US stocks recover from a slump the day before

NEW YORK (AP) — Stocks ended higher Wednesday, recovering the most of their losses from the day before, as Greece appeared closer to resolving its latest debt issues.

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Schaeuble 'surprised' by Greek officials' upbeat comments

German Finance Minister Wolfgang Schaeuble said there was not much progress in the Greek debt talks and he was surprised by the upbeat tone from some Greek government officials, according to an ARD television interview on Wednesday. "One is hearing all ...

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We asked a pilot what happened when the Singapore Airlines jet lost both engines

Over the weekend, Singapore Airlines Flight 836, flying from Singapore to Shanghai, lost power mid-flight on both of its Rolls-Royce engines. According to Flightradar 24, the Airbus A330-343 experienced the problem while cruising at 39,000 feet. "These engines are designed to shutdown if they have severe problems," experienced A330 pilot Karlene Petitt told Business Insider in an email. "Good news is they are also designed to auto restart." Although she has never experienced a "dual flameout" in an A330, Petitt believes the "bad weather" may have caused an engine glitch. "Pilots never stop flying the plane, no matter what," Petitt said. "I'm so glad it turned out well."  The incident, which took place just south of Hong Kong, caused the airliner to descend 13,000 feet before the crew was able to restart the engines. The Airbus jet — registration number 9V-SSF — landed safely in Shanghai an hour and a half later. There were 182 passengers and 12 crew members on board the airliner. No injuries were reported. According to The Aviation Herald, Singapore Airlines confirmed that the A330 "experienced a temporary loss of power" after encountering some inclement conditions. Singapore Airlines #SQ836 lost power on both engines & lost 13,000 feet before power returnedhttp://t.co/l0m3uoLds6 pic.twitter.com/IOjO2FujsN — Flightradar24 (@flightradar24) May 26, 2015 Once on the ground in Shanghai, the two-month-old airliner underwent a batch of tests, but a cause for the power loss couldn't be determined, The Aviation Herald reported. Singapore's Air Accident Investigations Bureau is looking into the incident. When a jet like the A330 loses an engine, it's still certified to fly for as long as four hours on the remaining engine. Obviously, when a jet loses both engines, the situation is much more serious. However, pilots are trained to handle it. The A330-300 is a twin-engine midsize wide-body airliner and one of Airbus' top-selling aircraft types. The plane that experienced the problem was fitted with two Rolls-Royce Trent 772B turbofan engines Singapore has 31 Airbus A330-300s in its fleet. They fly routes across Asia and Australia.SEE ALSO: Here are the 10 best airports in Europe Join the conversation about this story » NOW WATCH: Watch a pilot squeeze his plane through this skinny canal in Greece

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Why people say 'bless you' after sneezing

It's allergy season again, so there's a lot of sneezing going around. Sneezing can be caused by crazy things like being too full, seeing a bright light, or even orgasm. For how common sneezing is — other animals sneeze too — scientists actually know very little about the phenomenon. In most cases, "a sneeze is designed to expel foreign particles and irritants from your airway, particularly your nasal cavity, and is a protective reflex, said Dr. Jonathan Moss of Charlotte Eye Ear Nose & Throat Associates, in an email. And what comes after a sneeze? In the US it's traditionally a "bless you." "The Greeks and Romans took sneezing as a sign of wellness and expressed their good wishes to the person who sneezed using the phrase 'live long,' or 'May Jupiter bless you,'" according to a Turkish scientific review of sneezing and itching published last year in Nasal Physiology and Pathophysiology of Nasal Disorders. But somewhere along the way, sneezing fell out of good graces. In the 14th century Pope Gregory VII asked that 'God Bless You,' become "a short prayer to be said after every sneeze to protect against the plague," said the authors in the review. Another potential response? The German word "Gesundheit," which means "health."  According to this amazing Wikipedia page of "Sneezing Responses" around the world, many countries around the world reference health and longevity in their sneezing responses, only some referring to God.  Leslie Baehr contributed to this post. SEE ALSO: How to sneeze properly READ MORE: Here's why you almost always sneeze more than once Join the conversation about this story » NOW WATCH: Here's Why Sneezing Is Good For You

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EU Commission Unveils Migrant Relocation & Resettlement Plan

The European Commission on Wednesday proposed measures designed to improve the management of migration, including through relocation and resettlement of a total of 60,000 migrants. Bulgaria’s combined allocation under the two schemes is 788 people. The proposed allocation of migrants was made according to each EU member state's GDP-per-capita, population and unemployment rate as well as the number of migrants each country has already accepted on its territory. The Commission is proposing to set up an emergency relocation scheme to assist Italy and Greece – the two countries that have been hardest hit by the wave of migrants arriving in Europe across the Mediterranean to escape armed conflicts in the Middle East and North Africa. “This scheme will apply to Syrian and Eritrean nationals in need of international protection who arrived in either Italy or Greece after 15 April 2015 or who arrive after the mechanism is launched. A total of 40,000 persons should be relocated from Italy and Greece to other EU Member States based on a distribution key over the next two years,” the EU executive said in a statement. Bulgaria will be allocated a total of 572 migrants under this scheme - 343 from Italy and 229 from Greece. The Commission also adopted a recommendation asking member states to resettle 20,000 people from outside the EU, in clear need of international protection as identified by the UNHCR, based on a distribution key over two years. Member states who participate in the scheme will be entitled to financial support, with the EU making EUR 50 M available in 2015-16. The allocation for Bulgaria under the resettlement scheme is 216 people. The proposals will now go before the European Parliament, where a majority has previously voted in favour. About 10 European governments, including central and eastern European, have opposed the plan, Spain and France have expressed reservations, while Britain's newly elected Conservative government, which wants to cut immigration, said it would not take part in either scheme.  Germany, which was allocated about one-fifth of all migrants under the plan, backed the proposals. "You can negotiate the allocation. It won’t be easy but the way is right," Reuters quoted Interior Minister Thomas de Maiziere as saying in Berlin. The proposals will also be discussed by the EU interior ministers on 15 June and by the EU summit in Brussels on 25-26 June.           

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ECB might ease Greek restrictions if aid deal likely

By Marc Jones LONDON (Reuters) - The European Central Bank might ease restrictions on how much short-term Greek government debt the country's banks can hold if becomes clear the euro zone will disburse long-awaited aid to Athens, a banking source said on Wednesday. The ECB has kept up pressure on cash-strapped Greece in recent months by capping the amount of Treasury bills the country's banks are allowed to hold, effectively cutting off the government's main borrowing channel. ...

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Germany Doesn't Anticipate Greek Deal Resolution Soon

The comments came after a senior Greek government official said earlier Wednesday that Greece and its creditors will start drafting the final list of ...

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EU to provide 240 million euros for sharing migrants

The Commission wants to pay EU members states for relocating 40,000 asylum seekers arriving in Greece and Italy across the European Union. This legal proposal was welcomed by the Secretary General of the United Nations, Ban Ki-moon, who called on member states to show solidarity. “It can only be a first step,” said German member […]

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Finland names right-wing populist as foreign minister

Life in the eurozone is about to get a little less comfortable for Greece. Finland’s popular new anti-bailout Foreign Minister Timo Soini hopes the cash-strapped country will exit the bloc.

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Greece Says Deal With Troika Close, Markets Up

Greece's Prime Minister said his country is close to reaching a deal with bailout creditors, prompting European stock markets to jump on hopes of a breakthrough in slow-moving, often acrimonious talks. The post Greece Says Deal With Troika Close, Markets Up appeared first on The National Herald.

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Dnipro v Sevilla: Europa League final – live!

Europa League final updates from the National Stadium in WarsawAnd email paul.doyle@theguardian.com or tweet @Paul_Doyle 8.47pm BST “What started as a great day for humanity has turned into a great afternoon for soccerball here in the USofA,” hollers Art Dubano. “ Gotta love Dnipro’s escapology but they’re doomed. My question is: Chelsea excluded, could any team in England beat this Sevilla over two legs? Lucky for my ManU, a win here sends Seville’s finest straight to the Group Stage of next year’s Champions League (getting past the possible likes of Leverkusen & Valencia is daunting enough).” Of course there are several other teams in England who could beat Sevilla, assuming Arsenal and Man City had their heads right. 8.35pm BST It’s been fun! Dnipro have been sloddier than expected at the back and sharper than expected up front. Sevilla remain the more nifty and look like they could score nearly every time they attack, but this Dnipro side seem swelled by a higher purpose and only a fool would dismiss their chances (no please excuse me as I delete the entry for the 33rd minute). 8.32pm BST 45+2 min: Krychowiak practically orders Martin Atkinson to book him, by upending Rotan as Dnipro lashed forward on a threatening coutner-attack. 8.31pm BST 45 min: Reyes weaves his way between two defenders and then hits the ground on the edge of the box. The ref is unmoved. Good decision. 8.30pm BST You just can’t write these Ukranians off! Rotan clips a dainty freekick over a higgeldy-piggeldy wall and into the net! Rico ran across fro the other side of the goal but could not get ot it in time to paw it out! 8.28pm BST 42 min: A pacey counter-attack by Sevilla concludes with a decent potshot from Vidal. Struck from well outside the area, the ball flies a yard over the bar. 8.27pm BST 40 min: Konoplyanka continues to be Dnipro’s main source of hope. Another probing run down the left, following by a well-aimed pass to Matheus puts Sevilla under pressure. They mobilise quickly to prevent Matheus from shooting or crossing from inside the area, and Dnipro must make do with a corner. 8.24pm BST The Dnipro's number 7 Jaba Kankava is the one who saved his opponent's life during a game last year. http://t.co/oQ2WDD0gHF 8.23pm BST 38 min: Now that’s encouraging! Konoplyanka cuts in from the left agan, then fires a fine effort towards the top corner from 22 yards. Rico stretches to tip it over the bar, but it was close enough to suggest there is still hope for Dnipro. 8.22pm BST 37 min: Freekick to Dnipro about 33.45 yards out, quite central. Rotan dinks it towards the penalty spot, but Bacca heads it away. 8.21pm BST 35 min: Konoplyanka comes off the left and shuffles towards the area, but his pass is misguided, eluding both Matheus and Kalinic in the box. 8.19pm BST 33 min: Not wishing to drive readers away or anything, but this match looks over: can’t see Dnipro scoring again, nor, indeed, avoiding the concession of more goals. If only this week was the 10th anniversary of some preposterous comeback in a European final from which they could take some inspiration ... 8.18pm BST That’s why they’re the top scorers in the tournament. Reyes bisected the defence with a foxy pass from deep, providing fitting reward for a shrewd run by Bacca. The Colombia takes one artful touch and then glides past the out-rushing keeper and slots the ball into the net! 8.14pm BST And there’s another key difference between Dnipro and the Greeks of 2004: because the Ukranians have not coped at all well with set-pieces, and this time they are punished! Dnipro failed to clear a freekick from the left and when the ball bounced to Krychowiak near the penalty spot, he sidestepped Matos thanks to a beautifully sly touch and then whacked a low shot into the net! The Pole then wheels away in jubilation - quite right too: if you can’t celebrate scoring in a European final in your home country, then poor you. 8.12pm BST 26 min: It’s an apt coincidence that Dnipro are wearing a very similar kit to the one worn by Greece in 2004, because their approach so far has been very similar, albeit without as much quality as the Greeks had. 8.10pm BST 23 min: Trémoulinas curls in another nasty cross from the left. Douglas boots it behind for a corner. Dnipro’s marking at the back post is surprisingly absymal, and Krychowiak pogoes before meeting the corner with a powerful header. Boyko shows great agility to push the ball behind for another corner. Dnipro deal with this one better. 8.07pm BST 20 min: Reyes cuts in from the right and cracks a low drive just wide. 8.07pm BST 19 min: Douglas has been impressive so far in the heart of Dnipro’s heavily-manned defence. You can see Sevilla players fretting every time he motions to intervene in a move. Can’t help thinking of the opening sequence to this tune every time he makes to enter the fray. 8.04pm BST 15 min: Konoplyanka scurries down the left and aims a cross towards Kalinic, who’s lurking dangerously in the centre. But Koloziejczak cuts it out and launched a Sevilla counter, which is crudely ended by Kankava’s trip: the yellow card darn near pops automatically from Martin Atkinon’s pocket like bread from a toaster. 7.59pm BST 13 min: A lovely inventive corner from Sevilla - featuring a deft flick in front of the near post from Bacca - presents Banega with a shooting chance, but it’s blocked again. 7.58pm BST 13 min: Excellent cross from Trémoulinas, who is constantly raiding forward down the left. Vitolo’s 12-yard shot is blocked. 7.57pm BST 11 min: See now, that’s exactly what Sevilla should not do at this stage: over-eagerness to equalise leads to silly decisions, such as attempting to swing the ball into the net from 30 yards as Banega did just now. The two team-mates who were in better positions glare at him ... 7.55pm BST 9 min: Manager Emery is swaying rather nervously on the sideline. It’s clear that going behind was the last thing he wanted against a side who revel in defending leads. And that lead has given Dnipro a visible lift, as they’re popping the ball about with a swagger now. 7.53pm BST A perfect counter-attacking goal! Kalinic flicked the ball wide and then hared off and demanded the return cross from Matheus, which duly arrived, and he nodded expertly into the net from eight yards! 7.52pm BST 6 min: Sevilla dominating possession so far and, surprisingly, they’ve got behind the Dnipro defence a couple of times already. And they believed they should have had a penalty just now when Reyes went down under a tackle from Rotan, but the ref waved play on. The wrong call, I think. 7.50pm BST 4 min: Banega lofts a long freekick in the area. Dnipro clear it easily, but Sevilla regain possession and Vidal sprints down the right and prepates to cross, but Dnipro regroup and stifle the move. 7.48pm BST 2 min: An early chance for Bacca to become only the fourth players in 10 European matches to score agaisnt Dnipro. The Colombia controls the ball nicely on his chest at the edge of the area but then bogs his shot way wide. 7.47pm BST 1 min: Off we go! And it’s a good old-fashioned red v blue battle, with Dnipro in blue and the Spaniads wearing the colour that angers bulls. 7.45pm BST The atmosphere at the stadium in Warsaw sounds fabulous. Both sets of fans are crooning harmoniously and very loudly. 7.44pm BST “I suspect the real disdain for the Europe League in England comes from the marketing men,” snorts Kevin Porter. “Competing in it ‘damages the brand’ for any club that aspires to the Champion’s League. Surely from a playing point of view Liverpool, Tottenham et al would welcome the opportunity to give a second XI experience of European competition, but then getting dumped out by Jablonec doesn’t look so good.” So field the first XI and go for it properly. Then again, there are some teams who do go for it but then pretend, after being eliminated, that they weren’t really that bothered. 7.36pm BST Jerzy Dudek kicks off the opening ceremony by marching out on to the pitch with the trophy in his safe hands before placing it on a podium, flashing a sincere smile and strolling off. No milking the acclaim, no pouting for the camera, just an honest-to-goodness grin and a friendly wave. What a nice man! His whole demeanour seems to say “go on then, try to be snide about me.” It’s a feelgood football day for sure. 7.27pm BST “Here in Seville there is a big screen in the Auditorium and even in the Collegio de Medicos there is an outdoor screen and one downstairs in the bar,” relates Henry Carter. “Please can you explain the snobbery about the competition in England?” Well, firstly, it’s not in all of England: Fulham and Middlesbrough fans were righteously joyful when they reached the final not so long ago. As for the others, there’s is a very crass snobbery, being down to them valuing money over glory. 7.11pm BST Dnipro: Boyko; Fedetskiy, Douglas, Cheberyachko, Leo Matos; Kankava, Fedorchuk; Matheus, Rotan, Konoplyanka; KalinicSubs: LAstuvka, Vlad, Seleznyov, BEzus, Gama, Luchkeyvch, Shakhov 6.45pm BST Every now and again football throws up wonderful, heart-warming tales – think Iraq winning the 2007 Asia Cup, Zambia being crowned African champions in 2012, Fifa suits being rounded up by the FBI this morning – and tonight Dnipro Dnipropetrovsk could add to the sport’s happy anthology. Yes, Dnipro’s a lovely story, the unheralded team from the fringes of the continent who have won no silverware of any sort for a quarter of a century but who have reached a major European final in the very season that they’ve been prevented by war from playing any ties at home. Dnipro’s odyssey has uplifted a whole nation, with the team’s defiance of daunting adversity inspiring all of Ukraine at a time of great peril. They are surely not the prettiest team to watch – their style is rooted in grit, gumption and a dollop of counter-attacking flair – but they are very much admired and victory for them tonight would be welcomed far and wide. So Sevilla find themselves cast in the uncharacteristic role of spoilsports. Their city duel with Real Betis notwithstanding, Sevilla are often the ones flying the flag for the underdog, being among the clubs that have to russle up a meal from the scraps that Barcelona and Real Madrid toss to the rest of Spain. So it would be quite a feat – and another indictment of Premier League clubs – if Sevilla tonight became the first team to win this trophy four times. You can be sure that Unai Emergy has devised a 45-point plan detailing how they can do precisely that (for more on Emery, check out this illuminating chat with Sid Lowe). Continue reading...

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Greek Economy Is Small, but Numbers Aren’t Trivial, Warns Canada’s Oliver

DRESDEN, Germany—Greece is a small economy but its impact on the global economy mustn’t be neglected, Canadian Finance Minister Joe Oliver said Wednesday, stressing the global interest to prevent a contagion from the Greek crisis. Speaking to The Wall ...

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Kipper Williams on Greek deal hopes

Greece claims bailout deal is close, as US urges swift action Continue reading...

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Greece: Nearly 12,000 immigrants entered illegally in April

ATHENS, Greece (AP) — Greece's coast guard says nearly 12,000 immigrants were arrested entering the country illegally last month — an almost seven-fold increase from the previous year.

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EU officials say Greece not close to debt deal

Greece's government has said it is starting to draft an agreement with creditors that would unlock another bailout installment for the cash-strapped country. But European officials quickly dismissed the reports.

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Tsakalotos: Talks include the conditions of additional aid

Greek Deputy Foreign Minister Euclid Tsakalotos told German newspaper Frankfurter Allgemeine Zeitung that both sides were not only discussing the terms for completing the current aid program, but that talks already included the conditions of additional aid. “Almost by ...

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Greek failure to pay IMF would be default, Canada’s Oliver says

A failure by Greece to meet its International Monetary Fund obligations would definitely constitute a default to that institution, Canadian Finance Minister Joe Oliver said.

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Greece owes drugmakers 1.1 billion euros, and counting

Cash-strapped Greece has racked up mounting debts with international drugmakers and now owes the industry more than 1.1 billion euros ($1.2 billion), a leading industry official said on Wednesday.

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Council of State to assess entry changes at model, experimental schools

The Council of State will have to rule on whether the recent hail of conditions for entry into model and experimental schools are in line with the Greek Constitution.

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National Bank of Greece (NBG) Stock Advancing on Debt Draft Speculation

NEW YORK (TheStreet) --Shares of the National Bank of Greece (NBG - Get Report) are higher by 7.60% to $1.35 in late morning trading on ...

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Greece says deal with creditors is close; markets rally

ATHENS, Greece (AP) — Greece's prime minister said Wednesday that his country is close to reaching a deal with bailout creditors, prompting European stock markets to jump on hopes of a breakthrough in the slow-moving, often acrimonious talks.

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Experts from Greece and creditors 'drafting loan deal'

Athens (AFP) - Technical experts representing Greece and its creditors are to start drafting Wednesday a long-awaited agreement that would release ...

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Poul Thomsen, Greece's favorite bogeyman

When the IMF’s point man on Greece, Poul Thomsen, rebuffed the nation’s proposal in December to unlock more bailout funding, he wound up making his job even tougher. The Greek government’s failure then to secure an agreement with its creditors helped ...

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IMF's Blanchard: Euro zone could cope with Grexit

The European Central Bank (ECB) has the means to contain the Greek debt crisis and the common currency could cope with a Greek exit, the International Monetary Fund's chief economist said. "We have analysed what could happen if the ...

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Inside Kos hotel where hundreds of migrants fleeing ISIS are bedding down

Hundreds of migrants have today arrived on the Greek holiday island of Kos - and are now squatting in a makeshift hotel on the island.The once luxurious hotel is now home to hundreds of migrants.

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Experts drafting Greek bailout deal

However, the Greek government insists there will be no further cuts to ... "The Greek prime minister will be in constant communication with other ...

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From Europe, Lew finds little leverage to push for Greek deal

WASHINGTON (MarketWatch) — The United States doesn't have much sway to get the parties in the Greek debt crisis to put aside their differences ...

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ECB holds Greek emergency funds steady as withdrawals slow

ATHENS: The European Central Bank on Wednesday left the amount of emergency funds available to Greek banks unchanged at 80.2 billion euros ...

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Greek Bonds Rise as Official Says Nation Close to Accord on Debt

A Greek official, who asked not to be identified, said an agreement that included changes to the nation's pension system and a long-term solution on ...

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US Government Bonds Pull Back as Worries on Greece Ease

Investors piled into haven Treasury bonds Tuesday, sending the 10-year note's yield to a three-week low, driven by renewed worries over Greece and ...

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Exclusive: Greece owes drugmakers $1.2 billion

Although Greece represents less than 1 percent of world drugs sales, it can have ... Some drugs imported into Greece are already re-exported to other ...

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Pound Drops Versus Euro as Greece Says Work to Start on Accord

Officials from Greece and representatives of creditor institutions are to start drafting the accord on Wednesday, a Greek government official said in an ...

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Turkish border officials 'allowing Syrian asylum seekers to holiday ferries into Greece'

Turkish border officials are allowing huge numbers of Syrian asylum seekers to cross into Europe on holiday ferries serving the Greek islands, a Telegraph investigation has found. Residents of Greece’s eastern Aegean islands say ferries carrying hundreds ...

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EU calls for 40000 asylum seekers from Italy, Greece to be relocated

EU member states should take in some 40,000 asylum seekers, mainly from Syria and Eritrea, who land in Italy and Greece over the next two years, ...

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U.S. urges EU, IMF to be flexible with Greece

By David Milliken and Jemima Kelly LONDON (Reuters) - The United States urged international creditors to show more flexibility in negotiations with Greece's cash-strapped government to avert a possible Greek default and exit from the euro zone with incalculable consequences. U.S. Treasury Secretary Jack Lew issued the warning on Wednesday in a stopover in London on his way to a meeting of Group of Seven finance ministers in Dresden, Germany. "My concern is not the goodwill of the parties -- I don't think anyone wants this to blow up -- but ... a miscalculation could lead to a crisis that would be potentially very damaging," Lew told students at the London School of Economics.

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Not much progress towards Greek deal yet

DRESDEN, Germany (Reuters) - There has not been much progress yet towards a deal for Greece, a German delegation source at a meeting of G7 finance chiefs said after Greece said earlier it was in the "final stretch" of talks to secure further aid. "We haven't got much further yet on this issue," the German source said, adding that Berlin was surprised about suggestions from Athens that an agreement was in sight. ...

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EU redistribution numbers for asylum seekers, refugees

The European Commission on Wednesday asked member states to admit 20,000 Syrian refugees from outside Europe and process another 40,000 asylum seekers from Syria and Eritrea landing in Italy and Greece.

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Tsipras: ‘Greece Is on the Final Stretch Toward a Bailout Deal’

Greek Prime Minister Alexis Tsipras told media on Wednesday afternoon that Greece is finally close to an agreement with its international creditors in order to receive the emergency cash it needs to avoid a potential default. “We took many steps. We are on the ‘final stretch’ toward a positive deal,” Tsipras said, while he added: “I want to assure the Greek people that we are negotiating, ensuring security and stability conditions for the Greek economy,” attacking at the same time those who for four months were predicting Greece’s bankruptcy. Tsipras reassured that his government will be able to fulfill its monthly wage and pension obligations at the end of the week. The announcement is of great importance, taking into account that securing a release of €7.2 billion in bailout cash is critical for Athens in order to meet its domestic and international obligations.

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US to urge Greece to end brinkmanship with creditors at G7 meeting

American Treasury secretary, Jack Lew, vows to use upcoming event to press Greece and European ministers to forge a rescue deal The US Treasury secretary has said he will use the G7 finance ministers’ meeting to press Greece and its European creditors to end their brinkmanship and forge a rescue deal.With the Syriza-led coalition scrambling to secure an agreement which will release the final €7.2bn (£5.1bn) tranche of bailout cash and prevent it defaulting on a looming payment to the International Monetary Fund (IMF), Jack Lew urged both sides in the ongoing Greek debt crisis to “treat every deadline as the last”. Continue reading...

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EU officials dismiss Greek statement on aid agreement being drafted

ATHENS (Reuters) - Greece's government on Wednesday said it is starting to draft an agreement with creditors that would pave the way for aid, but European officials quickly dismissed that as wishful thinking.

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Greece loan deal in the drafting stage

A deal to unlock another bailout installment for Greece has reportedly started to take shape. Experts are said to begin drafting an accord, signaling progress in protracted talks with international creditors.

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UPDATE 2-ECB halts emergency funding hike to Greek banks, outflows pick up

Greek banks have survived on the emergency liquidity assistance since ... the stabilisation of deposit outflows," a Greek government official added.

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FTSE 100 ends the day strongly

The FTSE 100 finishes the day strongly on hopes of a Greece deal and mergers and acquisitions activity.

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Euro, Greek bonds, eurozone stocks soar on reports Greek deal is near

On Wednesday, European and Greek markets got a boost after a Bloomberg report indicated that Greece and its creditors were drafting up a “staff ...

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Greek debt yields drop on debt deal prospects

LONDON, May 27 (Reuters) - Greek bond yields fell on Wednesday, dragging other lower-rated euro zone peers in their wake, on prospects of an ...

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Ban: more EU migrant relocation, less Mediterranean military

Ban Ki-moon says the EU should focus on saving migrant lives at sea rather than sinking smuggling boats. The European Commission has called for the redistribution of 40,000 migrants currently in Italy and Greece.

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Creditors say no deal imminent

Peter Spiegel, the Financial Times' Brussels correspondent, tweets that creditors do not believe a dela with Greece is imminent, as Greek premier Aleaxis Tsipras says.

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EU's Dombrovskis denies staff level agreement in Brussels

European Commission Vice President Valdis Dombrovskis said on Wednesday that Greece and its international creditors were not yet at the point of drafting an agreement, reacting to a comment from a Greek government official. The official told reporters earlier Wednesday that ...

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Greece at odds with creditors as definition of progress absent

Greece remained far apart from its international creditors on a deal to unlock needed bailout aid, with the two sides unable to even agree on the amount of progress made thus far.

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Euro strengthens as Greece works to draft deal with creditors

The euro rose against most of its major peers on speculation that Greece was moving closer to reaching a deal with its creditors, alleviating concern the indebted nation will exit the shared currency.

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