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  • *Investors hope for eventual deal on Greece. TOKYO, July 7- Most Asian stocks drooped on Tuesday as Chinese equity markets went into a fresh tailspin, fraying investor nerves already strained by uncertainty hanging over the future of Greece and the European currency union. Japan's Nikkei rose 1.4 percent after a sharp fall on Monday while European shares were...

  • *Investors hope for eventual deal on Greece. *China share market losses raise concerns for Asia. Japan's Nikkei rose 1.2 percent while MSCI's broadest index of Asia-Pacific shares outside Japan, which fell to six-month low on Monday, was up 0.2 percent.

  • SYDNEY- Reserve Bank of Australia holds interest rate meeting- 0430 GMT. PARIS- Bank of France Governor Christian Noyer is due to speak about EU capital markets union at a financial sector conference- 0700 GMT. FRANKFURT- German's Bundesbank Board member Joachim Nagel to speak on "Asset Management of Public Pension Funds"- 1400 GMT.

  • MUNICH/ FRANKFURT, July 6- German broadcaster ProSiebenSat.1 and German publishing house Axel Springer have reignited talks for a merger, seeking to consolidate their push into digital media, two sources familiar with the matter said on Monday. Axel Springer, the publisher of Europe's best-selling tabloid Bild, and ProSieben, broadcaster of mass-market hits...

  • PARIS/ ATHENS, July 6- France and Germany told Greece on Monday to come up with serious proposals in order to restart financial aid talks, a day after Greeks voted overwhelmingly to reject more austerity. German Chancellor Angela Merkel and French President Francois Hollande, the euro zone's most powerful leaders, said Athens must move quickly if it wants to...

  • MUNICH, July 6- German commercial broadcaster ProSiebenSat.1 and German publishing house Axel Springer are in early-stage merger talks, a source familiar with the matter said on Monday. Both Axel Springer, the publisher of Europe's best-selling tabloid Bild, and ProSieben are in a race to adapt to rapidly changing markets. Meanwhile, Springer is moving away...

  • MUNICH, July 6- German broadcaster ProSiebenSat.1 and German publishing house Axel Springer are in early-stage merger talks, a source familiar with the matter said on Monday. The news of the merger talks was first reported by the Wall Street Journal. ProSieben declined to comment while Axel Springer was not immediately available for comment on Monday evening.

  • *Decision keeps pressure on Athens. FRANKFURT/ ATHENS, July 6- The European Central Bank kept a tight funding grip on Greece's banks on Monday in a move that will see the country's shuttered lenders run out of cash soon. The measure ensures that Greek banks must stay closed for the time being and keeps pressure on Prime Minister Alexis Tsipras a day ahead of a meeting...

  • NEW YORK, July 6- Oil prices suffered their biggest selloff in five months on Monday, falling as much as 8 percent as Greece's rejection of debt bailout terms and China's stock market woes set off a deepening spiral of losses. Adding to the pressure on oil, Iran and global powers were trying to meet a July 7 deadline on a nuclear deal, which could bring more supply to the...

  • PARIS/ ATHENS, July 6- France and Germany told Greece to come up with serious proposals in order to restart financial aid talks, raising pressure on Prime Minister Alexis Tsipras to compromise a day after his country voted overwhelmingly against more austerity. After a meeting in Paris, German Chancellor Angela Merkel and French President Francois Hollande...

  • *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,...

  • ATHENS/ FRANKFURT- Greece's combative finance minister resigns, removing one major obstacle to any deal to keep Athens in the euro zone after Greeks voted resoundingly to back the government in rejecting the austerity terms of a bailout. -EUROZONE- GREECE/ GERMANY, moved, by Paul Carrel, 640 words. -MARKETS- GREECE/ VOTE REACTION, moved, by Jamie McGeever, 800 words.

  • CHICAGO, July 6- U.S. corn and soybean futures dropped on Monday as lighter-than-expected U.S. rainfall eased fears about soggy Midwest crops while worries over Greece and China led investors to shun many commodity markets. Corn prices pulled back from 2015 highs notched last week after heavy Midwest rains raised crop concerns and following a...

  • MOSCOW— In a story July 1 about Gazprom halting gas supplies to Ukraine, The Associated Press reported erroneously that Russia offered Ukraine a price of $247 per cubic meter. Russia halts gas supply to Ukraine after collapse of price talks; says Europe won't be hurt. The latest energy dispute comes as Russian support to separatist rebels in eastern Ukraine has...

  • PARIS, July 6- Leaders of France and Germany told Greece's government the door for negotiations with creditors remained open but urged it to make credible proposals at a euro zone summit to reach a cash-for-reform deal and so avoid a euro zone exit. "It's now up to the government of Alexis Tsipras to offer serious, credible proposals so that this will can be turned...

  • PARIS, July 6- Leaders of France and Germany told Greece's government on Monday the door for negotiations with creditors remained open but urged it to make quick proposals to reach a cash-for-reform deal. Merkel said the conditions for a discussion on a program involving the European Union's bailout fund were not present and urged Greece to put proposals on...

  • *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...

  • NEW YORK, July 6- Oil prices tumbled their most in three months on Monday, with U.S. crude falling 6 percent, after Greece's rejection of debt bailout terms and China's rolling out of emergency measures to support its stock markets shook global markets. Adding to the pressure on oil, Iran and global powers were trying to meet a July 7 deadline on a nuclear deal, which...

  • VIENNA, July 6- Iran's elite Revolutionary Guards have done very well out of international sanctions-- and if a nuclear deal is done in Vienna this week under which those sanctions are lifted, they are likely to do better still. The Revolutionary Guards Corps, created by Ayatollah Ruhollah Khomeini during Iran's 1979 Islamic Revolution, is more than just a...

  • *Oil sinks 5 percent on worries over Greece, China, Iran. SAN FRANCISCO, July 6- Equity markets around the world fell on Monday and U.S. oil prices slumped 5 percent after Greece overwhelmingly voted against conditions for a rescue package and on unprecedented measures in China to staunch massive recent losses in its stock markets. Wall Street trimmed earlier...