Greece made a successful, if artificially engineered, return to the long-term capital markets last week for the first time since its international bailout in 2010, and just two years after imposing heavy losses on its private creditors.» Read More
*Greece returns to bond markets, ends four-year exile. *Greece sees sale as first step to end austerity, bailout.
The sale is a milestone for Greece. Greece has been relying on funds from international bailouts since May 2010— in return for which it has imposed a series of deeply unpopular spending cuts and tax hikes. The bond issue came a day before German Chancellor Angela Merkel was expected in Athens on a brief visit to meet with Samaras.
ATHENS, Greece— Greece is on the brink of escaping the financial wilderness. The ministry did not reveal the size of the bond sale, but a senior government official said Greece was initially seeking 2.5 billion euros— a tiny sum compared to the 240 billion-euro bailout package.
*Ukraine ready for harsh IMF medicine in return for bailout. KIEV, April 4- The Kiev government will stick to unpopular austerity measures "as the price of independence" as Russia steps up pressure on Ukraine to destabilise it, including by raising the price of gas, Prime Minister Arseny Yatseniuk told Reuters.
BEIJING, April 3- China's rating agencies are likely to keep a long-held assumption of government bailouts built into most ratings despite the country's first domestic bond defaults and warnings from Beijing that there is no blanket guarantee of support.
*Greece not considering follow-up international aid deal. April 1- Greece, fully funded for the next 12 months, hopes to finance itself on the market afterwards, but its euro zone peers say success depends on whether Athens delivers on the reforms it has promised so far.
Eurogroup president Jeroen Dijsselbloem, says he shares the optimism of the Greek government after it passed a key economic package to release more bailout money, but it is too early to say when the country can exit the program.
WASHINGTON, March 31- Top banks around the world benefit from an assumption that governments will rescue them during a panic, despite regulations meant to reduce the need for future bailouts, the International Monetary Fund said in a report on Monday.
ATHENS, March 31- Greece approved on Monday a contentious reform bill to secure bailout aid but the government was forced to expel a dissenting lawmaker, reducing its majority in parliament to just two seats.
LISBON, March 28- Portugal's chances of making a clean break from its international bailout in May are growing as its economic outlook gradually improves, borrowing costs slide, and some political dividends are seen for the government from going it alone. Prime Minister Pedro Passos Coelho has said the government will decide on what to do in April.
KIEV, March 28- The International Monetary Fund and Ukraine are discussing disbursement of $3 billion in the first tranche of a $14- 18 billion bailout package, Ukraine's finance minister said on Friday.
BANGALORE, March 27- The European Union's banking reforms will boost interbank business but won't end bailouts of failing lenders, economists polled by Reuters say.
March 27- The U.S. government plans to sell the bulk of its stake in bailed-out auto lender Ally Financial Inc, to raise up to $2.66 billion. Reuters reported in February that Ally Financial was hoping for an IPO of as much as $4.5 billion in a deal that would allow the U.S. government to make a profit on its bailout.
CNBC's Michelle Caruso-Cabrera reports the details of a "stand-by arrangement," by the International Monetary Fund to help usher in a new era for the post-Soviet Ukrainian economy.
KIEV, March 27- The International Monetary Fund has agreed a $14- 18 billion two-year bailout for Ukraine, a deal to help it recover from months of turmoil that will also unlock further credits making a total of $27 billion.
SINGAPORE/ KUALA LUMPUR, March 26- Even before the loss of its Flight MH370, Malaysian Airline System was bleeding cash, prompting talk that it may need another financial rescue from state investor Khazanah Nasional Bhd, its majority shareholder.
MOSCOW, March 20- Russia will not bail out companies who may face financial difficulties, Finance Minister Anton Siluanov said, as business owners worry about the impact of western sanctions over the government's moves to annex Crimea.
RUSSIAN FINANCE MINISTER SILUANOV SAYS GOVERNMENT CANNOT BAIL OUT COMPANY OWNERS AS IT DID IN 2008-2009 CRISIS.
SHANGHAI/ HONG KONG, March 19- A denial by China's central bank that it is involved in emergency talks to bailout a troubled property developer reinforced signals Beijing is now more willing to let banks and other investors take losses on loans. However, the reports "did not accord with reality", the People's Bank of China said in a post on China's Twitter- like Weibo.
KARLSRUHE, Germany, March 18- Germany's Constitutional Court upheld the legality of the euro zone's bailout fund on Tuesday, affirming a preliminary ruling back during the debt crisis in 2012 that gave a green light to the European Stability Mechanism.