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  • EU blacklists Sri Lanka over illegal fishing Monday, 26 Jan 2015 | 6:40 AM ET

    BRUSSELS— The European Union has blacklisted Sri Lanka for failing to combat illegal fishing, officially banning imports of fisheries products from Sri Lanka- flagged vessels into the EU. Officials said Monday that the decision to put Sri Lanka on the list was taken by EU fisheries ministers at their regular talks in Brussels. The EU already warned Sri Lanka...

  • EU open to Greek debt extension, not forgiveness Monday, 26 Jan 2015 | 5:46 AM ET

    BRUSSELS, Jan 26- Europe showed a willingness on Monday to give Athens more time to pay back its debts, but little sign that it would yield to a new Greek government's demands of debt forgiveness. European Union leaders and policymakers responded to Greek anti-bailout party Syriza's election victory on Sunday with warnings that a debt restructuring for Greece...

  • FRANKFURT, Germany— German business optimism rose for the third straight month in January, giving a positive signal from Europe's biggest economy as executives foresee export gains from the weaker euro. Germany's export-oriented economy should benefit from the steep drop in the euro from just under $1.40 in May to $1.13 on Monday. The drop is expected to...

  • *Historic victory sets new challenge for Europe. ATHENS, Jan 26- Greek leftwing leader Alexis Tsipras struck a deal with a right-wing party to form a government to confront international lenders and reverse years of painful austerity following a crushing election victory by his Syriza party. There is an agreement in principle, " Panos Kammenos said after talks...

  • PARIS, Jan 26- Greek stocks fell on Monday after anti-austerity party Syriza swept to victory in the polls, though this damage failed to halt a broader rally in European equities driven by the European Central Bank's bond-buying plan. Athens's ATG index was down 1.3 percent at 0922 GMT, led lower by banking stocks such as Piraeus Bank, down 9 percent, and Alpha Bank,...

  • TRIPOLI, Jan 26- Oil output from Libya, where ports and oilfields have been shut due to fighting, has fallen to 363,000 barrels a day with exports at about 200,000, the oil minister appointed by forces in control of the capital Tripoli told Reuters. Its oil minister, Mashallah Zwai, told Reuters in an interview that Libya is producing 362,780 bpd of oil, showing a...

  • France: 10 go on trial in L'Oreal heiress fraud case Monday, 26 Jan 2015 | 3:36 AM ET

    PARIS— Ten people including a famed French photographer are going on trial, accused of swindling millions of euros in cash and artwork from France's richest woman. The trial in Bordeaux is part of the complex politico-financial scandal dubbed the "Bettencourt Affair." Sarkozy's then-campaign treasurer Eric Woerth is among the 10 people going on trial in...

  • Greek leftist leader claims victory over austerity Monday, 26 Jan 2015 | 1:56 AM ET
    Supporters of the opposition radical leftist Syriza party cheer at exit poll results which indicate that Syriza have a clear lead in Athens, Greece.

    Greek leftist leader Alexis Tsipras promised on Sunday that five years of austerity, "humiliation and suffering" were over.

  • ATHENS, Jan 26- Greek leftwing leader Alexis Tsipras will move on Monday to build a stable government that can take on international lenders and reverse years of painful austerity following a crushing election victory by his Syriza party. Syriza won 149 seats in the 300- seat parliament in Sunday's election, two short of an absolute majority, but the result...

  • Belgium sees some room to discuss Greek debt program Sunday, 25 Jan 2015 | 4:37 PM ET

    BRUSSELS— Britain's Conservative Prime Minister David Cameron predicted that the election victory of Greece's radical left-wing Syriza party would create "economic uncertainty" across Europe, while left-of-center parties welcomed the results as a message that the European Union should change its economic policy. Johan Van Overtveldt said on the eve of a...

  • ATHENS, Jan 25- Greece's leftwing Syriza appeared on course to trounce the ruling conservatives in Sunday's snap election and could win the absolute majority it wants to fight international creditors' insistence on painful austerity measures. While a final result may not come for hours, 40- year-old Syriza leader Alexis Tsipras was set to become prime...

  • ATHENS, Jan 25- Greece's leftwing Syriza looked set for a comfortable victory over the ruling conservatives, an exit poll showed, with a chance of winning a full majority to face down international creditors and roll back years of painful austerity measures. If confirmed, the result would be enough to install 40- year-old Syriza leader Alexis Tsipras as prime...

  • FRANKFURT, Jan 25- Deutsche Bank will remember Thursday, Jan. 8 as the start of "Duesselgate," a nickname born not of wrongdoing, but from the shockwaves sent by a speech given in Germany's former industrial heart. "Deutsche Bank is pretty much alone in Europe with this claim," he said only weeks after the group decided to examine its business model from head to toe.

  • CIVIL NUCLEAR India and the United States struck a deal that could open the door for U.S. companies to build nuclear reactors in India by promising insurance cover to U.S. companies that had shied away from an Indian law placing liability on suppliers in case of an accident. Prime Minister Narendra Modi's assertiveness in the region has already aligned India...

  • BERLIN, Jan 25- European Transport Commissioner Violeta Bulc called for the introduction of a standardized European-wide road pricing system in comments she made to a German Sunday newspaper. She said there were many different systems in Europe at the moment and this was a burden on car drivers and an obstacle to their mobility. Germany plans to introduce a...

  • Should the euro zone really fear demon deflation? Sunday, 25 Jan 2015 | 4:00 AM ET

    *Euro zone inflation negative in Dec for first time in 5 years. BRUSSELS, Jan 25- If the multi-billion dollar consumer electronics industry can function fine with constantly falling prices, why is deflation in the broader economy such a threat? European Central Bank policymakers have repeatedly warned of the risk of being drawn into a prolonged downward price...

  • NEW DELHI, Jan 25- Signalling his determination to take relations with the United States to a higher level, Indian Prime Minister Narendra Modi broke with protocol to meet and bear-hug U.S. Obama's visit is a fresh bid to make India an enduring strategic partner and he will seek to nurture friendship with a prime minister who a year ago was persona non grata in...

  • NEW DELHI, Jan 25- In a fresh bid to make India an enduring strategic partner, U.S. President Barack Obama landed in New Delhi on Sunday for a highly symbolic visit and to nurture friendship with a prime minister who a year ago was persona non grata in Washington. The United States views India as a vast market and potential counterweight to China's assertiveness in...

  • FACTBOX-Obama and Modi aim high with India summit Saturday, 24 Jan 2015 | 2:00 PM ET

    President Barack Obama arrives in India on Sunday for the second time, to build on what he calls one of the defining relationships of the 21st Century. Prime Minister Narendra Modi's assertiveness in the region has already aligned India more with Washington, but they do not see eye-to-eye on Pakistan, and India is worried about the exit of U.S. troops from...

  • Unlikely buddies Obama and Modi aim high on India trip Saturday, 24 Jan 2015 | 1:59 PM ET

    NEW DELHI, Jan 25- In a fresh bid to make India an enduring strategic partner, U.S. President Barack Obama lands in New Delhi on Sunday for a highly symbolic parade and to nurture friendship with a prime minister who until last year was persona non grata in Washington. The United States views India as a vast market and potential counterweight to China's...