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Angela Merkel

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  • TOKYO, July 8- Japanese stocks fell sharply on Wednesday morning as a massive selloff in China's stock markets raised fears of a damaging blow to the world's second-largest economy- a major export market for Japan. Companies with high exposures to China underperformed, with construction equipment makers Komatsu Ltd and Hitachi Construction Machinery...

  • *Euro zone sets end-of-week deadline for Greece, EU summit Sunday. *France, Germany urge Tsipras to put forward credible proposal. BRUSSELS, July 7- Euro zone members have given Greece until the end of the week to come up with a proposal for sweeping reforms in return for loans that will keep the country from crashing out of Europe's currency bloc and into economic...

  • Copper prices hit lowest level in six years on China worries. NEW YORK, July 7- Copper and other metals plunged on Tuesday as the euro sank to a five-week low against the dollar after the European Central Bank tightened lending conditions for Greek banks and as the collapse in equities prices in China drove fears about the country's economy.

  • BRUSSELS, July 7- European Central Bank chief Mario Draghi assured euro zone leaders on Tuesday the ECB would do the necessary to keep Greek banks afloat until an EU summit on Sunday that will seek a deal on further aid to Greece, German Chancellor Angela Merkel said. Speaking at a news conference after an emergency summit of euro zone leaders, Merkel said she was "...

  • BRUSSELS, July 7- German Chancellor Angela Merkel said on Tuesday she hoped to have sufficient reform proposals from Greece this week to be able to ask the German parliament to approve negotiations on a new long-term aid programme for Athens. She said all 28 European Union leaders would meet next Sunday to discuss support for Greece provided Prime Minister...

  • *France, Germany urge Tsipras to put forward credible proposal. Italian Prime Minister Matteo Renzi told reporters that EU leaders would hold a further summit on Sunday to approve a plan to aid Greece if creditor institutions are satisfied in the meantime with a Greek loan application and reform commitments. "Next Sunday the final meeting will take place on...

  • Yields on 30- year Treasuries fell below 3 percent, with the demand also driven by China's slumping equities markets, according to traders. Greek Prime Minister Alexis Tsipras launched another bid to win fresh aid at an emergency euro zone summit but German Chancellor Angela Merkel said there was still no basis for reopening negotiations.

  • *China slowdown fears drags commodities towards 2015 lows. July 7- U.S. stocks were lower in afternoon trading as concerns of a slowdown in China weighed on commodity prices and investors fretted over aid talks for Greece as it runs out of cash. An emergency euro zone summit, which started at 12 p.m. ET in Brussels, will consider a desperate bid by Greek Prime Minister...

  • President Barack Obama has spoken to German Chancellor Angela Merkel and Greek Prime Minister Alexis Tsipras about the Greek financial crisis, the White House said on Tuesday.

  • *Bild urges Merkel to be tough at Greece summit. The first point in the plan: the immediate exit of Greece from the euro zone. And her centre-left coalition partners, the Social Democrats, are also talking tough these days, limiting Merkel's room to forge compromises with Greek Prime Minister Alexis Tsipras that would keep Greece in the currency bloc.

  • BRUSSELS/ ATHENS, July 7- Greece faces a last chance to stay in the euro zone on Tuesday when Prime Minister Alexis Tsipras puts proposals to an emergency euro zone summit after Greek voters resoundingly rejected the austerity terms of a defunct bailout. The leaders of Germany and France, the currency area's two main powers, said after conferring on Monday that...

  • European Commission President Jean-Claude Juncker says authorities are prepared for all eventualities in Brussels' drawn-out negotiations with Greece about its financial crisis— including a scenario in which debt-laden Greece leaves the euro single currency or the European Union itself. We have a Grexit scenario, prepared in detail, "Juncker said after...

  • *Investors hope for eventual deal on Greece. TOKYO, July 7- Most Asian stocks drooped on Tuesday as Chinese equity markets went into a fresh tailspin, fraying investor nerves already strained by uncertainty hanging over the future of Greece and the European currency union. Japan's Nikkei rose 1.4 percent after a sharp fall on Monday while European shares were...

  • It's not just the problem of Greece— it's the future of the European Union "that's at stake, he said. And highlighting the rising anger with Tsipras over months of foot-dragging and surprising negotiating twists, European Commission President Jean-Claude Juncker had a stark warning for Greece. "We have a Grexit scenario, prepared in detail," he said, referring to...

  • *Investors hope for eventual deal on Greece. *China share market losses raise concerns for Asia. Japan's Nikkei rose 1.2 percent while MSCI's broadest index of Asia-Pacific shares outside Japan, which fell to six-month low on Monday, was up 0.2 percent.

  • Treasury Secretary Jack Lew spoke on Monday with Greece's prime minister and finance minister and said Washington looked forward to Athens and other parties resuming conversations toward resolving the Greek situation, a Treasury spokeswoman said. Lew voiced hope such an outcome "will allow Greece to make difficult but necessary fiscal and structural...

  • What Greece really needs: A debt relief? Monday, 6 Jul 2015 | 7:47 PM ET
    What Greece really needs: A debt relief?

    Peter Morici, professor of economics at University Of Maryland's Robert H. Smith School of Business, says European creditors need to realize that Greece won't be able to pay its debts.

  • PARIS/ ATHENS, July 6- France and Germany told Greece on Monday to come up with serious proposals in order to restart financial aid talks, a day after Greeks voted overwhelmingly to reject more austerity. German Chancellor Angela Merkel and French President Francois Hollande, the euro zone's most powerful leaders, said Athens must move quickly if it wants to...

  • Aetna falls after Humana deal. Greek Prime Minister Alexis Tsipras promised German Chancellor Angela Merkel that Greece would bring a proposal for a cash-for-reforms deal to an emergency summit of euro zone leaders on Tuesday, a Greek official said. Though Greece is causing a lot of uncertainty, a deal should get done to keep them in the Euro Zone, according to...

  • PARIS/ ATHENS, July 6- France and Germany told Greece to come up with serious proposals in order to restart financial aid talks, raising pressure on Prime Minister Alexis Tsipras to compromise a day after his country voted overwhelmingly against more austerity. After a meeting in Paris, German Chancellor Angela Merkel and French President Francois Hollande...