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  • *Greece will not survive without a 3rd bailout. BRUSSELS, April 29- Greece has only days left to reach a cash-for-reforms deal with creditors because it needs to start negotiating a third bailout that would save it from bankruptcy after the current programme ends in June, euro zone officials said on Wednesday. The 240 billion euro bailout from euro zone...

  • Portugal investigates visas awarded to non-EU investors Wednesday, 29 Apr 2015 | 8:41 AM ET

    LISBON, Portugal— Portugal's Attorney-General's office says officials are searching government offices and other locations as part of a corruption and money-laundering investigation centered on the granting of residence permits to investors from outside the European Union. The Finance Ministry said the office of the secretary of state for tax affairs...

  • *Longer-term outlook for Spain's economy unclear. MADRID, April 28- At Diego Manrique's second-hand car dealership on the outskirts of Madrid, business is picking up. This recovery in consumer confidence is underpinning official forecasts for a rise in Spain's growth to 2.9 percent this year from last September's 2 percent.

  • MADRID— Spain's prime minister says the country's economy is on track to grow 2.9 percent this year and expand an additional 2.9 percent in 2016.. Mariano Rajoy gave the upbeat assessment a month before his party is expected to face a tough challenge in nationwide regional and local elections from the main opposition Socialist Party and two new parties...

  • *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.

  • Greece's Yanis Varoufakis was rebuked for failing to come up with a list of economic reforms, which are needed so Greece can get money it needs to stay solvent and avoid a potential exit from the euro. Just two months ago, Greece secured an agreement from the eurozone to get the remaining money in its bailout fund— 7.2 billion euros— but only if it came up with mutually...

  • Business events scheduled for the coming month Friday, 24 Apr 2015 | 1:33 PM ET

    WASHINGTON— Institute for Supply Management releases its manufacturing index for April, 10 a.m.; Commerce Department releases construction spending for March, 10 a.m.. WASHINGTON— Commerce Department releases international trade data for March, 8:30 a.m.; Institute for Supply Management releases its service sector index for April, 10 a.m..

  • *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...

  • RIGA, Latvia— Greece remains at loggerheads with its European creditors on an economic reform program required to unlock bailout loans the country will need to avoid defaulting in coming months and crashing out of the euro. Just two months ago, Greece secured an agreement from the eurozone to get the remaining money in its bailout fund— 7.2 billion euros— but only...

  • BRUSSELS/ BERLIN, April 23- German Chancellor Angela Merkel was expected to press Greek Prime Minister Alexis Tsipras on Thursday to move faster to agree detailed economic reforms crucial to unlock international bailout funds before Athens runs out of cash. The conservative German leader was due to meet the leftist Greek premier just before an emergency...

  • Spain's jobless rate edges up ahead of elections Thursday, 23 Apr 2015 | 5:35 AM ET

    MADRID— Spain's unemployment rate edged up slightly to 23.8 percent in the first quarter despite a welcome drop in the number of people out of work. The increase reported by the National Statistics Institute is a blow for the conservative government as it prepares for municipal and regional elections next month and general elections by the end of the year.

  • Germany: 'Very limited expectations' of Greece deal Friday Wednesday, 22 Apr 2015 | 11:13 AM ET

    ATHENS, Greece— Chances are low that a meeting of eurozone finance ministers on Friday will produce a deal that might unblock urgently needed bailout funds for Greece, Germany said Wednesday. In return for a four-month extension of the bailout that has kept Greece afloat since 2010, Athens had pledged in February to produce a comprehensive package of reforms...

  • LONDON, April 22- Greek debt markets are close to fully pricing in another default and fears that Athens might leave the euro zone have reached new heights, but there is no obvious sign that investors expect a spillover to the rest of the region. The head of Eurogroup finance ministers, Jeroen Dijsselbloem, the International Monetary Fund's European head, Poul...

  • But Reuters polls of more than 250 economists across Europe and North America show only modest upgrades to growth forecasts and a reluctance to relinquish a depressed inflation view, despite the rush of rate cuts and central bank cash that most respondents believe is far from over. Germany's DAX index has rallied more than 20 percent since the start of the year...

  • Euro slips against dollar on Greece default worries. NEW YORK, April 20- Equity markets snapped back on Monday after China took steps to stimulate its economy, while the euro weakened amid worries about Greece and oil rose on Middle East tension. The dollar rose as the euro slid against the greenback amid gathering concerns Greece could default on its debt or...

  • *China move boost Aussie, euro down on Greece worries. LONDON, April 20- Global stock markets had a mixed start to the week on Monday and core bond yields fell as investors juggled Chinese steps to stimulate its slowing economy and a proposed telecoms deal in Europe with growing worries Greece may default. This, in turn, contributed to an early rise in European shares,...

  • LONDON, April 20- German 10- year borrowing costs resumed a descent towards zero on Monday, with worries about Greece falling out of the euro zone increasing demand for top-rated assets even as the ECB's bond-buying programme quashes yields. Athens has been stuck in negotiations with its euro zone partners and the International Monetary Fund over economic...

  • *Aussie& kiwi outperform after latest stimulus by China. SINGAPORE/ SYDNEY, April 20- The Australian dollar rose on Monday after China boosted banks' lending power to support an economy that is Australia's largest export market, while the euro was weighed down by concerns over Greece's struggle to agree terms with creditors. China is the biggest export market for...

  • *China shares rise after Beijing cuts banks' reserve requirements. TOKYO, April 20- Stock markets in China and Japan rose on Monday after Beijing's latest stimulus to shore up the world's second-largest economy underpinned sentiment and helped limit losses across the rest of Asia. "There's no need for markets to worry too much because of the weakness in global...

  • *China cuts banks' reserve requirements. TOKYO, April 20- Asian shares dipped in early trading on Monday after a weak performance on Wall Street, though China's latest stimulus to shore up the world's second-largest economy was likely to underpin sentiment. Fed is now being augmented by money from China as the capital account is liberalized, "said Sean Darby,...