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  • UPDATE 2-France to keep pushing for Greek deal - Sapin Wednesday, 1 Jul 2015 | 5:57 AM ET

    *Berlin plays down suggestion of policy rift with Paris. PARIS, July 1- France will keep pushing for a deal between Athens and its creditors ahead of Sunday's referendum, Finance Minister Michel Sapin said on Wednesday, hours before euro zone finance ministers were due to hold a new crisis conference call. Last-minute overtures by Greece to international...

  • BERLIN, July 1- Italian Prime Minister Matteo Renzi said a Greek referendum planned for Sunday amounted to a choice between remaining in the euro or returning to the drachma. Speaking during a visit to Berlin, Renzi urged Greece to press on with structural economic reforms, saying European fiscal rules must be respected by all members of the bloc.

  • Russia halts gas supply to Ukraine amid pricing dispute Wednesday, 1 Jul 2015 | 5:26 AM ET

    MOSCOW— The Russian gas company Gazprom halted supplies to neighboring Ukraine on Wednesday after the collapse of pricing talks, a company official said— but an EU official said the dispute would not affect the flow of Russian gas to Europe. Gazprom CEO Alexei Miller said Russia stopped deliveries at 10 a.m. because Ukraine didn't make an advance payment for...

  • German train drivers union to end labor dispute Wednesday, 1 Jul 2015 | 4:49 AM ET

    BERLIN— Germany's main train drivers union has ended a bitter labor dispute with the country's biggest railway operator that saw nine strikes over the past year. The GDL union, which mostly represents train drivers but also some other railway staff, reached a deal with state-owned Deutsche Bahn that will prevent further transport chaos for Europe's biggest...

  • European shares rebound after two-day slide, autos lead Wednesday, 1 Jul 2015 | 4:24 AM ET

    LONDON, July 1- European shares bounced back on Wednesday after sharp declines in the previous two sessions, with some investors clinging to hopes of progress in Greece even after it became the first advanced economy to default on a loan with the IMF. French Finance Minister Michel Sapin also said France would still try to reach a goal with Greece before the...

  • *Heathrow plan provides greatest benefits, commission says. Proposals to expand Heathrow in densely-populated west London are politically divisive and likely to fuel tensions in the ruling Conservative party. After a three-year study, the Airports Commission, as expected, selected a new runway at Heathrow over two other shortlisted options, arguing that it...

  • UPDATE 1-China calls for Greek debt talks to continue Wednesday, 1 Jul 2015 | 4:06 AM ET

    BEIJING, July 1- China's Foreign Ministry on Wednesday called for talks between Greece and its creditors to continue, after the country defaulted on a loan with the International Monetary Fund. "From China's point of view we hope to see that the EU and euro zone can appropriately resolve this issue and Greece can continue to remain in the euro zone.

  • The Latest: Moody's downgrades Greece to Caa3 Wednesday, 1 Jul 2015 | 3:39 AM ET

    ATHENS, Greece— The latest news on Greece's financial woes:. A huge banner that urged Greek voters to reject a bailout deal from the country's creditors at Sunday's referendum has been taken down from the front of the Finance Ministry. German Chancellor Angela Merkel is sticking to her position that there can be no negotiations on a new aid package before Greece...

  • *Skepticism in euro zone about lending more to Greece. ATHENS/ BRUSSELS, July 1- Greece was appealing to its euro zone partners and the European Central Bank on Wednesday to keep it afloat after defaulting on its debt to the International Monetary Fund and losing frozen international bailout money. In Germany, Greece's biggest creditor, a senior lawmaker in...

  • KIEV, July 1- Ukraine halted natural gas imports from Russia on Wednesday after energy officials from the two countries failed to agree on quarterly prices, state transport monopoly Ukrtransgaz said. "From today, Ukraine is not getting gas from Russia. Talks in Vienna between Russia and Ukraine on gas supplies fell apart on Tuesday.

  • KIEV, July 1- Ukraine's state gas transport monopoly, Ukrtransgaz, said on Wednesday it had stopped receiving gas from Russia on July 1 but was still supplying Europe at the usual rate. "From today, Ukraine is not getting gas from Russia. Gas supply talks between Russia and Ukraine fell apart on Tuesday in Vienna after energy officials were unable to agree on a...

  • *Greece misses 1.6 billion euro IMF loan repayment. *Eurogroup head urges Greece to change stance with creditors. *Fitch ratings agency cuts Greece to CC.

  • *Asia holds nerve as Greece misses IMF loan payment. SYDNEY, July 1- Asian shares made guarded gains on Wednesday as investors gave a resigned shrug to news Greece had become the first developed economy to default on a loan with the International Monetary Fund. Calming after two days of wild swings, MSCI's broadest index of Asia-Pacific shares outside Japan...

  • ATHENS, Greece— Eurozone finance ministers were set to weigh Greece's latest proposal for aid Wednesday, hours after the country's international bailout expired without a deal, cutting it off from vital financing and deepening fears over whether it will be able to remain in the eurozone. With its failure to repay the roughly 1.6 billion euros to the...

  • Asian stocks gain as US data eclipses Greek risk Wednesday, 1 Jul 2015 | 12:19 AM ET

    NEW YORK— Hopes that a deal could be reached between Greece and its creditors pushed stocks higher on Wednesday. Greece failed to repay a loan to the International Monetary Fund that was due on Tuesday after talks between the nations and its creditors broke down late last week. "The developments in Greece... seem to be driving sentiment more than anything," said Phil...

  • *Greece misses 1.6 billion euro IMF loan repayment. *Eurogroup head urges Greece to change stance with creditors. *Fitch ratings agency cuts Greece to CC.

  • DIARY- Top Economic Events to July 13 Tuesday, 30 Jun 2015 | 8:01 PM ET

    LONDON- Bank of England publishes financial stability report, followed by Governor Mark Carney's news conference- 0930 GMT. FRANKFURT- European Central Bank Governing Council meeting. BERLIN- European Central Bank Governing Council member Jens Weidmann and Bundesbank Vice President Claudia Buch to participate in cabinet meeting of the federal...

  • WASHINGTON, June 30- The Obama administration on Wednesday will announce it has reached an agreement with Cuba to reopen embassies and restore diplomatic relations severed more than five decades ago, U.S. officials said on Tuesday. President Barack Obama, in Washington, and Secretary of State John Kerry, in Vienna for Iran nuclear talks, will both address the...

  • CHICAGO, June 30- U.S. grain and soybean futures on Tuesday climbed to their highest prices since December after the U.S. Agriculture Department said crop stockpiles and spring plantings were smaller than analysts expected. U.S. corn and soybean stocks as of June 1 were up from a year ago, after record-large harvests last year, but below market forecasts due to...

  • WASHINGTON, June 30- The Obama administration on Wednesday will announce it has reached an agreement with Cuba to reopen embassies and restore diplomatic relations severed more than five decades ago, a senior U.S. official said on Tuesday. The official said President Barack Obama, in Washington, and Secretary of State John Kerry, in Vienna for Iran nuclear talks,...