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Angela Merkel

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  • The game of chicken between Greece and its international creditors is turning into a vicious blame game as Athens lurches closer to bankruptcy with no cash-for-reform agreement in sight. Europe's political leaders and central bankers and Greek politicians agree on only one thing: if Greece goes down, they don't want their fingerprints on the murder weapon.

  • The shock departure of Piech, a dominant figure at VW for over two decades, leaves IG Metall's former national leader Berthold Huber as acting chairman of Europe's biggest carmaker. At Deutsche Bank, opposition from the Verdi union to a wholesale disposal of the lender's retail operations helped convince co-CEOs Anshu Jain and Juergen Fitschen to ditch their...

  • LONDON, April 27- Greek two-year government bond yields dropped around 250 basis points on Monday after Athens reshuffled its team handling talks with European lenders and the International Monetary Fund. "The Eurogroup meeting in Riga showed Varoufakis was more or less isolated and it seems that Tsipras has understood that," said Felix Herrmann, a market...

  • LONDON, April 27- Greek bond yields edged higher on Monday as investors reacted to fruitless debt relief talks between euro zone finance ministers on Friday which only served to highlight the gulf between Athens and its creditors. As the country looks set to run out of cash in the coming weeks, the talks showed how isolated Greece's finance minister was from his...

  • *Euro pressured as Greece, creditors negotiate debt deal. TOKYO, April 27- The dollar started the week on the defensive on Monday after more disappointing U.S. economic data reinforced expectations the U.S. Federal Reserve will not hike interest rates any time soon, while concerns about Greece's ongoing debt talks pressured the euro.

  • *Spain seeks influential post to gain influence in EU. RIGA, April 25- Spain will make a bid to EU leaders in the coming weeks to take over as chair of euro zone finance ministers' meetings, Spanish Economy Minister Luis de Guindos said on Saturday, seeking a post that shapes key policies in the single currency bloc. The post, long sought by Madrid to balance what Spain...

  • Kotzias said Greece and its euro zone partners need to compromise on creating political policies that will foster growth and allow the country to pay its debts. Asked if he is simply asking the rest of Europe to trust Greece, he said: "No. "Do they want to support us to have growth... or do they decide to have Greece struggle, to punish Greece and to create an example of what...

  • *Electrolux and Renault advance after results. LONDON, April 24- European shares rose on Friday, boosted by encouraging corporate earnings and upbeat economic data, while prospects for a deal over Greece's debt crisis also lifted Athens' volatile market. There was also cautious optimism on Greece after German Chancellor Angela Merkel expressed hope that a...

  • *Electrolux and Renault, rise after results. LONDON, April 24- European shares rose on Friday, boosted by encouraging corporate earnings and upbeat economic data, while prospects for a deal over Greece's debt crisis also lifted Athens' volatile market. There was also optimism regarding Greece, after German Chancellor Angela Merkel said she had had a "...

  • *Eurogroup urges Greece to speed up reform deal for cash. RIGA, April 24- Euro zone finance ministers delivered a stark warning to Greece on Friday that its leftist government will get no more aid until it agrees a complete economic reform plan, as Athens lurches closer to bankruptcy. He also said a remaining 7.2 billion euros in frozen bailout funds would no longer...

  • European shares rise as DAX and Greek markets rally Friday, 24 Apr 2015 | 6:07 AM ET

    *Electrolux and Renault, rise after results. LONDON, April 24- European shares climbed higher on Friday, boosted by encouraging corporate earnings and upbeat economic data, while the volatile Athens market also rose on prospects for a deal over Greece's debt crisis. There was also optimism regarding Greece, after German Chancellor Angela Merkel said she had a "...

  • LONDON, April 24- The euro hit a two-week high against a soft dollar on Friday, supported by a rise in a key German business sentiment survey and hopes that cash-strapped Greece was making tentative progress toward securing fresh funding. Helping sentiment towards the euro were comments from German Chancellor Angela Merkel who said on Thursday everything...

  • *Varoufakis says Athens willing to consider tax commission. RIGA, April 24- Greece offered some concessions on Friday on reforms demanded by international lenders in return for new funding before Athens runs out of money, but euro zone creditors said negotiations needed to speed up to get a deal by June. Merkel, in a comment seen as underlining the determination...

  • *Electrolux, Renault, Sabadell all rise after results. LONDON, April 24- European shares rose in early deals on Friday, boosted by encouraging earnings reports, with investors also cautiously optimistic over the prospects of a deal over Greece's debt crisis. Renault rose 4.3 percent after it said first-quarter revenue rose 13.7 percent, as Europe's auto-market...

  • SYDNEY/ SINGAPORE, April 24- The dollar nursed losses on Friday after taking a hit from underwhelming U.S. economic data, while the euro found support from signs that cash-strapped Greece was making tentative progress toward securing fresh funding. Helping to support the euro, German Chancellor Angela Merkel said on Thursday everything must be done to prevent...

  • GLOBAL MARKETS-Asian shares take cue from Nasdaq record Thursday, 23 Apr 2015 | 8:33 PM ET

    MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.3 percent, moving back toward a seven-year intraday high touched in the previous session. On Wall Street overnight the Nasdaq pushed above a record set in March 2000, the height of the dot.com boom. "Clearly the market is pushing back expectations of a Fed hike," Mitul Kotecha, head of FX strategy,...

  • SYDNEY, April 24- The dollar nursed losses early on Friday after yet more underwhelming U.S. economic news, while signs that cash-strapped Greece was making tentative progress in securing fresh funding helped underpin a broad rally in the euro. The latest rally came as German Chancellor Angela Merkel said everything must be done to prevent Greece from running...

  • *Merkel wants to keep Greece in euro zone, avoid default- EU aide. BRUSSELS, April 23- German Chancellor Angela Merkel said on Thursday everything must be done to prevent Greece running out of money before it reaches a cash-for-reform deal with its international creditors amid heightened concern that Athens is nearing the brink. Their talks came a day before euro...

  • *Oil rises on Middle East concern. NEW YORK, April 23- U.S. stocks rose on Thursday, with the Nasdaq index hitting a record closing high, as corporate earnings and a rise in energy shares overshadowed soft U.S. economic data, while oil prices climbed to the highest levels of the year. said Walter Price, senior portfolio manager and managing director of the AllianzGI...

  • Merkel says must prevent Greece running out of cash Thursday, 23 Apr 2015 | 3:46 PM ET

    BRUSSELS, April 23- German Chancellor Angela Merkel said on Thursday that everything must be done to prevent Greece running out of money before a reform-for-cash deal is reached with its international creditors. Speaking after a private meeting which she described as "constructive" with Greek Prime Minister Alexis Tsipras on the sidelines of a European...