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  • Germany set to approve Greek deal: Merkel ally Saturday, 21 Feb 2015 | 10:02 AM ET
    The national flag of Greece and the flag of the European Union fly above a government building in Athens.

    The German parliament is likely to approve an extension to euro zone funding for Greece, if Athens presents a list of reforms as promised.

  • After often ill-tempered negotiations, Greece secured late on Friday a four-month extension to euro zone funding, which will avert bankruptcy and a euro exit, provided it comes up with promises of economic reforms by Monday. Tsipras and his Syriza party won power last month on promises to end Greece's EU/IMF bailout programme and end cooperation with the...

  • ATHENS, Feb 21- Greek Prime Minister Alexis Tsipras said on Saturday that a funding agreement struck with euro zone ministers cancelled the previous conservative-led government's austerity commitments to the country's international creditors. "Yesterday we took a decisive step, leaving austerity, the bailouts and the troika," he said in a televised...

  • Obama begins sales pitch on trade to wary U.S. public Saturday, 21 Feb 2015 | 6:00 AM ET

    WASHINGTON, Feb 21- President Barack Obama on Saturday began a broad sales pitch to the U.S. public about the merits of free trade deals, an area in which he faces stiff resistance from many in his own Democratic party. Obama has said he wants to work with Congressional Republicans to finalize the Trans Pacific Partnership trade pact, an agreement that would...

  • *Economy and government "weren't strangled"- Athens. ATHENS/ BRUSSELS, Feb 21- Greece's left-wing government insisted on Saturday it had avoided being "strangled" by the euro zone, which agreed in principle to extend a financial rescue deal as nervous savers pulled huge sums from Greek banks. Athens said the deal struck late on Friday in Brussels should calm Greeks...

  • PARIS, Feb 21- U.S. real estate investment management firm CBRE Global Investors aims to raise 1.2 billion euros by selling 10 shopping malls in France and Belgium, according to French newspaper Le Figaro. Le Figaro said CBRE, which has $90.6 billion of assets under management, wanted to sell the malls because the fund for which it was operating them matures this...

  • HOUSTON, Feb 21- The U.S. refinery strike widened as workers at the nation's largest refinery walked off their jobs at 12 a.m. CST on Saturday, according to the United Steelworkers union. Shortly after talks between union and oil company representatives ended on Friday night, the union notified Motiva Enterprises of a strike by its members at the company's...

  • HOUSTON, Feb 20- The U.S. refinery strike was widening on Friday night as workers at the nation's largest refinery gave notice of a walkout beginning at 12 a.m. on Saturday, the United Steelworkers union said. The USW is also giving notices of strikes to begin in 24 hours at Motiva's refineries in Convent and Norco, Louisiana, and the Shell Oil Co. chemical plant in...

  • HOUSTON, Feb 20- The U.S. refinery strike was widening on Friday night as workers at the nation's largest refinery gave notice of a walkout beginning at 12 a.m. Saturday, said sources familiar with negotiations. Shortly after talks between union and oil company representatives ended on Friday night, the United Steelworkers union notified Motiva Enterprises of...

  • Shell says no agreement in U.S. refinery strike talks Friday, 20 Feb 2015 | 10:48 PM ET

    HOUSTON, Feb 20- Lead U.S. oil company negotiator Shell Oil Co said face-to-face negotiations on Friday with the United Steelworkers union failed to yield an agreement to end the 20- day-old U.S. refinery strike. Rumors about a tentative deal between the USW and Shell Oil, which is the U.S. arm of Royal Dutch Shell Plc, were being swapped through text messages, emails...

  • WASHINGTON, Feb 20- The White House said on Friday a deal between West Coast ports and the dockworkers union was "a huge relief" for the economy, businesses and workers affected by the lengthy labor dispute. President Barack Obama had received an update on the talks late on Thursday from Labor Secretary Tom Perez, whom he had dispatched to help resolve the dispute,...

  • WHITE HOUSE SAYS WEST COAST PORTS AGREEMENT IS' HUGE RELIEF' FOR U.S.

  • SAN FRANCISCO, Feb 20- Shipping companies and terminal operators clinched a tentative deal with the dockworkers union on Friday, settling a labor dispute that led to months of cargo backups at 29 U.S. West Coast ports and snarled trans-Pacific trade with Asia. The deal, confirmed by a source close to the situation, was reached after the U.S. labor secretary arrived...

  • RIO DE JANEIRO, Feb 20- Brazil's state-run oil company Petroleo Brasileiro SA plans to complete repairs to a broken catalytic cracking unit at its REDUC refinery by March 7, the union representing workers at the plant said in a statement on Friday. Until the recent decline in world oil and fuel prices, Petrobras was forced by Brazil's government to sell imported...

  • SHIPPING COMPANIES AND DOCKWORKERS' UNION REACH TENTATIVE DEAL IN CONTRACT TALKS FOR 29 U.S.

  • SAN FRANCISCO, Feb 20- Los Angeles wholesale gasoline differentials rose on Friday as traders and refineries bought product in a market hampered by two oil refinery outages. March-delivery CARBOB gasoline in Los Angeles rose 7 cents to settle at 28 cents a gallon over April RBOB futures on the New York Mercantile Exchange in active trading, sources said.

  • Feb 20- United Airlines has opened an internal investigation into its relationship with the former chairman of the Port Authority of New York and New Jersey, following a government probe, according to its annual filing on Friday. Media reports have said the government is probing whether United added direct flights from its Newark hub to an airport near a home of...

  • MOSCOW, Feb 21- Moody's Investors Service's downgrade of Russia's sovereign rating was based on "factors of a political character," Russian Finance Minister Anton Siluanov said on Saturday following news that the credit ratings agency had cut the rating to below investment grade. Moody's downgraded Russia's sovereign rating to Ba1 from Baa3, citing the...

  • DIARY-Top Economic Events to March 5 Friday, 20 Feb 2015 | 7:01 PM ET

    TOKYO- Bank of Japan will release the minutes of January policy meeting- 2350 GMT. LONDON- ECB Board member Yves Mersch takes part in a panel discussion on "The Benefits to Achieving a Capital Markets Union" at Dialogue on creating an EU Capital Markets Union organised by the London School of Economics and Political Science and Goldman Sachs- 1345 GMT.

  • Feb 20- McDonald's Corp and its franchisees may have few options but to begin raising hourly wages as an improving U.S. economy creates competition for good workers and as mega-employer Wal-Mart Stores Inc sets a higher bar on pay, according to labor experts. Wal-Mart on Thursday said it would increase entry-level pay to $9 an hour, a move it estimated would cost...