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  • *Intense contacts between Brussels and Athens. In a rousing speech to parliament, Tsipras hailed the decisive role "little Greece" was playing in reshaping Europe and promised Athens would not cave in to demands it extend its international bailout "no matter how much" German Finance Minister Wolfang Schaeuble asked for it. That came after Schaeuble said that if...

  • Treasury Secretary Jack Lew signalled that Germany and others in Europe should engage in deficit spending, saying it would not be a "good ride" for the global economy if only the United States was strong. "In Europe, there's a need for more fiscal policy. The meeting of finance ministers and central bankers in Istanbul comes at a difficult time, with major economies...

  • *Intense contacts between Brussels and Athens. ATHENS/ BRUSSELS, Feb 10- European Commission President Jean-Claude Juncker stepped up contacts with Greece's new leftist leader on Tuesday to try to bridge differences on the country's debt crisis but EU officials cautioned against expecting any breakthrough this week. Ahead of crunch meetings of euro zone...

  • ISTANBUL, Feb 10- Following are the key points of a communique released by G20 finance officials at the end of a two-day meeting in Istanbul. -Growth in the global economy remains uneven and although the recovery is in progress, it is slow, especially in some advanced economies, notably the euro area and Japan. We continue to urge the United States to ratify the 2010...

  • ISTANBUL, Feb 10- The chief of Germany's Bundesbank pressed Greece on Tuesday to make a credible effort to get back on its feet with tighter public finances and economic reforms, showing no willingness to bend in a standoff with Athens. In an interview with Reuters, Jens Weidmann gave no quarter in the confrontation between Greece and its euro zone partners, in...

  • LONDON, Feb 10- Banks are wrongly shunning some customers and need to take a more targeted approach to applying rules aimed at tackling money laundering and channeling cash to terrorists, Britain's markets watchdog said on Tuesday. Martin Wheatley, chief executive of the Financial Conduct Authority, told lawmakers that banks were "de-risking" by giving a "wide...

  • ISTANBUL, Feb 10- G20 finance officials painted a downbeat picture of the world economy on Tuesday and vowed to use monetary and fiscal policy to boost activity if needed. A communique released at the end of a two-day meeting of finance ministers and central bankers in Istanbul, said: "We will continuously review our monetary and fiscal policy settings and act...

  • FINAL ISTANBUL G20 COMMUNIQUE LARGELY UNCHANGED FROM DRAFT OBTAINED BY REUTERS OVERNIGHT.

  • Treasury Secretary Jack Lew and Turkish Deputy Prime Minister Ali Babacan asserted a strong joint commitment to combat financial networks supporting Islamic State militants at a G20 summit in Istanbul, a U.S. Treasury spokesperson said on Tuesday. In a meeting on the sidelines of the summit, the two also agreed that boosting near-term domestic demand should...

  • ISTANBUL, Feb 10- The United States urged a meeting of the Group of 20 leading economies not to resort to currency devaluations to boost exports, while a draft communique gave a gloomy assessment on Tuesday of the outlook for global growth. The meeting of finance ministers and central bankers in Istanbul comes at a difficult time, with major economies running at...

  • *Greek debt worries, Ukraine conflict sap risk appetite. LONDON, Feb 10- Nerves over Greece's future in the euro and the conflict in Ukraine dragged on European markets on Tuesday, while bets on the likelihood of a U.S. interest rate hike nudged the dollar higher and oil prices held steady after a rebound. European stocks fell 0.3 percent and the euro slipped towards...

  • ISTANBUL, Feb 10- Russia's central bank will base its monetary policy on an average oil price of $50 a barrel in its baseline scenario, the bank's First Deputy Governor Ksenia Yudayeva told journalists in Istanbul on Tuesday.

  • ISTANBUL, Feb 10- The Group of 20 leading economies will pledge to act decisively on monetary and fiscal policy if needed to combat the risk of persistent stagnation, according to a draft communique obtained by Reuters on Tuesday. The communique, intended for adoption by G20 ministers later on Tuesday at a meeting in Istanbul, pointed to the risk of prolonged low...

  • *Scheme extracted $150 million from UCO Bank- source. NEW DELHI/ MUMBAI, Feb 9- India's central bank has ordered banks to tighten monitoring of export finance deals after investigators uncovered an invoicing scam they suspect is part of a multi-billion-dollar scheme to exploit Western financial sanctions against Iran. According to sources familiar with the...

  • Is QE enough to save Europe?   Monday, 9 Feb 2015 | 11:30 AM ET
    Is QE enough to save Europe?

    At the G-20 summit, Joe Oliver, finance minister of Canada, says that quantitative easing is not enough to fix Europe's problems, and a compromise must be struck in the Greek debt negotiations

  • ATHENS/ ISTANBUL, Feb 9- Greece and its euro zone partners engaged in brinkmanship on Monday, with leftist Prime Minister Alexis Tsipras insisting his country would not extend its reform-linked bailout and Germany saying it would get no more money without such a programme. Escalating the rhetoric, Greece's finance minister said the euro zone could collapse "...

  • BRUSSELS, Feb 9- Rich nations provided nearly $15 billion over a decade from 2003 to 2013 to fund exports of coal-fired power plant and coal mining technology, data seen by Reuters shows, defying calls to end subsidies for the most polluting of the fossil fuels. A document prepared late last year by the Paris- based Organisation for Economic Cooperation and...

  • ISTANBUL, Feb 9- Group of 20 finance officials look likely to reject a proposal to set countries specific investment targets to spur a global economy which appears increasingly reliant on the United States for growth. The meeting of finance ministers and central bankers in Istanbul comes as Greece casts a new shadow over Europe, cheap oil plays havoc with...

  • ISTANBUL, Feb 9- The recent slide in global oil prices is a benefit for the world economy and could lead to some upgrades of economic forecasts, Bank of Japan Governor Haruhiko Kuroda said on Monday. "For the world economy, without a doubt, weaker oil prices are a plus," Kuroda told reporters on the sidelines of the G20 meeting of finance ministers and central bankers in...

  • ISTANBUL, Feb 9- The recent slide in global oil prices is a benefit for the world economy and could lead to some upgrades of economic forecasts, Bank of Japan Governor Haruhiko Kuroda said on Monday.