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  • LONDON, May 28- Relative calm on global markets during the latest Greek debt standoff more closely reflects the low probability assigned to a euro exit than how contained such a shock could be. As Greece has returned to the precipice of another default and the outsize chance of Grexit- Greece being forced out of the euro zone- world markets have barely flinched.

  • *U.S. presses Europe, IMF to show flexibility on Greece. DRESDEN, Germany, May 28- Finance chiefs from the Group of Seven economic powers met on Thursday to discuss how to revive a faltering global recovery, with the United States leaning on Europe to reach a deal to avert a Greek bankruptcy. Speaking before meeting the Group of Seven finance chiefs, International...

  • BRUSSELS, May 28- Confidence in the euro zone's economy stabilised in May after a strong start to the year, held back from further gains by pessimism among households, who also expect rising prices in a sign of the retreating threat of deflation. Arguably most positive for the European Central Bank, which launched a money-printing programme this year, the...

  • No change in Greek debt talks after another day of spin Thursday, 28 May 2015 | 4:46 AM ET

    BRUSSELS, May 28- The euro leapt, Greek bond yields fell, global financial markets brightened, but nothing actually changed in another day of conflicting statements on Greece's long-running debt talks with international creditors. When the meeting with representatives of the International Monetary Fund, European Central Bank and European Commission...

  • LONDON, May 28- Oil prices recovered on Thursday after a two-day slide as the dollar weakened, making fuel less expensive for holders of other currencies. "Much depends on the U.S. dollar," said Carsten Fritsch, senior oil and commodities analyst at Commerzbank in Frankfurt. Front-month Brent was up 65 cents at $62.71 a barrel by 0815 GMT.

  • HONG KONG, May 28- China this week pushed ahead efforts to link its domestic markets with global peers by launching a joint venture in Germany to provide a wide range of yuan-denominated products to European investors. Deutsche Boerse agreed to set up a venture with the Shanghai Stock Exchange and China Financial Future Exchange to develop Chinese shares and...

  • FRANKFURT, May 28- A European Central Bank policymaker played down the prospects for an immediate loosening of funding for cash-strapped Greece, saying that when it came to accepting the country's bonds as security for central bank credit, the answer remained no. The critical comments from Ewald Nowotny, who as head of the Austrian central bank also sits on the...

  • *Low oil prices have yet to depress non- OPEC production. A draft report of OPEC's long-term strategy, seen by Reuters ahead of the cartel's policy meeting in Vienna next week, forecast crude supply from rival non- OPEC producers would grow at least until 2017.. "Since June 2014, oil prices have experienced a significant reduction, reaching levels even lower than the...

  • ZURICH, May 28- No longer is schmoozing over long lunches and fine wines enough; Swiss private bankers are turning to video games and virtual reality to attract a new generation of sceptical clients and see off digital rivals. In a fifth floor office just off Zurich's main shopping street, researchers at UBS are testing dozens of technologies to see what could...

  • MEXICO CITY, May 27- Mexico is working hard to prevent outbreaks of a bird flu epidemic that has stricken the U.S. poultry and egg industry in recent months, a senior Mexican agriculture ministry official said on Wednesday. The official, who spoke on condition of anonymity, was responding to comments on Tuesday by a world health official who said that Mexico was...

  • Experts involved in past deep water searches say the search to find MH370 could easily miss the plane as Dutch company Fugro NV, the firm at the forefront of the mission, is using inappropriate technology for some terrain and inexperienced personnel for the highly specialized task of hunting man-made objects. "Fugro is a big company but they don't have any...

  • *U.S. expected to press Europe to reach deal on Greece. DRESDEN, Germany, May 27- G7 ministers and central bank heads convened on Wednesday to discuss how to revive global growth and China's increasing clout, while keeping a close eye on the protracted talks to avoid a Greek default. The United States is likely to use the talks, running through to Friday, to press Europe...

  • UPDATE 2-Airbus wins board spat with Spain, to renew CEO Wednesday, 27 May 2015 | 2:56 PM ET

    AMSTERDAM, May 27- Airbus Group faced down a revolt by government shareholders over a board appointment and invited its chief executive to stay on until 2019 as Europe's largest aerospace company consolidated a recent push for political independence. France and Germany own 11 percent each of Airbus Group and Spain controls 4.1 percent.

  • PHOENIX— Hopi tribal leaders and Arizona's members of Congress are asking U.S. law enforcement to stop the sale of about a dozen sacred Hopi artifacts at a Paris auction house in June. The Hopi Tribe contends the auction house is illegally selling the spiritual objects, known as Katsina Friends, and is urging U.S. Department of Justice and the FBI to help recover...

  • French startups beg expats - 'Come home, work for us' Wednesday, 27 May 2015 | 12:57 PM ET

    PARIS, May 27- French startup companies desperate for talent with international experience launched a campaign on Wednesday to persuade expats to return, pooling their resources to offer free repatriation help and advice as part of the package. Despite France's reputation as a high tax, low growth, bureaucratic country, the claim to be a centre for dynamic...

  • ATHENS, May 27- Greece's government on Wednesday said it is starting to draft an agreement with creditors that would pave the way for aid, but European officials quickly dismissed that as wishful thinking. Greece and its European and International Monetary Fund lenders have been locked in tortuous negotiations on a reforms agreement for four months without a...

  • UPDATE 2-U.S. urges EU, IMF to be flexible with Greece Wednesday, 27 May 2015 | 12:27 PM ET

    Treasury Secretary Jack Lew issued the warning on Wednesday in a stopover in London on his way to a meeting of Group of Seven finance ministers in Dresden, Germany. Finance ministers from the United States, Japan, Germany, France, Italy, Britain and Canada are meeting in Dresden on Thursday and Friday, and although Greece is not formally on the agenda, it will be...

  • DRESDEN, Germany— Top finance officials from the Group of Seven wealthy democracies are gathering in Germany this week to discuss ways to strengthen the global economy. U.S. officials are pressing countries such as Germany that have strong finances to invest more to stimulate their economies. The Group of Seven, or G-7, meets against the background of a...

  • Greece says deal close, Schaeuble quashes optimism Wednesday, 27 May 2015 | 10:21 AM ET

    Alexis Tsipras spoke shortly before Greek negotiators were due to meet in Brussels with representatives of the bailout creditors— whose cash has kept Greece from bankruptcy for the past five years. But he warned stumbling blocks remain, as Greece is dealing with three different creditor institutions— the International Monetary Fund, European Commission...

  • LONDON, May 27- Yields on Greek bonds fell and European shares extended their gains on Wednesday on the prospect of an accord between Greece and its creditors. A Greek government official told Reuters that the Brussels group of Athens' official creditors had started procedures to draw up a staff-level agreement. Greek 10- year government bond yields fell 42 bps...