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  • Greek Finance Minister Varoufakis delivers a speech during a banking conference in Athens
    Isolated in debt talks, Greek finance rebel gets the cold shoulder Reuters - Sat, 25 Apr, 2015 8:02 AM EDT

    By Robin Emmott and Ingrid Melander RIGA (Reuters) - As the buses carrying European finance ministers left for a gala dinner in the Latvian capital on Friday night, one of the party hung back at the hotel …

    Greek Finance Minister Varoufakis delivers a speech during a banking conference in Athens

    By Robin Emmott and Ingrid Melander RIGA (Reuters) - As the buses carrying European finance ministers left for a gala dinner in the Latvian capital on Friday night, one of the party hung back at the hotel and then wandered off alone into the dusk. Greece's Yanis Varoufakis had other dinner plans, he said, after a bruising …

  • Greece, European creditors fail to reach deal on bailout, need 'significantly more progress' The Canadian Press - Fri, 24 Apr, 2015 11:31 AM EDT

    RIGA, Latvia - Greece remains at loggerheads with its European creditors on an economic reform program required to unlock money the country will need to avoid a possible default and even an exit from the …

    Eurozone's top official says time running out for Greece to secure deal to avoid bankruptcy

    RIGA, Latvia - Greece remains at loggerheads with its European creditors on an economic reform program required to unlock money the country will need to avoid a possible default and even an exit from the ...

  • Euro zone warns Greece no cash till full reform deal Reuters - Fri, 24 Apr, 2015 10:32 AM EDT

    By Robin Emmott and Ingrid Melander RIGA (Reuters) - Euro zone finance ministers warned Greece on Friday that its leftist government will get no more aid until it agrees a complete economic reform plan, …

    Greek PM Tsipras and Finance Minister Varoufakis look on during the first round of a presidential vote at the Greek parliament in Athens

    By Robin Emmott and Ingrid Melander RIGA (Reuters) - Euro zone finance ministers warned Greece on Friday that its leftist government will get no more aid until it agrees a complete economic reform plan, as Athens lurches closer to bankruptcy. Greek Finance Minister Yanis Varoufakis faced a harsh morning in which euro …

  • Merkel - must prevent Greece running out of cash before deal Reuters - Thu, 23 Apr, 2015 6:29 PM EDT

    German Chancellor Angela Merkel said on Thursday everything must be done to prevent Greece running out of money before it reaches a cash-for-reform deal with its international creditors, amid heightened …

    German Chancellor Merkel and Greek Prime Minister Tsipras go to shake hands after addressing news conference in Berlin

    German Chancellor Angela Merkel said on Thursday everything must be done to prevent Greece running out of money before it reaches a cash-for-reform deal with its international creditors, amid heightened concern that Athens is nearing the brink. Merkel, Europe's pre-eminent leader, was speaking after a meeting she called …

  • Market liquidity drought raises alarm bells inside Fed Reuters - Thu, 23 Apr, 2015 11:30 AM EDT

    Chief among the Fed's concerns, increasingly voiced in public remarks, is that certain funds held by individuals and institutions will not have the underlying assets sufficient to back investors cashing …

    The United States Federal Reserve Board building is shown in Washington

    Chief among the Fed's concerns, increasingly voiced in public remarks, is that certain funds held by individuals and institutions will not have the underlying assets sufficient to back investors cashing out in a panic. The central bank's nightmare scenario is in surprising markets, exposing investors to the liquidity risks …

  • China's 'real' economy wants to be neither borrower nor lender Reuters - Thu, 23 Apr, 2015 5:20 AM EDT

    By Pete Sweeney SHANGHAI (Reuters) - Beijing is pushing trillions of yuan into its banking system to boost business investment and arrest slowing growth, but a combination of unwilling borrowers and selective …

    A clerk counts 100 Chinese yuan banknotes at a branch of China Merchants Bank in Hefei

    By Pete Sweeney SHANGHAI (Reuters) - Beijing is pushing trillions of yuan into its banking system to boost business investment and arrest slowing growth, but a combination of unwilling borrowers and selective lenders is blunting its efforts. As recently as Sunday the central bank cut the amount banks must keep in reserve …

  • China factory activity disappoints again, hopes pinned on U.S. and Europe Reuters - Thu, 23 Apr, 2015 3:32 AM EDT

    Manufacturing activity in Asia's top two economic powerhouses slowed further in April, a disappointing outcome that calls for yet more stimulus and puts pressure on the United States and Europe to do more …

    A man works with a made in China quilting embroidery machine at a factory outside Hanoi

    Manufacturing activity in Asia's top two economic powerhouses slowed further in April, a disappointing outcome that calls for yet more stimulus and puts pressure on the United States and Europe to do more of the heavy lifting to drive global growth. The flash HSBC/Markit Purchasing Managers' Index (PMI) for China fell …

  • Hyundai Motor Q1 profit falls as sales incentives rise, currencies drag Reuters - Thu, 23 Apr, 2015 3:22 AM EDT

    Hyundai Motor on Thursday posted its fifth consecutive drop in quarterly profit after South Korea's biggest automaker boosted sales incentives in the United States and weaker overseas currencies put a …

    A visitor looks at a Hyundai Motor Co's Grandeur sedan at its dealership in Seoul

    Hyundai Motor on Thursday posted its fifth consecutive drop in quarterly profit after South Korea's biggest automaker boosted sales incentives in the United States and weaker overseas currencies put a drag on offshore revenue. Hyundai Motor, which together with affiliate Kia Motors ranks fifth in global sales, said net …

  • Greek cash seen lasting into June, no EU deal imminent Reuters - Wed, 22 Apr, 2015 11:55 AM EDT

    ATHENS/BRUSSELS (Reuters) - Greece can scrape together enough cash to meet its payment obligations into June, euro zone and Greek officials said on Wednesday, playing down fears of an imminent default …

    Coeure, member of the Executive Board of the European Central Bank (ECB), gestures during the session 'The Global Economic Outlook' in the Swiss mountain resort of Davos

    ATHENS/BRUSSELS (Reuters) - Greece can scrape together enough cash to meet its payment obligations into June, euro zone and Greek officials said on Wednesday, playing down fears of an imminent default as hopes receded of a deal with its creditors to release fresh aid. The European Central Bank raised its ceiling on emergency …

  • U.S. economy to rebound in second quarter; strong dollar a threat: poll Reuters - Wed, 22 Apr, 2015 9:41 AM EDT

    U.S. economic growth is set to rebound in the second quarter, but a strong dollar could slow momentum and push the first interest rate hike from the Federal Reserve to later this year, a Reuters poll found. …

    People are seen walking through Roosevelt Field shopping mall in Garden City, New York

    U.S. economic growth is set to rebound in the second quarter, but a strong dollar could slow momentum and push the first interest rate hike from the Federal Reserve to later this year, a Reuters poll found. The survey forecast the fed funds rate at 0.375 percent at the end of the third quarter, down from 0.50 percent in …