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  • *Meetings in Paris, London, Rome planned. ATHENS, Jan 31- New Greek Prime Minister Alexis Tsipras, striking a conciliatory note on debt talks after a turbulent start to office, has called the European Central Bank chief to assure him that Athens was seeking an agreement. But facing growing disquiet from partners led by Germany, Tsipras rang European Central Bank...

  • Greek leader tamps down rhetoric, vows to pay off debts Saturday, 31 Jan 2015 | 1:06 PM ET

    ATHENS, Greece— A day after Greece appeared on a collision course with its creditors, new radical left Prime Minister Alexis Tsipras has tamped down the rhetoric by vowing to pay off debts and not act unilaterally. Finance Minister Yanis Varoufakis, who had a tense meeting with Eurogroup leader Jeroen Dijsselbloem in Athens on Friday, has brought forward a trip...

  • MOSCOW, Jan 31- Russia's economy ministry said on Saturday it expected gross domestic product to fall 3 percent this year, more optimistic than many analysts' forecasts of a 4-5 percent drop. The economy has been hit by a sharp fall in oil prices and by sanctions imposed on Moscow for its role in the Ukraine crisis, leaving Russia facing its first year of recession...

  • MOSCOW, Jan 31- Russia's economy ministry said on Saturday it expected gross domestic product to fall 3 percent this year, more optimistic than many analysts' forecasts of a 4-5 percent drop. The economy has been hit by a sharp fall in oil prices and sanctions imposed on Moscow for its role in the Ukraine crisis, leaving Russia facing its first year of recession...

  • Germany, ECB play hard ball with Greece Saturday, 31 Jan 2015 | 9:01 AM ET

    *Merkel rejects a further debt haircut for Greece. BERLIN/ HELSINKI, Jan 31- German Chancellor Angela Merkel ruled out a debt writedown for Greece on Saturday, and a European Central Bank policymaker threatened to cut off funding to Greek banks if Athens does not agree to renew its bailout package. Alexis Tsipras has also promised to renegotiate agreements with...

  • MADRID— Hundreds of thousands of people marched through Madrid on Saturday in a show of strength by a fledgling radical leftist party, which hopes to emulate the success of Greece's Syriza party in the Spanish general election later this year. Podemos supporters from across Spain converged around the Cibeles fountain Saturday before packing the avenue...

  • SINGAPORE/ JAKARTA/ PARIS, Jan 31- The captain of the AirAsia jet that crashed into the sea in December was out of his seat conducting an unusual procedure when his co-pilot apparently lost control, and by the time he returned it was too late to save the plane, two people familiar with the investigation said. The Airbus A320 jet plunged into the Java Sea while en route...

  • WARSAW, Jan 31- U.S. energy major Chevron Corp said it will stop exploring for shale gas in Poland, a sector that has failed to live up to its early promise of transforming eastern Europe's energy supplies. Exxon Mobil, Total and Marathon Oil have also stopped shale gas exploration in Poland over the past three years. Governments in eastern Europe, especially Poland,...

  • Chevron to stop its shale gas exploration in Poland Saturday, 31 Jan 2015 | 6:24 AM ET

    WARSAW, Jan 31- U.S. energy major Chevron Corp said it will stop exploring for shale gas in Poland, a sector that has failed to live up to its early promise of transforming eastern Europe's energy supplies. Chevron's Polish unit "has decided to discontinue shale gas operations in Poland as the opportunities here no longer compete favorably with other...

  • PARIS/ ATHENS, Jan 31- Greek finance minister Yanis Varoufakis will meet with his French counterpart Michel Sapin in Paris on Sunday, the French finance ministry said on Saturday. Late on Friday, a source close to the French president's office told Reuters that President Francois Hollande and German Chancellor Angela Merkel "agreed that it is important to...

  • PARIS/ ATHENS, Jan 31- Greek finance minister Yanis Varoufakis will meet with his French counterpart Michel Sapin in Paris on Sunday, the French finance ministry said on Saturday. The meeting will take place at 5 p.m. local time on Sunday and the two ministers will make a joint statement to media at 6.30 p.m., the ministry said in a statement. No one at the Greek finance...

  • HELSINKI, Jan 31- A deal on extending Greece's bailout deal must be found by the end of February or the European Central Bank will not be able to continue lending to its banks, ECB council member Erkki Liikanen said on Saturday. Europe's bailout programme for Greece, part of a 240- billion-euro rescue package along with the International Monetary Fund, expires on...

  • Italy's lawmakers elect Sergio Mattarella as president Saturday, 31 Jan 2015 | 5:29 AM ET

    ROME— Sergio Mattarella, a Constitutional Court justice widely considered to be above the political fray, was elected Saturday as Italy's president in the third day of balloting by lawmakers. He quickly set as priorities attention to his country's moribund economy and the need for unity in Europe's fight against a "new season of terror." Italy is mired in...

  • VIENNA, Feb 1- The surging Swiss franc has dealt a double blow to homeowners in Austria, home of the trend for borrowing in the Swiss currency that has devastated mortgage holders across eastern Europe. In the early 1990 s, people living in the west of the country who crossed into Switzerland to work were lured by the ultra low interest rates offered in the...

  • Panasonic withdraws from TV production in China: Source Saturday, 31 Jan 2015 | 1:34 AM ET

    Panasonic Corp has stopped making TVs in China and plans to liquidate its joint venture in Shandong due to strong pricing pressure, a company source said on Saturday.

  • Panasonic withdraws from TV production in China: source Saturday, 31 Jan 2015 | 12:48 AM ET

    TOKYO, Jan 31- Panasonic Corp has stopped making TVs in China and plans to liquidate its joint venture in Shandong, a company source said on Saturday, the latest in a string of Japanese electronics companies exiting overseas TV markets amid strong pricing pressure. The source, who did not want to be identified because the move had not yet been announced to the...

  • AirAsia captain left seat before jet lost control Saturday, 31 Jan 2015 | 12:16 AM ET
    Indonesian officers move the flight data recorder of the AirAsia flight QZ8501

    The captain of the AirAsia jet that crashed into the sea in December was out of his seat conducting an unorthodox procedure when his co-pilot apparently lost control.

  • What slowing economy? US consumers are in a mood to spend Saturday, 31 Jan 2015 | 12:05 AM ET

    WASHINGTON— There's a good reason the U.S. economy is impressing the world right now despite a slowdown in the final three months of 2014: In a word, steadiness. Companies have been hiring at healthy rates for the past year. "This hasn't changed my picture on the strength and resilience of the U.S. economy," said Scott Anderson, chief economist at the Bank of the West.

  • SINGAPORE/ JAKARTA/ PARIS, Jan 31- The captain of the AirAsia jet that crashed into the sea in December was out of his seat conducting an unorthodox procedure when his co-pilot apparently lost control, and by the time he returned it was too late to save the plane, two people familiar with the investigation said. The Airbus A320 jet plunged into the Java Sea while en...

  • DIARY- Top Economic Events to Feb 12 Friday, 30 Jan 2015 | 7:01 PM ET

    SARASOTA, United States- Federal Reserve Bank of Atlanta Executive Vice President David Altig and Federal Reserve Bank of Dallas Senior Vice President Mine Yucel participate in "The Economic Outlook, Monetary Policy and Energy: Thoughts from Federal Reserve Research Directors" event hosted by the New College of Florida and the Global Interdependence...