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  • *Shanghai stocks focus on potential positives of weak China PMI. LONDON, May 21- World shares hovered near record highs on Thursday after downbeat Chinese manufacturing data put pressure on Beijing for more stimulus and the Federal Reserve signalled an increase in U.S. interest rates is still some way off. Top euro zone leaders will meet later in Latvia, where...

  • DIARY- Top Economic Events to June 3 Wednesday, 20 May 2015 | 8:01 PM ET

    SINTRA, Portugal- European Central Bank forum on central banking. Speakers:- ECB President Mario Draghi and board member Peter Praet, IMF Economic Counsellor Olivier Blanchard, BoE Governor Mark Carney, Central Bank of Mexico Governor Agustin Carstens, Central Bank of Ireland Governor Patrick Honohan, Organisation for Economic Co-operation and Development...

  • Greece faces June 5 default without bailout deal Wednesday, 20 May 2015 | 3:09 AM ET

    ATHENS, Greece— Greece will not be able to repay a loan to the International Monetary Fund early next month unless a deal is reached with its creditors to unblock bailout funds, the governing party's parliament spokesman said Wednesday. Greece's new government has been struggling for four months to agree on reforms that creditors require in return for the...

  • DIARY- Top Economic Events to June 1 Tuesday, 19 May 2015 | 8:01 PM ET

    LONDON- Bank of England releases updated policy statement on dormant bank accounts- 0900 GMT. MUNICH- Federal Reserve Bank of Chicago President Charles Evans speaks on current economic conditions and monetary policy before the National Association for Business Economics International Symposium: "Economic Growth, Monetary Policy, and Structural Reform:...

  • Greece: Dissenters rev up pressure on government Tuesday, 19 May 2015 | 7:59 AM ET

    ATHENS, Greece— Three senior members of Greece's governing Syriza party late Monday urged the government to halt bailout repayments— and prepare the country for a possible euro exit. The group of dissenters, headed by the party's former chief economist John Milios, warned that Prime Minister Alexis Tsipras' four-month-old government was being pressured by...

  • ATHENS, May 18- Greece has proposed to its international lenders that Europe's bailout fund pay back maturing Greek government bonds held by the European Central Bank as a way to overcome a funding crunch, Finance Minister Yanis Varoufakis said on Monday. Greece needs to strike a deal with its creditors by the end of the month to stay afloat, the government said on...

  • *IMF raises Italy 2015 GDP forecast to 0.7 pct from 0.5 pct. ROME, May 18- The International Monetary Fund raised slightly its forecasts for Italy's economy this year and next on Monday and said Rome should take advantage of favorable external conditions to push through much-needed reforms. The IMF's mission chief, Petya Koeva Brooks, said low interest rates, the...

  • Spain expects stronger economic growth this year Monday, 18 May 2015 | 6:27 AM ET

    MADRID— Spain's economy minister the country's economic growth is likely to pick up speed and could hit 3.5 percent this year. Spain was battered by the financial crisis and only emerged from a double-dip recession at the end of 2013. Its economy has grown for the past seven quarters. The ruling conservative Popular Party hopes the recovery can limit its plunge...

  • For almost four months, Greece's radical left-led government has been haggling with its creditors from the 19- country eurozone and International Monetary Fund over economic reforms it must make to secure a 7.2 billion euro cash injection. That is the final payment due from the country's 240 billion-euro bailout program, launched five years ago after...

  • DIARY- Emerging Markets Economic Events to May 28 Thursday, 14 May 2015 | 8:02 PM ET

    Greek Prime Minister Alexis Tsipras, Finance Minister Yanis Varoufakis, Deputy Finance Minister Dimitris Mardas, Economy Minister George Stathakis, Chief Executive of the European Financial Stability Facility and Deputy Director at the European Department at International Monetary Fund Pul Thomsen are among keynote speakers. PRAGUE- The "History of...

  • Without the funds, Greece risks bankruptcy within weeks, and eventually, a possible exit from the euro currency. Yanis Varoufakis said Greece must escape the "strictness trap" of budget measures that might hurt the economy and so prevent the country from reducing its debt mountain to manageable levels. He claimed that, once a satisfactory agreement with...

  • *Greece slips back into recession in first quarter. ATHENS, May 13- Greece's government on Wednesday ruled out rushing to a referendum to secure public support for unpopular reforms, opting instead to make a final push for a compromise with lenders by the end of the month. At a cabinet meeting on Tuesday, Athens reiterated hopes for a deal by the end of the month- by...

  • European shares propped up by progress in Paris Wednesday, 13 May 2015 | 9:53 AM ET

    *Numericable surges after broker price target upgrades. France posted its fastest economic growth rate in two years in the first three months of 2015, although Germany slowed from its robust pace late last year, official data showed on Wednesday. The euro zone's blue-chip Euro STOXX 50 index rose 0.7 percent.

  • ATHENS, Greece— Greece's prime minister was holding his second ministerial meeting in as many days Wednesday, when official data confirmed the cash-strapped country is back in recession amid concern over much-delayed bailout talks with creditors. At stake is a 7.2 billion euro rescue loan installment, and failure to reach an agreement could lead Greece to...

  • WRAPUP 3-Euro zone economy picks up pace but Germany lags Wednesday, 13 May 2015 | 7:23 AM ET

    *Germany slows as foreign markets struggle. BRUSSELS, May 13- A slowdown in Germany weighed on the euro zone in the first quarter, but the bloc's economy still grew at its fastest in almost two years as cheap food and fuel boosted spending and a central bank stimulus program kicked in. Domestic demand was certainly behind the improved growth in France and Italy, and...

  • Paris stock market leads European shares higher Wednesday, 13 May 2015 | 6:25 AM ET

    *Numericable surges after broker price target upgrades. France posted its fastest economic growth rate in two years in the first three months of 2015, although Germany slowed from its robust pace late last year, official data showed on Wednesday. The euro zone's blue-chip Euro STOXX 50 index rose 0.9 percent.

  • *Oil adds to overnight rally on OPEC demand forecasts. TOKYO, May 13- Asian shares advanced on Wednesday despite another set of disappointing Chinese economic reports, as investors instead focused on hopes of further stimulus from Beijing to prevent a sharper slowdown in the world's second-largest economy. European shares were expected to get the day off to a...

  • *China to release April industrial output, retail sales, investment data. TOKYO, May 13- Asian shares firmed on Wednesday, shrugging off weakness on Wall Street as investors bet that a batch of economic data from China due later in the day would bolster the case for more stimulus in the world's second-largest economy. MSCI's broadest index of Asia-Pacific shares...

  • ATHENS, May 12- Greece tapped emergency reserves in its holding account at the International Monetary Fund to make a crucial 750 million euro debt payment to the Fund on Monday, two government officials said on Tuesday. One official told Reuters that Athens used about 650 million euros from the holding account to make the payment. Euro zone finance ministers...

  • SINGAPORE, May 12- Gold struggled below $1,200 an ounce on Tuesday, following small overnight losses, hurt by a firmer dollar and a lack of robust safe-haven bids from the Greek debt crisis. *Greece calmed immediate fears of a default on Monday by making a crucial 750 million euro payment to the International Monetary Fund a day early. *Euro zone finance ministers...