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  • In a televised address on Friday, Tsipras said a report by the International Monetary Fund which arguing that Greece's massive public debt could not be sustained without significant writedowns vindicated his advice to reject the lenders' terms. Repeating his assault on European partners he accused of blackmailing and issuing ultimatums to Greece, the...

  • BRUSSELS, July 3- The euro zone's rescue fund, Greece's largest creditor, said on Friday it reserved the right to call in 130.9 billion euros in debt ahead of schedule after Athens defaulted this week on an International Monetary Fund loan. Chief executive Klaus Regling made the recommendation rather than two other options- waiving the debt or demanding...

  • BRUSSELS, July 3- The euro zone's rescue fund, Greece's largest creditor, said on Friday it reserved the right to call in 130.9 billion euros in debt ahead of schedule after Athens defaulted this week on an International Monetary Fund loan. The board of the European Financial Stability Facility decided to reserve its rights to act at a later stage on the...

  • LONDON, July 3- Euro zone business activity expanded at its fastest pace in four years last month as the European Central Bank's stimulus package more than offset fears Greece could crash out of the currency union, surveys showed. Speculation that Athens would miss a 1.6 billion-euro repayment to the International Monetary Fund on Tuesday heightened...

  • *IMF warns Greece needs debt extension. July 2- U.S. stocks closed down slightly on Thursday after the International Monetary Fund warned Greece ahead of its Sunday referendum that it faces a huge financial hole, and mixed jobs data dampened the U.S. economic outlook. While the IMF was warning that Greece needed an extra 50 billion euros over the next three years to...

  • NEW YORK, July 2- U.S. stocks ended slightly lower on Thursday after the International Monetary Fund warned that Greece faces a financial hole ahead of its Sunday referendum, and as muted jobs data dampened the U.S. economic outlook. Based on the latest available data, the Dow Jones industrial average fell 30.5 points, or 0.17 percent, to 17,727.41, the S&P 500 lost...

  • *IMF warns Greece needs debt extension. July 2- U.S. stocks extended losses on Thursday after the International Monetary Fund warned Greece may need a large debt writeoff, and muted U.S. jobs data dampened the economic outlook. "The market seems to be paying more attention to what may happen with Greece as well as whether or not wage growth will pick up," said Omar...

  • *Warning that vote will decide Greece's future in Europe. ATHENS/ WASHINGTON, July 2- The International Monetary Fund delivered a stark warning on Thursday of the huge financial hole facing Greece as angry and uncertain voters prepare for a referendum that could decide their country's future in Europe. Days after Greece defaulted on part of its IMF debt, the Fund,...

  • US STOCKS-Wall St turns negative as IMF warns on Greece Thursday, 2 Jul 2015 | 12:13 PM ET

    *IMF warns Greece needs debt extension. July 2- U.S. stocks turned negative after the International Monetary Fund warned Greece may need a further large debt writeoff, and weak U.S. jobs data dampened the economic outlook. "The market seems to be paying more attention to what may happen with Greece as well as whether or not wage growth will pick up," said Omar Aguilar,...

  • DHAKA, July 2- The World Bank has upgraded Bangladesh, Kenya, Myanmar, and Tajikistan to its lower middle income classification from least developed countries while South Sudan has fallen back into the low-income group. Mongolia and Paraguay moved from lower middle-income status to upper middle-income, where income is $4,126 to $12,735 a year, the bank said,...

  • WASHINGTON, July 2- The International Monetary Fund warned on Thursday that Greece would need an extension of its European Union loans and a potentially a large debt writeoff if it grows more slowly than expected and economic reforms are not implemented. The Washington- based institution, which is part of a "troika" that includes the European Commission and...

  • July 2- The International Monetary Fund warned on Thursday that Greece would need an extension of its European Union loans and a large debt writeoff if it grows more slowly than expected and economic reforms are not implemented. The IMF warning in a preliminary draft of its latest debt sustainability report came as Greece readies for a Sunday referendum on an...

  • Brent futures were trading 29 cents higher at $62.30 per barrel at 0946 GMT. "Overall, production was supported by increased output from the Gulf of Mexico," Barclays said in a note following the publication of the data. Outside the United States, supply from the Organization of the Petroleum Exporting Countries rose to a three-year high of 31.60 million barrels...

  • July 1- Moody's cut its rating on Greece to' Caa3' from' Caa2' as the country became the first developed economy to default on a loan with the International Monetary Fund. Moody's said the likelihood of Greece obtaining support from its creditors had fallen since the ratings agency's prior review of the country in April. Greece, which defaulted on a 1.6 billion euro...

  • CARACAS, July 1- A World Bank tribunal has rejected Venezuela's request to recuse two arbitrators in a dispute with U.S. oil firm ConocoPhillips linked to the 2007 nationalization of the company's assets in the OPEC nation. The Oil Ministry said in March it asked the International Centre for Settlement of Investment Disputes to remove arbitrators Kenneth...

  • Moody's lowers Greece's ratings after default Wednesday, 1 Jul 2015 | 4:59 PM ET

    July 1- Moody's cut its rating on Greece to' Caa3' from' Caa2' as the country became the first developed economy to default on a loan with the International Monetary Fund.

  • *OPEC output at three-year highs in June- Reuters survey. The dollar's rally on Greece's debt default, Iran's renewed efforts to reach a nuclear deal with the West to freely resume its crude exports, and signs of OPEC output at three-year highs, further weighed on the market. But the overall feel is that we have more than enough crude and the market could be in a...

  • PARIS, July 1- Changing diets in emerging countries will boost global demand for meat and dairy products in the next 10 years, shifting grain supply towards livestock feed as use of crop-based biofuel is curbed by lower oil prices, the FAO and OECD said. In their annual Agricultural Outlook report released on Wednesday, the United Nations Food and Agriculture...

  • Reuters spoke to large U.S. money managers across several asset classes, and 15 of 21 said they expected Greek voters to answer yes to a question whether Athens should accept the proposal submitted by the European Commission, the European Central Bank and the International Monetary Fund on June 25. "Things will get increasingly dire in Greece as the week goes on...

  • *OPEC output rises to three-year high. LONDON, July 1- Oil fell to trade further below $63 a barrel on Wednesday after U.S. crude inventories unexpectedly rose, the latest sign of a supply glut that may increase if Iran reaches a nuclear deal with world powers. "The oil market is being literally flooded with OPEC crude oil at present," said Carsten Fritsch, analyst at...