing it. But the hour-long meeting appeared to do nothing to bridge the gap between Prime Minister Alexis Tsipras' government...

  • NEW YORK, Jan 30- The dollar edged higher on Friday and was on track to end January with gains of more than 5 percent, while stock indexes around the world fell as data showed U.S. growth slowed sharply in the fourth quarter. The headline number was "well below consensus expectations and that is definitely one of the data points that many bulls were looking for to...

  • LONDON/ ATHENS, Jan 30- While Greece's new leftist government seems set on a collision course with the European Union, it is likely to steer clear of confronting the country's critical shipping industry. The Syriza party of Prime Minister Alexis Tsipras, which swept to power last Sunday, once promised to take on shipowners and their generous tax allowances.