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  • LONDON, July 1- Euro zone factory growth picked up slightly last month but remained tepid as uncertainty around Greek debt talks-- and the country's possible exit from the bloc-- swept across the region, a survey found on Wednesday. Amid speculation Athens would fail to make Tuesday's 1.6 billion euro repayment to the International Monetary Fund, expectations...

  • The Latest: Moody's downgrades Greece to Caa3 Wednesday, 1 Jul 2015 | 3:39 AM ET

    ATHENS, Greece— The latest news on Greece's financial woes:. A huge banner that urged Greek voters to reject a bailout deal from the country's creditors at Sunday's referendum has been taken down from the front of the Finance Ministry. German Chancellor Angela Merkel is sticking to her position that there can be no negotiations on a new aid package before Greece...

  • *Skepticism in euro zone about lending more to Greece. ATHENS/ BRUSSELS, July 1- Greece was appealing to its euro zone partners and the European Central Bank on Wednesday to keep it afloat after defaulting on its debt to the International Monetary Fund and losing frozen international bailout money. In Germany, Greece's biggest creditor, a senior lawmaker in...

  • *Asia holds nerve as Greece misses IMF loan payment. SYDNEY, July 1- Asian shares made guarded gains on Wednesday as investors gave a resigned shrug to news Greece had become the first developed economy to default on a loan with the International Monetary Fund. Calming after two days of wild swings, MSCI's broadest index of Asia-Pacific shares outside Japan...

  • SYDNEY/ TOKYO, July 1- The euro slipped in Asia on Wednesday with Greece's fate still hanging in the balance after it became the first advanced economy to ever be in arrears to the International Monetary Fund. It has been choppy between $1.0955 and $1.1279 this week in reaction to ever-changing developments in Greece. The International Monetary Fund on Tuesday...

  • SYDNEY, July 1- The euro got off to a cautious start in Asia on Wednesday with Greece's fate still hanging in the balance after it became the first advanced economy to ever be in arrears to the International Monetary Fund. It has been choppy between $1.0955 and $1.1279 this week in reaction to ever-changing developments in Greece. The International Monetary Fund...

  • WASHINGTON, June 30- The International Monetary Fund on Tuesday confirmed Greece had not made its 1.5 billion euro loan repayment to the Fund, making it the first advanced economy to ever be in arrears to the Fund. IMF spokesman Gerry Rice said Greece can now only receive further IMF funding once the arrears are cleared. Rice confirmed that Greece had asked for a...

  • But within a year from a sharp devaluation in early 2002 the country returned to economic growth- something that Greece must now crave, with its economy shrinking by more than 25 percent since 2009.. On Tuesday, German Chancellor Angela Merkel ruled out new negotiations with Greece until after it votes on a bailout proposal by creditors. That left Athens...

  • WASHINGTON, June 30- President Barack Obama said on Tuesday the financial crisis in Greece should not create a major shock for the U.S. economy, but warned that its fallout could dampen global growth and encouraged both sides to reach a deal. If a deal is not reached between Greece and its creditors in the coming hours, Athens would default on a loan to the...

  • *Greece just hours away from debt default. With billions of euros in locked-up bailout funds due to expire at midnight, the European Commission urged Greece to accept the proposed deal, while holding out hopes that some tweaks could still be possible. Greece submitted a new two-year aid proposal, while German Finance Minister Wolfgang Schaeuble told lawmakers...

  • WRAPUP 3-EU makes last-ditch bid to save Greek bailout Tuesday, 30 Jun 2015 | 8:57 AM ET

    *EU Commission calls on Athens to accept 11th hour offer. ATHENS, June 30- EU authorities made a last-minute offer to salvage a bailout deal that could keep Greece in the euro as the clock ticked down on Tuesday, with Germany warning that time had run out to extend vital credit lines to Athens. With billions of euros in locked-up bailout funds due to expire at midnight,...

  • The Latest: Turkey wants to help Greece recover Tuesday, 30 Jun 2015 | 3:23 AM ET

    Turkish prime minister says his country is ready to help Greece overcome its economic crisis and is offering to expand cooperation in areas such as tourism, energy and trade. Ahmet Davutoglu said Turkey wants to live "in peace," and has no interest in seeing Greece "languish." Turkey and Greece have been long-time foes but the two countries have sought to build...

  • ATHENS, Greece— Greece slipped deeper into its financial abyss after the bailout program it has relied on for five years expired at midnight Tuesday and the country failed to repay a loan due to the International Monetary Fund. With its failure to repay the roughly 1.6 billion euros to the IMF, Greece became the first developed country to fall into arrears on...

  • TOKYO— Asian stock markets bounced back Tuesday, recouping some of the previous day's sharp losses, but investors remained worried the crisis in Greece could spread to other financially weak countries. China's Shanghai Composite was down 0.6 percent at 4,052.47 while Australia's S&P/ASX 200 was little changed at 5,423.70. "Most traders are well prepped over...

  • *Shionogi soars after Credit Suisse's rating hike. TOKYO, June 30- Japan's Nikkei share average edged up on Tuesday after posting its second-biggest daily drop this year, but the market remained concerned after a collapse in Greek bailout talks intensified fears that the country could exit the euro zone. Greece will not pay a 1.6 billon euro loan instalment due...

  • DIARY- Top Economic Events to July 10 Monday, 29 Jun 2015 | 8:01 PM ET

    LONDON- Reserve Bank of Australia Governor Glenn Stevens speaks at an event hosted by Official Monetary and Financial Institutions Forum- 0840 GMT. LONDON- Bank of England's Paul Fisher speaks at the Financial Times Future of Insurance event- 0840 GMT. VIENNA- European Central Bank Governing Council member Ewald Nowotny to give a keynote speech at "Raiffeisen...

  • Michael Cloherty, head of U.S. rates strategy at Royal Bank of Canada's RBC Capital Markets unit in New York, said events in Greece did not significantly change the outlook for the Fed. "This isn't a' watch Greece' situation... While we have chaos in Greece, there are no signs of dramatic contagion yet, and that's why it doesn't change the Fed's tone, "he said.

  • NEW YORK— Tourists on holiday in Greece offered advice to others Monday: Bring extra euros. "We were finally able to get cash out of an ATM today, thankfully, since we are running out of euros we got in the U.S.," said Anthony Adornato, a college professor from Syracuse, New York, heading from Athens to the island of Kea with three other Americans. Richard Joplin, a realtor in...

  • *Euro STOXX 50 index- biggest one-day fall since 2011. June 29- U.S. stocks extended their losses in heavy trading on Monday, adding to a global selloff, after a collapse in Greek bailout talks intensified fears that the country could be the first to exit the euro zone. In Europe, the blue-chip Euro STOXX 50 index suffered its biggest one-day fall since 2011..

  • LONDON, June 29- Greece is almost certain to miss a 1.6 billion euro payment to the International Monetary Fund on Tuesday but it's touch-and-go whether it will have to leave the euro zone, a snap Reuters poll found. The poll of more than 70 economists and traders, taken on Monday after talks between Athens and its creditors broke down, concluded there was a median 90...