Greek shares plunge on first day of market reopen

The main Athens stock index, the Athex, ended the day down by 16.23% as trading resumed after a five-week closure.

Greece Awaits Troika’s Return As August ECB Payment Looms

Greece’s cash-strapped government is racing to meet another deadline as it tries to finalize a new bailout agreement before a payment on bonds held by the European Central Bank comes due on Aug. 20.

Greeks Work on Crafting Now-or-Never Reform Plan to Keep Euro

Greece is working against the clock on a package of proposed reforms to convince European leaders headed by German Chancellor Angela Merkel that it can keep the euro.

European markets are bracing for a wave of contagion from Greece

LONDON (Reuters) - European markets are braced for a wave of contagion from Greece on Monday, with heavy losses for southern European government bonds and regional stock markets expected as investors scramble to discount a possible "Grexit" that most had still assumed was unlikely as late as Friday afternoon.

Greece Just a Distraction With Fed Rate Hike Looming, UBS Says

As negotiations over Greece rattle traders, the more significant event that will dictate the future of equity markets is the first Federal Reserve interest-rate increase in nine years, UBS Group AG says.

Eurozone bank stress tests set for 2016: Report

Europe's banking supervisory board will carry out stress tests of big eurozone banks in 2016, according to an interview with the watchdog's president Daniele Nouy released on Sunday.

OECD slashes US forecast as gives global economy B minus

The OECD has slashed its US growth forecast for this year and next and given the global economy a "B minus" in its bi-annual assessment.

China clears last muni bond hurdle

Chinese authorities have removed the last hurdles on a massive local government debt swap that should also jump start the growth of a market-driven municipal bond market.

European Stocks Slide Amid Greek Aid Talks as Bonds Deepen Rout

European stocks fell for the first time in four days as investors watched developments in Greek bailout talks and euro-area government bonds slid.

Euro zone set to report solid growth, for a change

LONDON (Reuters) - With optimism building that the United States is already recovering smartly from another horrible start to the year, focus will shift this week to reports that may show the euro zone is finally shaking off half a decade of torpor.

European Central Bank Squeezes Greek Banks, Tightening Access to Loans

As Greece scrambles to secure a financing deal with Europe before running out of cash, the European Central Bank is tightening the vise on the country’s ailing banks by curtailing access to desperately needed emergency loans.

Greece demands €279bn from Germany in Nazi war reparations

Germany's economy minister branded Greece's demand for 278.7 billion euros in reparations from World War Two as "stupid" on Tuesday, while the German opposition said Berlin should repay a forced loan dating from the Nazi occupation.

Dollar Gains for Fifth Month as U.S. Economy Diverges From World

The dollar advanced for a fifth consecutive month as the U.S. moves closer to its first interest-rate increase since 2006, while policy makers from Japan, the euro-area and China pledge further stimulus to support growth.

ECB List of Failing Banks Shrinks If You Read Small Print

Most of the lenders that failed the European Central Bank’s balance-sheet test have been let off for good behavior.

German business confidence falls further, Ifo survey finds

Europe's largest economy has shown further signs of fragility, as a key indicator of German business confidence fell for a fifth successive month.

OECD slashes growth forecasts, urges aggressive ECB action

(Reuters) - The OECD slashed its growth forecasts for major developed economies on Monday, urging much more aggressive ECB stimulus to ward off the risk of deflation in a subdued euro zone.

Draghi's ECB surprise puts off bigger quantitative easing for now

(Reuters) - The European Central Bank's surprise interest rate cut and new schemes to bolster lending have allowed its president to swerve a thorny debate over full-scale money printing in the hope that such a move may never be needed.

France's economics ills worsen but all remedies appear unpalatable

Emmanuel Macron had been in his new job less than 48 hours when he dropped his bombshell. Picked by François Hollande to be economy minister after a row over austerity prompted a reshuffle, the young investment banker suggested that France could consider an end to its hallowed 35-hour week.

About-face for ECB's Draghi as he seeks to jolt euro zone into life

(Reuters) - Prodding governments to do more to boost demand and hinting at European Central Bank action to go along with it marks a major shift in ECB chief Mario Draghi's euro zone policy away from a focus on austerity toward reviving growth.

Yen Weakens on Reduced Haven Bid; Euro Near 2014 Nadir

The yen fell versus the euro as demand for havens deteriorated. The euro was about 0.3 percent from this year’s low versus the dollar after Germany’s economy contracted last quarter and France’s stagnated.