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  • BRUSSELS, May 11- Finance ministers of the euro zone welcomed progress achieved in negotiations between Greece and its creditors on a cash-for-reform deal but said more work is needed to bridge differences holding up a comprehensive agreement. In a joint statement after they reviewed the state of talks between Athens and the International Monetary Fund, the...

  • FOREX-Euro slips on unease over Greek talks Monday, 11 May 2015 | 4:18 AM ET

    LONDON, May 11- The euro slipped against the dollar on Monday, as many investors took a pessimistic view of the latest round of euro zone talks on a cash-for-reform deal for Greece. Greece, which must repay a 750 million euro loan to the International Monetary Fund on Tuesday, faces the risk of defaulting on debt repayments and being forced out of the euro zone.

  • TOKYO, May 11- Asian shares rose on Monday as investors cheered China's latest cut to interest rates to bolster its flagging economy and after Wall Street rallied on a robust headline reading for U.S. employment. But European stocks were seen opening slightly lower on the day, with lingering concerns over Greece's debt situation seen eclipsing the China...

  • TOKYO, May 11- The euro slipped against the dollar as nerves took hold before key talks between Greece and euro zone finance ministers, while the New Zealand dollar sank to a near two-month trough as speculation over when the country's central bank could cut rates gathered momentum. Today's Eurogroup meeting and its impact on the euro will be in focus, "said...

  • *Euro on defensive as bunds yield surge halts, Greece in focus. TOKYO, May 11- The dollar stood little changed against its peers after mixed U.S. jobs data failed to offer much of a buying incentive, while sterling stood tall after a surprise British election victory by the Conservative Party. The euro was little changed at $1.1200, having pulled back from a two-month...

  • *China cuts rates for 3rd time in 6 months, more steps seen. TOKYO, May 11- Asian shares rose on Monday as investors cheered China's latest cut to interest rates to bolster its flagging economy and as Wall Street rallied after a robust headline reading for U.S. employment. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.5 percent in early trade,...

  • ATHENS, May 9- Greece's main debt negotiator called on the European Union and the International Monetary Fund to show their willingness to break an impasse in debt talks, ahead of a crucial meeting of euro zone finance ministers on Monday. Prime Minister Alexis Tsipras' leftist-led government, which came to power promising to end the austerity terms under...

  • *Greek spokesman says Athens won't back down on everything. *Athens seeks statement of progress to unlock ECB help. Despite efforts by European Commission President Jean-Claude Juncker to coax leftist Prime Minister Alexis Tsipras into moving on two key conditions for releasing EU/IMF bailout funds, the Greek government spokesman said lenders could not...

  • *Greek spokesman says Athens won't back down on everything. *Athens seeks statement of progress to unlock ECB help. Despite efforts by European Commission President Jean-Claude Juncker to coax leftist Prime Minister Alexis Tsipras into moving on two key conditions for releasing EU/IMF bailout funds, the Greek government spokesman said lenders could not...

  • DIARY- Top Economic Events to May 18 Tuesday, 5 May 2015 | 8:01 PM ET

    WASHINGTON- Federal Reserve Chair Janet Yellen and International Monetary Fund Managing Director Christine Lagarde participate in " Finance and Society" conversation before the Institute for New Economic Thinking Conference on Finance and Society hosted by the IMF- 1315 GMT. WASHINGTON- Federal Reserve Bank of Kansas City President Esther George...

  • European shares drop as Athens bourse slides Tuesday, 5 May 2015 | 12:57 PM ET

    Athens' benchmark ATG equity index fell 3.9 percent on worries over a deadlock in Greece's attempts to strike a deal with its international creditors. Greece stepped up diplomatic efforts with its euro zone partners on Tuesday to avoid running out of money this month, when it must make a big debt repayment to the International Monetary Fund as cash reserves dry...

  • European shares fall as Greek stocks slide Tuesday, 5 May 2015 | 9:38 AM ET

    LONDON, May 5- European shares fell on Tuesday as renewed worries over Greece weighed on the region's stock markets. Greece stepped up diplomatic efforts with its euro zone partners on Tuesday to avoid running out of money this month, when it must make a big debt repayment to the International Monetary Fund as cash reserves dry up. Talks continued with the IMF,...

  • LONDON, May 5- European markets were firmer on Tuesday after an extended weekend break, bucking fears of slowing demand from China and despite debt stand-off fears depressing Greek stocks. The European Commission sent positive signals on the economy, saying euro zone economic growth would be stronger than previously expected this year thanks to cheaper oil, a...

  • *Athens' ATG index down 3 pct as debt worries weigh. Traders cited concerns that the International Monetary Fund may cut a funding lifeline to Greece unless its European partners accept more debt writedowns as weighing on the Greek market, with Greek bond yields also rising. Nevertheless, many traders still said new economic stimulus measures from the European...

  • LONDON, May 5- Greek bond yields rose on Tuesday on reports that the International Monetary Fund may cut a funding lifeline to Greece unless its European partners accept more debt writedowns. The warning, reported in the Financial Times to have been made by the IMF's European head, Poul Thomsen, to euro zone finance ministers at their meeting in Riga last month,...

  • LONDON, May 3- Always top of the data pile, this week will be no exception for the U.S. jobs report with a first interest rate rise likely this year despite a dramatic slowdown in the first quarter. "They will need better data to justify a rate hike, and that need is pushing the timing of a policy change ever-deeper into 2015," said Tim Duy, a professor at the University of...

  • LONDON, April 30- Gold steadied on Thursday, as the dollar dropped after the Federal Reserve confirmed a recent slowdown in the U.S. economy could hold off any interest rate hike for the time being. Gold, however, failed to entirely capitalise on the weaker dollar, which fell 0.4 percent versus a basket of leading currencies, on prospects the U.S. economy will...

  • SINGAPORE, April 30- Gold retained losses from overnight on Thursday, as the Federal Reserve characterised the recent slowdown in the U.S. economy as only transitory, not ruling out an interest rate hike this year. *Spot gold was trading flat at $1,204.51 an ounce by 0047 GMT, after losing 0.6 percent on Wednesday. *Gold had hit a three-week high this week in the run up...

  • *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...

  • *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.