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  • 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,...

  • Germany, ECB play hard ball with Greece Saturday, 31 Jan 2015 | 9:01 AM ET

    *Merkel rejects a further debt haircut for Greece. BERLIN/ HELSINKI, Jan 31- German Chancellor Angela Merkel ruled out a debt writedown for Greece on Saturday, and a European Central Bank policymaker threatened to cut off funding to Greek banks if Athens does not agree to renew its bailout package. Alexis Tsipras has also promised to renegotiate agreements with...

  • SINGAPORE/ JAKARTA/ PARIS, Jan 31- The captain of the AirAsia jet that crashed into the sea in December was out of his seat conducting an unusual procedure when his co-pilot apparently lost control, and by the time he returned it was too late to save the plane, two people familiar with the investigation said. The Airbus A320 jet plunged into the Java Sea while en route...

  • PARIS/ ATHENS, Jan 31- Greek finance minister Yanis Varoufakis will meet with his French counterpart Michel Sapin in Paris on Sunday, the French finance ministry said on Saturday. Late on Friday, a source close to the French president's office told Reuters that President Francois Hollande and German Chancellor Angela Merkel "agreed that it is important to...

  • PARIS/ ATHENS, Jan 31- Greek finance minister Yanis Varoufakis will meet with his French counterpart Michel Sapin in Paris on Sunday, the French finance ministry said on Saturday. The meeting will take place at 5 p.m. local time on Sunday and the two ministers will make a joint statement to media at 6.30 p.m., the ministry said in a statement. No one at the Greek finance...

  • AirAsia captain left seat before jet lost control Saturday, 31 Jan 2015 | 12:16 AM ET
    Indonesian officers move the flight data recorder of the AirAsia flight QZ8501

    The captain of the AirAsia jet that crashed into the sea in December was out of his seat conducting an unorthodox procedure when his co-pilot apparently lost control.

  • SINGAPORE/ JAKARTA/ PARIS, Jan 31- The captain of the AirAsia jet that crashed into the sea in December was out of his seat conducting an unorthodox procedure when his co-pilot apparently lost control, and by the time he returned it was too late to save the plane, two people familiar with the investigation said. The Airbus A320 jet plunged into the Java Sea while en...

  • 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...

  • The Rhode Island Airport Corp. announced Friday that TACV Cabo Verde Airlines will start year-round service from the Warwick airport to the Cape Verde Islands beginning June 2. Gina Raimondo said the new service to the Cape Verde Islands makes sense because Rhode Island has a large, thriving Cape Verdean community. Cape Verde is an archipelago in the Atlantic...

  • 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...

  • BERLIN, Jan 30- Germany's Finance Ministry denied on Friday a media report that Berlin would be ready to discuss a new aid package for Greece of up to 20 billion euros if the new leftist Greek Prime Minister Alexis Tsipras accepted supervised economic reforms. The report in Der Spiegel magazine that Germany estimated Greece's additional aid needs at about 20...

  • BERLIN, Jan 30- Germany's Finance Ministry denied on Friday a media report that Berlin would be ready to discuss a new aid package for Greece of up to 20 billion euros if the new leftist Greek Prime Minister Alexis Tsipras accepted supervised economic reforms. "That is not on the agenda at all," said a spokesman for Finance Minister Wolfgang Schaeuble.

  • BERLIN— German automaker BMW says it has fixed a security flaw that made 2.2 million of its vehicles vulnerable to break-ins. The company says the problem affected BMW, Mini and Rolls Royce models equipped with its ConnectedDrive technology, which allows drivers to access certain car functions with a smartphone. BMW spokeswoman Silke Brigl said Friday that...

  • 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...

  • VIENNA, Jan 30- The United States looks set to succeed in watering down a proposal for tougher legal standards aimed at boosting global nuclear safety, according to senior diplomats. Diplomatic wrangling will come to a head at a 77- nation meeting in Vienna next month that threatens to expose divisions over required safety standards and the cost of meeting them,...

  • LONDON, Jan 30- The European Central Bank's quantitative easing programme may prove to be major central banks' last salvo in their post-crisis battle to revive growth, heal the financial system and kill off the threat of deflation. Germany's benchmark 10- year yield fell 140 basis points last year, Italy's 220 bps and Spain's 240 bps, all to record lows.

  • "I believe there are no problematic areas in the issue of bilateral cooperation between Germany and Hungary," Orban said Friday on state radio. The relationship with Germany is key to Budapest: Germany is by far Hungary's largest trading partner, accounting for around 25 percent of its foreign trade. For its part, Germany has considered Hungary an important...