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  • WASHINGTON, June 30- The United States is closely monitoring the situation in Greece and will keep urging all parties to help put Athens on a path to growth within the euro zone, the Treasury Department said on Tuesday. "The nonpayment by the Greeks to the IMF this evening kicks off a long-standing and well-established process at the IMF for addressing arrears," the...

  • *Asia cautious as Greece misses IMF loan payment. SYDNEY, July 1- Asian share markets were in a guarded mood on Wednesday as Greece became the first developed economy to default on a loan with the IMF, setting the scene for another day of uneasy action. Calming after two days of wild swings, MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.1...

  • URGES ECONOMIC REFORMS FOR GREECE AND FINANCING TO ACHIEVE DEBT SUSTAINABILITY.

  • SAYS WILL CONTINUE TO ENCOURAGE PARTIES TO PRESS FORWARD WITH NEGOTIATIONS THAT PUT GREECE ON PATH TO GROWTH WITHIN EURO ZONE- U.S.

  • *Greece not able to repay 1.6 bln euros owed to IMF. SINGAPORE, July 1- Oil prices fell in early trading on Wednesday after Greece became the first developed economy to default on a loan with the International Monetary Fund. Greece, as expected, was not able to repay 1.6 billion euros it owed to the IMF, in what was the largest missed payment in the Fund's history.

  • TOKYO— The mood among big Japanese corporations is unexpectedly upbeat despite recent data showing the recovery appears to be stalling. The Bank of Japan's quarterly "tankan" business survey released Wednesday showed a reading of 15 in June, up from 12 in March, for large manufacturers. Companies routinely overestimate their plans for spending in April-June,...

  • TOKYO, July 1- Confidence at big Japanese manufacturers unexpectedly improved in the second quarter and is seen rising further, a central bank survey showed, offering some relief to policy-makers keen to jump-start an economy appearing to back slide again. Taken together, the readings in Wednesday's Bank of Japan's closely-watched tankan survey appear to...

  • HONOLULU— A federal judge ruled Tuesday that a Maui County ban on the cultivation of genetically engineered crops is pre-empted by federal and state law and invalid. The county's ordinance creating the prohibition exceeded the county's authority, U.S. District Court Chief Judge Susan Oki Mollway said in her order. Monsanto Co. and Dow Chemical Co. unit...

  • LONDON- Bank of England publishes financial stability report, followed by Governor Mark Carney's news conference- 0930 GMT. FRANKFURT- European Central Bank Governing Council meeting. BERLIN- European Central Bank Governing Council member Jens Weidmann and Bundesbank Vice President Claudia Buch to participate in cabinet meeting of the federal...

  • SEOUL, July 1- Following are South Korea's preliminary export and import figures for June, released by the Ministry of Trade, Industry and Energy on Wednesday:. JUNE* MAY Balance 10.2 6.3 Exports 47.0 42.4 -1.8 -10.9 Imports 36.7 36.1 -13.6 -15.4* Revised figures released on June 15. NOTES:- Reuters poll: Exports were seen down 1.0 percent in June over a year earlier...

  • TOKYO, July 1- Confidence at big Japanese manufacturers unexpectedly improved in the three months to June and is seen rising further ahead, a closely watched central bank survey showed, underscoring the bank's view that growth is gathering momentum. The headline index for big manufacturers' sentiment rose from three months earlier to plus 15 in June, the Bank of...

  • WASHINGTON, June 30- The Federal Reserve is on track to raise interest rates this year, with September still "in play," a top Federal Reserve official said on Tuesday, despite growing market volatility and anxiety in the wake of Greece's debt default. Louis Fed President James Bullard shrugged off the impact of Greece's economic problems and said the Fed will...

  • *Asia cautious as Greece misses IMF loan payment. defensive in Asia on Wednesday as Greece became the first. Still, it surprised no one when the International Monetary Fund confirmed Greece had missed a payment on its debt, perhaps taking it a step closer to an exit from the euro.

  • 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- President Barack Obama will deliver a statement on Cuba in the White House Rose Garden on Wednesday at 11 a.m., the White House said.

  • OTTAWA, Ontario— The Canadian government has approved the sale of Cirque du Soleil to a group headed by a U.S. private equity firm and its Chinese partners. Industry Minister James Moore said Tuesday the application to acquire the famed circus troupe was deemed an overall economic benefit for Canada. TPG is acquiring a 60 percent stake, Chinese investment firm...

  • WASHINGTON, June 30- U.S. exporters large and small scrambled on Tuesday to urge foreign customers not to abandon deals supported by the U.S. Export-Import Bank, which will be forced to halt new business at midnight as its charter expires. Companies affected range from giants including aircraft maker Boeing Co and General Electric Co to small exporters of...

  • The Federal Bureau of Investigation said it was investigating the incident, which appeared to be the latest in a string of fiber cable cuts in the San Francisco Bay area over the last year, according to special agent Greg Wuthrich of the Bureau's San Francisco division. The cut took place in Livermore, a city about 40 miles east of San Francisco, Wuthrich said.

  • WASHINGTON, June 30- The International Monetary Fund on Tuesday urged Ukraine and its creditors to reach an agreement over debt restructuring after meeting with both sides in Washington. Agreeing on a debt restructuring is one of the conditions Kiev must meet under the IMF's $17.5 billion bailout program. "The Fund encourages Ukraine and its creditors to...