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  • EU looks to start funding plan for small firms in May Tuesday, 17 Feb 2015 | 10:52 AM ET

    BRUSSELS— The European Union aims to start lending funds to small and medium-sized companies as soon as May under a 315- billion-euro investment plan meant to kick-start economic growth. The European Investment Bank gave the green light Tuesday to provide early financing for projects developed by companies with fewer than 3,000 employees.

  • ATHENS, Feb 17- A combative Greek Prime Minister Alexis Tsipras said on Tuesday his government would not succumb to blackmail from its euro zone partners and was in no hurry to reach a new debt agreement. His Syriza party intended to keep its promises to end the austerity imposed by the European Union and International Monetary Fund under Greece's bailout deals.

  • BRUSSELS, Feb 17- European Union finance ministers wielded enticements and veiled threats on Tuesday to press Greece to stay in an international bailout as financial markets slipped on fears of disruption if Athens' credit lines expire in 10 days time. If there is no deal on further financing this month, Greece could face a bank meltdown and run out of money as...

  • BRUSSELS, Feb 17- European Union finance ministers piled pressure on Greece on Tuesday to remain in an international financial rescue program as the euro weakened on fears of disruption when Athens' credit lines expire in 10 days time. "The next step is the responsible step," he said, offering no detail on what Athens was willing to propose. But time is short and...

  • BRUSSELS— The European Union has added 19 more individuals, including a Russian deputy minister of defense, on its sanctions list for their actions linked to the fighting in eastern Ukraine, in a move strongly criticized by Moscow. There was a week's lapse in the publishing of the list because of the negotiations which led to an agreement between Ukraine and...

  • GENEVA, Feb 13- A World Trade Organization dispute panel upheld most parts of a complaint against China on Friday in a case brought by Japan and the European Union challenging Chinese anti-dumping duties on high performance seamless stainless steel tubes. Japan brought the complaint in December 2012 to object to China hampering firms such as Nippon Steel&...

  • KIEV, Feb 13- Ukraine expects to receive up to $15 billion from debt talks with private sector creditors, a finance ministry spokeswoman said on Friday, after the International Monetary Fund announced a bigger, longer-term bailout plan. "Debt negotiations should lead to up to $15 billion," the spokeswoman told Reuters in an email. Of that sum, the IMF has pledged...

  • KIEV, Feb 13- Ukraine expects to receive up to $15 billion from debt talks with private sector creditors, a finance ministry spokeswoman said on Friday, after the International Monetary Fund announced a bigger, longer-term bailout plan. "Debt negotiations should lead to up to $15 billion," the spokeswoman told Reuters in an email. Of that sum, the IMF has pledged...

  • *IEA, OPEC, EIA see higher demand for OPEC crude. After an oversupply of world oil sent prices tumbling in 2014, top OPEC exporter Saudi Arabia urged fellow members not to prop up the market and to try to knock out competing sources like U.S. shale, which, because it has higher production costs, had to cut output when prices fell. In reports this week, The International...

  • BRUSSELS, Feb 12- Greece agreed on Thursday to talk to its creditors about the way out of its hated international bailout in a political climbdown that could prevent its new leftist-led government running out of money as early as next month. Prime Minister Alexis Tsipras, attending his first European Union summit, agreed with the chairman of euro zone finance...

  • BRUSSELS, Feb 12- Greek negotiators will meet officials of the troika of EU, ECB and IMF soon, most likely in Brussels on Friday, to prepare Monday's key Eurogroup meeting on debt talks, an EU official said on Thursday, raising hopes of a possible deal. EU officials said Dijsselbloem and Alexis Tsipras agreed not to issue a formal written statement on the move but to...

  • UNITED NATIONS, Feb 12- The United Nations Security Council on Thursday banned all trade in antiquities from war-torn Syria, threatened sanctions on anyone buying oil from Islamic State and al Qaeda-linked Nusra Front militants and urged states to stop kidnap ransom payments. Ambassador to the United Nations, Samantha Power, lamented that the council had not...

  • LONDON, Feb 12- European Union efforts to curb risk taking by banks look set to be watered down as key member states such as Germany shield "universal" lenders from more onerous rules, EU documents seen by Reuters on Thursday showed. But countries such as Germany and France have dragged their feet after introducing their own national reforms, which may overlap with...

  • BEIJING, Feb 12- China's Commerce Ministry expressed "regret" on Thursday after the United States challenged Chinese subsidies supporting billions of dollars of exports across industries from steel to shrimp. China consistently follows World Trade Organization rules and its policies are important measures to promote the healthy development of its...

  • *Russia and Ukraine agree ceasefire. They extended these gains after Russian president Vladimir Putin said Russia and Ukraine had agreed a ceasefire which will take effect from Feb. 15. This came as the International Monetary Fund announced a new $40 billion four-year funding programme for Ukraine.

  • KIEV, Feb 12- Ukrainian Prime Minister Arseniy Yatseniuk said on Thursday that a forthcoming IMF aid package presupposes "very difficult" reforms to fight corruption, overhaul the energy sector, cut state expenditure and reduce state bureaucracy. Yatseniuk said Ukraine expected $25 billion of IMF financial support as part of a four-year facility, including...

  • YATSENIUK SAYS FORTHCOMING IMF PROGRAMME PRESUPPOSES "VERY DIFFICULT" REFORMS TO FIGHT CORRUPTION, OVERHAUL THE ENERGY SECTOR, CUT STATE EXPENDITURE AND REDUCE STATE BUREAUCRACY.

  • YATSENIUK SAYS UKRAINE EXPECTS $25 BILLION OF IMF FINANCIAL SUPPORT IN FOUR-YEAR FACILITY, INCLUDING $17.5 BILLION TO STABILISE FINANCIAL SITUATION IN COUNTRY.

  • UKRAINE PM YATSENIUK, SPEAKING OF FUTURE IMF AID PACKAGE, SAYS 2016 COULD BE YEAR OF ECONOMIC GROWTH IF "RUSSIAN AGGRESSION" IS HALTED AND INTERNAL REFORMS ARE A SUCCESS.

  • MUMBAI, Feb 12- The United States will "push back very hard" against countries that target weaker exchange rates to gain an unfair trade advantage, Treasury Secretary Jack Lew said on Thursday, driving home concerns he expressed to the Group of 20 this week. He urged Europe to make greater use of fiscal policy to reinforce monetary stimulus to boost growth.