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  • MSCI's emerging equity index rose 0.8 percent, lifted by China stocks jumping almost 3 percent on hopes that more infrastructure spending and policy stimulus will re-energise a cooling economy and boost profits. "China' stocks surged to yet another year-to-date high on the back of market expectations that the PBoC might provide even more monetary policy...

  • *Shanghai, Hong Kong stocks lead on stimulus hopes. Chinese stocks surged to seven-year highs, helped by Beijing's unveiling of an ambitious plan to build a modern Silk Road to Europe and Africa and signs from People's Bank of China Governor Zhou Xiaochuan that added to expectations of more monetary policy easing. "China's economy is under relatively big...

  • ATHENS, March 30- Greece has not given up on its aim to renegotiate its debt to render it manageable, the country's deputy finance minister said on Monday as talks between Athens and its lenders on reforms to unlock aid continue. He reiterated a plan to link the repayment of Greece's 318 billion euros of debt with economic growth or exports, along the lines of a deal...

  • Global stocks get European economy and Yellen boost Monday, 30 Mar 2015 | 3:03 AM ET

    KEEPING SCORE: In Europe, Germany's DAX was up 1.3 percent at 12,024 while the CAC-40 in France rose 1 percent to 5,084. The FTSE 100 index of leading British shares was 0.3 percent higher at 6,877. Wall Street was poised for a solid start with Dow futures and the broader S&P 500 futures 0.5 percent higher. A survey from the European Commission showed economic...

  • March non-farm payrolls seen up 244,000. BRUSSELS, March 29- The state of the U.S. labor market in March will consume economists and investors in the week leading up to Easter, adding to the seesaw debate over when the Federal Reserve will spring its first interest rate hike. Fed Chair Janet Yellen made it clear on Friday that the U.S. central bank is likely to start...

  • ROME, March 28- Italy will probably nudge its forecast for economic growth this year up to 0.7 percent from 0.6 percent when it issues new economic and public finance projections next month, a senior minister said on Saturday. Maria Elena Boschi, minister for constitutional reforms, said at a Milan conference organized by retail lobby Confcommercio that the...

  • Business events scheduled for the coming month Friday, 27 Mar 2015 | 1:21 PM ET

    WASHINGTON— Institute for Supply Management releases its manufacturing index for March, 10 a.m.; Commerce Department releases construction spending for February, 10 a.m.. WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.; Commerce Department releases international trade data for February, 8:30 a.m.; Commerce Department releases...

  • Spain's 2014 budget deficit below that set by EU Friday, 27 Mar 2015 | 10:34 AM ET

    MADRID— Spain says its budget deficit in 2014 ended up slightly above its target but below that sought by the European Union. Finance Minister Cristobal Montoro said Friday the country's deficit amounted to 5.7 percent of Spain's GDP. Spain has pledged to get it down to 2.8 percent in 2016— below the 3 percent rule for countries that use the euro.

  • ATHENS, March 27- Greece is submitting a long-awaited list of reforms to euro zone and International Monetary Fund lenders on Friday in the hope it will unlock badly needed cash, a Greek government official said. The European Union and IMF lenders, informally called the Brussels Group, will meet in Brussels later on Friday to start discussing it, the official said.

  • Fitch downgrades Greece amid bailout uncertainty Friday, 27 Mar 2015 | 9:29 AM ET

    ATHENS, Greece— The ratings agency Fitch has downgraded Greece's sovereign rating amid growing uncertainty over the new government's pledge to overhaul reforms needed to restart bailout loan payments and avoid default. The government has promised to ax austerity measures that cut chronic deficits but kept Greece in a punishing recession for six years.

  • Italy uncovers European tax-avoiding fuel scam Thursday, 26 Mar 2015 | 11:51 AM ET

    ROME— Italian police and Europol say eight people have been arrested in a half-dozen European countries for allegedly operating a diesel import scam that avoided taxes by disguising the fuel as it transited across the continent. Italy's financial police said Thursday that the scam netted 5.7 million euros as some 4,000 tons of fuel entered the country to be...

  • ROME, March 26- Bond-buying by the European Central Bank will reinforce the euro zone's economic recovery, its president, Mario Draghi, said on Thursday, adding that there was already evidence that the scheme was taking effect. Draghi told lawmakers in Italy's parliament that recent data releases "are comforting about the contribution that monetary policy is...

  • Pressure rises on Greece as savers drain bank deposits Thursday, 26 Mar 2015 | 11:25 AM ET

    The central bank of Greece said Thursday that private and business deposits dropped to 140.5 billion euros by the end of February. Some feared the clash could push Greece to bankruptcy and even cause it to fall out of the euro, a move that would devastate the country's financial system in the short term. Greece has its back against a wall as it badly needs money— it...

  • DIARY- Top Economic Events to April 8 Wednesday, 25 Mar 2015 | 8:01 PM ET

    ROME- European Central Bank president Mario Draghi addresses the Italian parliament's finance and EU policy committees- 1200 GMT. LONDON- Bank of England to publish Financial Policy Committee statement- 0930 GMT. FRANKFURT- Federal Reserve Bank of St. Louis President James Bullard gives OMFIF Public Lecture on the economy and monetary policy- 0835 GMT.

  • Ukraine bondholders face haircuts and extensions Wednesday, 25 Mar 2015 | 9:50 AM ET

    But Ukraine, as the country's finance minister points out, lacks the wealthy, albeit grudging euro zone backers that Athens has, and its $40 billion bailout is modest compared with the 240 billion euro Greek rescue. Creditors are preparing for battle, not least Russia, which is locked in conflict with Ukraine and holds $3 billion worth of the bonds.

  • DIARY- Top Economic Events to April 7 Tuesday, 24 Mar 2015 | 8:01 PM ET

    HELSINKI- European Central Bank policy board member and Bank of Finland Governor Erkki Liikanen will brief the press on monetary policy and global economy- 0900 GMT. LONDON- European Central Bank policymaker Peter Praet takes part in panel discussion on "Global Economic Recovery- a Tale of Many Parts" at the International Financial Services Forum- 1025 GMT.

  • *Bailout fund to consider returning 1.2 bln euros to Greece. ATHENS/ BERLIN, March 24- Greece risks running out of cash by April 20 unless it secures fresh aid, a source familiar with the matter told Reuters on Tuesday, leaving little time to convince sceptical creditors it is committed to economic reform. After talks with EU leaders including German Chancellor...

  • *Lufthansa, Airbus down after plane crash. LONDON, March 24- European shares edged up on Tuesday to hover just below a recent 7-1/ 2- year high, with forecast-beating business surveys from Germany and France offsetting disappointing Chinese factory data. However, Lufthansa and Airbus were down 1.9 percent and 0.9 percent respectively after an Airbus operated by...

  • BERLIN/ ATHENS, March 23- Greek Prime Minister Alexis Tsipras, pressing for cash to keep his country afloat, began talks with Germany's Angela Merkel on Monday after Berlin ruled out any breakthrough in differences with the euro zone over Athens's international bailout. Tsipras' pledge to submit a full reform package within days to unlock money that Greece...

  • BERLIN/ ATHENS, March 23- Germany's Angela Merkel does not expect talks on Monday with Greek Prime Minister Alexis Tsipras to resolve his differences with the euro zone over Greece's bailout but she does want to hear from him in person about his reform plans, an aide said. Tsipras' talk of coming up with a new reform package within days to unlock the cash that Greece...