Many issues remain unsolved between Greece and its lenders and agreement at next Monday's Eurogroup meeting of euro zone finance ministers is now not possible, Eurogroup chair Jeroen Dijsselbloem said.
Europe
Oil on verge of weekly decline despite strong China imports
Crude oil prices edged down on Friday, set for their first weekly decline in more than a month as concerns over a global supply glut outweighed strong Chinese crude imports.
Syngenta rejects $45 billion Monsanto takeover offer
Agrochemicals firm Syngenta on Friday rejected a $45 billion takeover offer from Monsanto, saying the offer undervalued the Swiss firm and did not fully take into account regulatory risks.
Bonds and stocks rebound, sterling soars after UK election
World bond and stock markets rose on Friday after a bruising week and sterling jumped to a two-month high after the business-friendly Conservative party won Britain's national elections.
EU's Juncker fears Grexit talk could roil markets
European Commission President Jean-Claude Juncker said on Thursday he would not raise the possibility of Greece leaving the euro zone, in part at least due to the effect that would have on financial markets.
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Euro zone businesses started the second quarter with healthy growth as a buoyant order book again encouraged them to hire more, a survey showed on Wednesday.
A worldwide sell-off in government bonds deepened on Wednesday, with the rise in long-term borrowing costs to their highest level this year spreading unease across all assets and putting stock markets under pressure too.
Greece's euro zone partners are not discussing the prospect of the country leaving the currency union and might offer concessions to Athens' original bailout program, Portugal's finance minister said on Tuesday.
French gas and power group GDF Suez (GSZ.PA) is interested in some of the activities of nuclear firm Areva (AREVA.PA), a spokesman for the company said on Monday.
Italy's Exor (EXOR.MI) said on Monday it remained fully committed to its $6.4 billion offer for PartnerRe (PRE.N) after the Bermuda-based reinsurer rejected its attempt to trump a bid by Axis Capital Holdings (AXS.N).
Greece intends to meet debt payments this month and reach a deal with its international lenders to unlock remaining bailout aid, but the International Monetary Fund insists on tough labor reforms, the country's labor minister said on Monday.
European shares rose on Monday, led higher by Germany after upbeat factory activity, while the dollar steadied following signs the U.S. economy may be emerging from a recent soft patch.
Central bankers and finance ministers from China, Japan and South Korea said on Sunday they remained committed to policies to support demand in the face of moderate and uneven global growth.
Negotiations between Greece and its international lenders over reforms to unlock remaining bailout aid have made headway and an agreement could be closer this month, a government official said on Sunday.
