NEW YORK - Global equity markets and bond yields both fell on Friday, as data showed the U.S. economy contracted in the first quarter and as investors were unnerved by mixed signals from Greece's debt talks.
DRESDEN, Germany - The United States warned on Friday of a possible accident for the world economy if Greece and its creditors miss their June deadlines to avert a debt default.
BRUSSELS - Damned if you do, damned if you don't. Some euro zone countries are accusing the European Commission of giving Greece false hope of new loans for less reform effort, but they still want Brussels to find a way to keep a defiant Athens in the euro.
DRESDEN, Germany - German Finance Minister Wolfgang Schaeuble said on Friday that it was not just up to Germany to help Greece, saying this was a task for the whole of the euro zone.
DRESDEN, Germany - Greece and its creditors need to quickly agree on a broad deal to address the Greek debt crisis and then work out the details before Athens hits deadlines for repayments, U.S. Treasury Secretary Jack Lew said on Friday.
FRANKFURT/ATHENS - Greek bank deposits fell by 5.6 billion euros ($6.15 billion) in April, European Central Bank data showed on Friday, as the pace of outflows picked up and took the balance to its lowest level in more than a decade.
- U.S. stocks eased on Thursday as mixed messages about Greece's debt talks kept investor uncertainty high along with a sharp drop in Chinese shares after brokers tightened margin rules.
BRUSSELS - The euro leapt, Greek bond yields fell, global financial markets brightened, but nothing actually changed in another day of conflicting statements on Greece's long-running debt talks with international creditors.
ATHENS - Greece's government intends to reach an agreement with its lenders on a cash-for-reforms deal by Sunday, its spokesman said on Thursday, brushing off comments from euro zone officials suggesting a deal was far from imminent.
DRESDEN, Germany - Greece will not be able to get the money still available under its current bailout plan if it does not agree the outline of a reforms-for-cash deal with creditors by the end of next week, a euro zone official said on Thursday.