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  • IMF to Fed: Drop the dots Thursday, 25 Jun 2015 | 5:19 PM ET

    WASHINGTON, June 25- Now that International Monetary Fund head Christine Lagarde has told the Fed to wait to raise interest rates, the IMF staff has followed up with suggestions that the U.S. central bank remake its communications policy and, in a phrase, ditch the dots. The dot plot of interest rate projections issued by Fed officials every three months is...

  • NEW YORK, June 25- Global stock markets and oil prices edged lower on Thursday on lingering worries over Greece, though a Supreme Court ruling upholding tax subsidies drove U.S. hospital stocks to record highs. A failure on Thursday to clinch a deal between Athens and its three creditor institutions- the International Monetary Fund, European Central Bank and...

  • *Euro zone finmins end 3rd meeting without agreement on Greece. A failure on Thursday to clinch a deal between Athens and its three creditor institutions- International Monetary fund, European Central Bank and European Union- set up a last-ditch effort to reach agreement on Saturday in order to avoid a default next week. That's kind of holding markets back, "said...

  • *Greece for dinner, Britain for dessert- one official. BRUSSELS, June 25- Prime Minister David Cameron will tell European Union leaders on Thursday he needs a new deal to keep Britain inside the bloc, opening an argument over its future at a summit preoccupied with keeping Greece from crashing out. Freshly re-elected last month, Cameron faces difficult...

  • From menu of crises, Greece risks eating Europe's dinner Thursday, 25 Jun 2015 | 12:15 PM ET

    *Euro zone showdown with Greece could eat up time at summit. BRUSSELS, June 25- European Union leaders faced a daunting list of crises as they began their summit on Thursday, notably migrants crowding in at their southern borders, Russia growling in the east, Britain's threat to quit and a desperate need to create jobs. But a battle of wills between Greece and its...

  • UPDATE 1-IMF says 'on same page' with Europeans on Greece Thursday, 25 Jun 2015 | 11:07 AM ET

    WASHINGTON, June 25- The International Monetary Fund is "on the same page" with the Europeans on negotiations with Greece over a cash-for-reforms deal, a Fund spokesman said on Thursday. IMF spokesman Gerry Rice also said discussions on debt sustainability and financing for Greece will have to wait until Athens agrees and implements key reforms.

  • *Queen says EU needs Britain. BRUSSELS, June 25- Prime Minister David Cameron will pitch his renegotiation of Britain's relationship with the European Union at a summit on Thursday as leaders of the 28- member bloc grapple with an influx of migrants and the prospect of a Greek default. Just over 42 years since Britain joined the precursor to the EU, Cameron will...

  • BRUSSELS/ ATHENS, June 25- Greece's international creditors gave Athens an ultimatum to come up with a credible reform plan on Thursday warning they would otherwise put their own proposals to euro zone finance ministers for approval, a euro zone official said. The dramatic move came hours before European Union leaders meet in Brussels for a summit on migration,...

  • BRUSSELS, June 25- British Airways- owner IAG has offered concessions in an attempt to win European Union regulatory approval for its planned acquisition of a 25 percent stake in Ireland's Aer Lingus, the European Commission said on Thursday. IAG wants to expand lucrative transatlantic services from Dublin airport where there is spare capacity, unlike...

  • LONDON, June 25- Belgium has said EU-wide talks on Prime Minister David Cameron's plan to renegotiate Britain's relationship with the European Union are likely to be difficult and that his desire to exclude London from the bloc's aim of ever closer union is problematic. "Europe is something... you work on altogether and you try to achieve something altogether,"...

  • The single currency has bounced around in the $1.09- $1.14 area in recent weeks, with strategists arguing over the extent to which it has been affected by Greece's drawn-out talks with its creditors, as they try to agree on a cash-for-reforms deal to avoid a Greek default and exit from the euro. European Union leaders are due in Brussels for another summit later on...

  • European shares fall further on Greek worries, H&M down Thursday, 25 Jun 2015 | 3:08 AM ET

    LONDON, June 25- European shares fell for a second straight session on Thursday, with lingering concerns of a Greek debt default following a lack of progress in negotiations with its creditors prompting investors to cut their exposure to riskier assets like equities. European Union leaders are due in Brussels for a summit on Thursday. Hennes& Mauritz fell 2.2...

  • *Wall Street lurches lower as optimism for Greece talks fades. TOKYO, June 25- Asian shares edged down and the dollar was treading water in early Asian trade on Thursday, with investors on ice ahead of a meeting of European Union leaders later in the session as Greece continued last-minute efforts to avert a default. Athens's talks with creditors bogged down on...

  • *Meeting by European Union leaders later in day next in focus. TOKYO, June 25- The dollar steadied after giving back gains against the yen early on Thursday as debt negotiations to avert a Greek debt default hit a bump, while the euro treaded water after showing a more limited response. "Euro/dollar responded less compared to dollar/yen as underlying optimism that...

  • *Wall Street lurches lower as optimism for Greece talks fades. TOKYO, June 25- U.S. stock futures and the dollar were steady in early Asian trade on Thursday, with investors on ice ahead of a meeting of European Union leaders later in the session as Greece continued its last-minute efforts to avert a default. "Confidence that a deal with Greece will be sealed shortly...

  • LONDON, June 25- Business chiefs from companies including BT, easyJet and a local cider maker called on Prime Minister David Cameron to keep Britain in the European Union as he prepared to ask EU leaders for a new deal. A Eurosceptic group published a report this week arguing that Britain could prosper outside the EU, which Britain joined in 1973..

  • BRUSSELS, June 25- Prime Minister David Cameron will pitch his renegotiation of Britain's relationship with the European Union at a summit on Thursday as leaders of the 28- member bloc grapple with an influx of migrants and the prospect of a Greek default. Just over 42 years since Britain first joined the precursor to the EU, Cameron is trying to win a new...

  • *Street protests in Athens against more austerity. BRUSSELS, June 24- Negotiations to avert a Greek debt default stumbled on Wednesday and euro zone finance ministers accused Athens of refusing to compromise despite a deadline next week that could put it on a path out of the euro zone. Greece has to repay 1.6 billion euros to the International Monetary Fund next...

  • *With EU summit Thursday, Greece, creditors to keep talking. *Street protests in Athens against more austerity. BRUSSELS, June 24- Greece and EU finance ministers hit a new impasse on Wednesday as creditors accused Athens of failing to compromise despite a looming default next week that risks bouncing it out of the euro.

  • US STOCKS-U.S. stocks down on Greek debt crisis jitters Wednesday, 24 Jun 2015 | 12:50 PM ET

    *Apple rises; Netflix trims gains after Icahn comments. Tsipras is scheduled to meet the heads of the European Central Bank, the International Monetary Fund and the European Commission in Brussels before a meeting of euro zone finance ministers at 1300 p.m. ET. "The U.S. market is taking some signals from the weakness in Europe," said John Canally, chief economic...