Stocks, bond yields fall on Greece worries, US data


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.


U.S. warns G7 of global economy 'accident' without Greece deal 7:14pm BST

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.


Some blame EU Commission for Greek obstinacy in debt talks 2:50pm BST

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.

It's not just up to Germany to help Greece - Schaeuble 2:50pm BST

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.

U.S. Lew urges broad deal on Greece now, focus on details later 1:57pm BST

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.

Greek bank deposits fall to lowest level in a decade - ECB data 12:27pm BST

FRANKFURT/ATHENS - Greek bank deposits fell by 5.6 billion euros (4 billion pounds) 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.


Greek crisis overshadows G7 growth talks 28 May 2015

DRESDEN, Germany - The head of the International Monetary Fund warned that Greece could fall out of the euro zone as it struggled to sort out its debt stand-off, which is adding to concern about the patchiness of global economic recovery. | Video

GLOBAL MARKETS-Greek drama weighs on sentiment; yen off, euro up 28 May 2015

* Yen hits lowest since 2002 versus U.S. dollar (Updates to U.S. market close, changes comment)


Greek government says hopes for deal with lenders by Sunday 28 May 2015

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.


No change in Greek debt talks after another day of spin 28 May 2015

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.