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  • Greece pays IMF $836M one day early: Sources Monday, 11 May 2015 | 12:39 PM ET
    Greece debt crisis

    Greece paid about 750 million euros to the International Monetary Fund on Monday, a day before it was due, two Greek finance ministry officials told Reuters on Monday.

  • ATHENS, May 11- Greece paid about 750 million euros to the International Monetary Fund on Monday, a day before it was due, two Greek finance ministry officials told Reuters on Monday. Greece's government in recent days had insisted it would honour its obligations, but officials in the past have warned the country may not have enough money to make the payment.

  • BERLIN, May 11- Germany's economy could grow more in 2015 than the 1.6 percent the International Monetary Fund forecast in April if lower energy prices and the European Central Bank's bond-buying scheme feed through more than expected, the IMF said on Monday. Enrica Detragiache, assistant director of the IMF's European department, told a news conference in...

  • OPEC does not expect oil prices to consistently trade at $100 barrel again in the next decade, an assessment that has the group considering the return of production limits, the Journal said. OPEC decided against cutting output in November, despite a huge oversupply in world markets. The report recommends that OPEC return to a production quota system that it...

  • LONDON, May 11- The Bank for International Settlements has set up a working group aimed at creating a single global code of conduct for the foreign exchange market, the central banks' central bank said in a statement on Monday. Barclays, one of the top three players in the $5 trillion a day global currency market, is also likely to settle separate probes by Britain's...

  • FRANKFURT/ LONDON, May 11- Expectations of rising dividends and share buybacks from Europe's insurance companies are fading as ultra low interest rates make it harder for them to meet new capital regulations. With yields on some government bonds-- staple investments for insurers-- turning negative recently, the International Monetary Fund warned last month of...

  • LONDON, May 11- Prime Minister David Cameron is in a stronger position to reshape Britain's ties with the EU after being re-elected and the bloc will give him some of what he wants, former European Commission president Jose Manuel Barroso said on Monday. Barroso, who remains close to other European Union leaders, signalled there was a deal to be done.

  • LONDON, May 11- Greek bond yields edged up on Monday as euro zone finance ministers met to discuss a cash-for-reforms deal for Athens which faces the first of a series of large debt repayments this week. A senior euro zone official told Reuters that Athens has easily enough money left to pay a crucial 750 million euro debt installment to the IMF on Tuesday, the first...

  • FOREX-Euro slips on unease over Greek talks Monday, 11 May 2015 | 4:18 AM ET

    LONDON, May 11- The euro slipped against the dollar on Monday, as many investors took a pessimistic view of the latest round of euro zone talks on a cash-for-reform deal for Greece. Greece, which must repay a 750 million euro loan to the International Monetary Fund on Tuesday, faces the risk of defaulting on debt repayments and being forced out of the euro zone.

  • LONDON, May 10- With optimism building that the United States is already recovering smartly from another horrible start to the year, focus will shift this week to reports that may show the euro zone is finally shaking off half a decade of torpor. The 19- member currency union has been a millstone around the global economy's neck ever since the financial crisis...

  • ATHENS, May 9- Greece's main debt negotiator called on the European Union and the International Monetary Fund to show their willingness to break an impasse in debt talks, ahead of a crucial meeting of euro zone finance ministers on Monday. Prime Minister Alexis Tsipras' leftist-led government, which came to power promising to end the austerity terms under...

  • BRUSSELS, May 8- The European Union and the United States are close to completing negotiations on a deal protecting personal data shared for law enforcement purposes such as terrorism investigations, three people familiar with the matter said. However, talks have been hampered by the lack of a right for EU citizens not resident in the United States to go to U.S....

  • Italy's Renzi presses for EU-U.S. trade deal Friday, 8 May 2015 | 10:56 AM ET

    FLORENCE, Italy, May 8- Italian Prime Minister Matteo Renzi backed the planned free trade deal between the European Union and the United States, saying on Friday it would be an "own goal" to let the opportunity for an agreement slip. According to some estimates, the proposed Transatlantic Trade and Investment Partnership could unlock $100 billion a year in...

  • Sometimes called financial deepening, deeper markets and better access to financial services can still spur economic growth, especially in emerging markets, but this is not an endless process, according to a new study by the International Monetary Fund. "Our analysis uncovers evidence of' too much finance' in the sense that beyond a certain level of financial...

  • *OPEC will likely stick to market share at June meeting- delegate. NEW YORK, May 7- Oil fell 2 percent on Thursday, wiping out gains from the past two sessions, as euphoria from the first U.S. inventory drawdown in months faded and focus returned to oversupplies in crude and gasoline. Brent futures were down $1.56 at $66.21 a barrel by 11:10 a.m. EDT, losing all they...

  • *OPEC will not cut output alone- Gulf delegate. LONDON, May 7- Brent crude oil retreated below $67 a barrel on Thursday as ample supplies weighed on prices and the impact faded of the first drawdown in U.S. crude inventories since January. Brent crude was down 97 cents a barrel at $66.80 by 1353 GMT.

  • *Indonesia left OPEC in 2008 on becoming net oil importer. JAKARTA, May 7- Indonesia's energy minister said on Thursday he would seek President Joko Widodo's approval for the country to rejoin OPEC, seven years after leaving the oil exporters' group. OPEC termed Indonesia's departure a "suspension" and Ecuador, which rejoined in 2007, set a precedent for a return...

  • *OPEC will not cut output alone- Gulf delegate. LONDON, May 7- Brent crude oil headed up towards 2015 highs above $68 a barrel on Thursday after official data showed the first drawdown in U.S. crude inventories since January, evidence the market there is balancing after months of heavy oversupply. Brent crude was up 50 cents a barrel at $68.27 by 0845 GMT.

  • *OPEC will not cut output alone- Gulf delegate. SINGAPORE, May 7- Oil prices eased on Thursday after hitting 2015 highs in the previous session, as an OPEC delegate indicated the group would stick to a strategy of pursuing market share rather than cutting output and traders took profits after a multi-week rally. Brent crude was trading 13 cents lower at $67.64 per...

  • *Indonesia left OPEC in 2008 after becoming net oil importer. JAKARTA, May 7- Indonesia's energy minister said on Thursday he would ask for President Joko Widodo's approval for the country to rejoin OPEC seven years after leaving the oil exporters' group. It was not immediately possible to confirm with OPEC that it had offered to let Indonesia rejoin the group or...