Greece sees reforms deal with lenders in next 10 days

ATHENS - Greece expects to reach a cash-for-reforms deal with its creditors in the next 10 days and aims to meet all its payments in June, the government's spokesman said on Friday, after the prime minister met with EU leaders.

Recent Business News

Lufthansa CEO advocates random psych tests for pilots: FAZ

FRANKFURT - Random checks of pilots' psychological fitness could help reduce risks in the aviation sector, Lufthansa Chief Executive Carsten Spohr said in his first newspaper interview since the crash of a Germanwings plane in March.

5:24am EDT

China, India likely to be biggest shareholders in AIIB

SINGAPORE - China is likely to hold a 25-30 percent stake in the new Asian Infrastructure Investment Bank (AIIB) while India will be the second-biggest shareholder, delegates said on Friday after a three-day meeting of the bank's founding member-nations.

5:11am EDT

ECB's Draghi urges Europe to reform to brighten dim prospects

SINTRA, Portugal - The president of the European Central Bank called on euro zone countries to reform their economies, warning that future growth, in the face of entrenched unemployment and low investment, will be modest.

7:23am EDT

Monte Paschi signs underwriting agreement with banks for cash call

MILAN - Banca Monte dei Paschi di Siena said on Friday it had signed an underwriting agreement with a pool of banks to subscribe to the lender's planned 3-billion-euro rights issue.

3:11am EDT

U.S. drivers yield 'swing' oil demand crown to Saudis

NEW YORK - As the United States raced over the past five years toward becoming a global petroleum powerhouse, the world's biggest oil exporter Saudi Arabia quietly seized a market milestone from America: the largest source of peak summer demand.


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