Economic Regions PIIGS

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  • MILAN/ LONDON, April 13- European shares rose on Wednesday to a two-week high as a rise in Chinese exports buoyed global stock markets, with mining stocks and banks among the best performers. The FTSEurofirst remains down around 6 percent so far in 2016, due partly to concerns about a China- led slowdown in the global economy. The latest update from China also lifted...

  • MILAN/ LONDON, April 13- European shares rose on Wednesday to a two-week high as a rise in Chinese exports buoyed global stock markets, with mining stocks and banks among the best performers. The FTSEurofirst remains down around 7 percent so far in 2016, due partly to concerns about a China- led slowdown in the global economy. The latest update from China also lifted...

  • BERLIN, April 13- Greece has to stick to its promised reforms as agreed in the international bailout programme in 2015, a spokesman for German Finance Minister Wolfgang Schaeuble said on Wednesday. "We will stick strictly to the programme," Martin Jaeger told a government news conference, adding that Schaeuble would meet his Greek counterpart at the end of this...

  • WASHINGTON, April 12- The International Monetary Fund warned on Tuesday of the risk of political isolationism, notably Britain's possible exit from the European Union, and growing economic inequality as it cut its global growth forecast for the fourth time in a year. In the run-up to its spring meetings in Washington this week, the IMF said chronic weakness had...

  • *Greece and lenders pause crucial bailout review talks. ATHENS, April 12- Greece and its international lenders adjourned bailout review talks on Tuesday, potentially delaying a crucial cash handout to the debt-stricken nation, and will resume them immediately after this week's IMF spring meetings. A positive review will unlock up to 5 billion euros in bailout...

  • Lenders, who had been in Athens for just over a week, will return next Monday after the IMF spring meeting in Washington with a view to concluding an agreement by April 22, when euro zone finance ministers are scheduled to meet, Finance Minister Euclid Tsakalotos told reporters. Greece's review of progress, under a bailout deal reached in July, has dragged on for...

  • BRUSSELS/ ATHENS, April 8- The EU and IMF met in Brussels on Friday to agree on how to coax Greece into more economic reforms linked to its bailout and unlock more funds, with one EU official saying they hoped for a deal by Sunday. Mission chiefs of Greece's European Union and International Monetary Fund lenders left Athens for consultations in Brussels, adjourning...

  • WEDNESDAY, APRIL 6 ST LOUIS- Federal Reserve Bank of St. Louis President James Bullard gives welcome remarks before a Homer Jones Memorial Lecture event- 2230 GMT. CLEVELAND- Federal Reserve Bank of Cleveland President Loretta Mester speaks on the U.S. and regional economic outlook and monetary policy before a joint Cleveland Association for Business...

  • *Says wants quick conclusion to Greece talks. *Lagarde says debt sustainability for Greece matters. BERLIN, April 5- Chancellor Angela Merkel said on Tuesday that a debt haircut for Greece was not possible so long it remains in the euro zone, adding that Germany wanted a quick conclusion of a bailout review.

  • NEW YORK, April 5- The dollar fell on Tuesday to its weakest level against the yen since October 2014 and stock markets worldwide slumped as economic data out of Europe and the United States fueled a retreat from riskier assets. Wall Street followed declines across Europe and Asia. In New York, shares of Dublin- based Allergan were hammered after the U.S. Treasury...

  • TUESDAY, APRIL 5 ARLINGTON, Texas- Federal Reserve Bank of Dallas President Robert Kaplan speaks on "Future of Business" before the University of Texas at Arlington Business Week Executive Dinner- 0000 GMT. HONG KONG- Federal Reserve Bank of Chicago President Charles Evans speaks on current economic conditions and monetary policy before the Credit Suisse...

  • *Greece restarts talks with lenders on bailout review. ATHENS, April 4- Greece urged its international lenders on Monday to conclude a key bailout review swiftly, as talks on its fiscal progress resumed after the leak of a transcript in which IMF officials apparently mooted scare tactics to get a deal. Greece signed up to a bailout worth up to 86 billion euros in...

  • BOSTON- Federal Reserve Bank of Boston President Eric Rosengren speaks on "A View on Cybersecurity and Financial Stability from the CEO" before the Federal Reserve Bank of Boston 2016 Cyber security Conference- 1415 GMT. OTTAWA- Bank of Canada will release its business outlook survey, a summary of interviews conducted by the central bank's regional offices...

  • FRIDAY, APRIL 1 NEW YORK- Federal Reserve Bank of Cleveland President Loretta Mester speaks on the economic outlook and monetary policy before the New York Association for Business Economics- 1700 GMT. OTTAWA- The Bank of Canada will release its business outlook survey, a summary of interviews conducted by the central bank's regional offices with the senior...

  • WEDNESDAY, MARCH 30 NEW YORK- Federal Reserve Bank of Chicago President Charles Evans speaks on current economic conditions and monetary policy before the Forecasters Club of New York- 1700 GMT. PARIS- Bank of France Governor Francois Villeroy de Galhau speaks in a hearing at the French Senate's finance committee- 0730 GMT. NEW YORK- Federal Reserve Bank of...

  • *German banks unlikely to take advantage of new ECB loan scheme. *Southern European banks seen as main beneficiaries. FRANKFURT/ MADRID March 29- As the European Central Bank moves into an unfamiliar world of negative interest rates and incentives to encourage banks to make loans to businesses and consumers, a north-south divide is opening up between euro zone...

  • TUESDAY, MARCH 29 NEW YORK- Federal Reserve Bank of New York President William Dudley is presider before an Economic Club of New York luncheon- 1600 GMT. AUSTIN, United States- Federal Reserve Bank of Dallas President Robert Kaplan participates in moderated Q&A session before the Austin Chamber of Commerce- 1700 GMT. AUSTIN, United States- Federal Reserve Bank of...

  • TUESDAY, MARCH 29 NEW YORK- Federal Reserve Bank of New York President William Dudley is presider before an Economic Club of New York luncheon- 1600 GMT. AUSTIN, United States- Federal Reserve Bank of Dallas President Robert Kaplan participates in moderated Q&A session before the Austin Chamber of Commerce- 1700 GMT. AUSTIN, United States- Federal Reserve Bank of...

  • LONDON- UK parliament Treasury Committee questions Finance Minister George Osborne on economic costs of EU membership- 1100 GMT. NEW YORK- Federal Reserve Bank of St. Louis President James Bullard speaks on the U.S. economy and monetary policy before the New York Association for Business Economics- 1215 GMT. TUESDAY, MARCH 29 NEW YORK- Federal Reserve Bank of New...

  • LISBON, March 22- Portugal's left-leaning government has set out to reverse its predecessor's austerity policies, aiming to grow its way out of trouble by boosting demand and set an example for other post-bailout euro zone countries. Any increase in purchasing power may be too slight to fuel the desired economic take-off, setting up a clash with Brussels soon.