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Greek rescue fund worried stress test delays may deter investors

By George Georgiopoulos ATHENS (Reuters) - Leaders of Greece's bank rescue fund are worried that lengthy talks with foreign creditors over a health check of the top four Greek banks may put off investors looking to take part in the privatization of one of the country's biggest lenders. Uncertainty over what capital needs the four lenders may face is holding back the privatization of No. 3 lender Eurobank <EURBr.AT> that would be a vote of confidence for the battered sector and its prospects to return to private hands.

Greek rescue fund worried stress test delays may deter investors

By George Georgiopoulos ATHENS (Reuters) - Leaders of Greece's bank rescue fund are worried that lengthy talks with foreign creditors over a health check of the top four Greek banks may put off investors looking to take part in the privatization of one of the country's biggest lenders. Uncertainty over what capital needs the four lenders may face is holding back the privatization of No. 3 lender Eurobank <EURBr.AT> that would be a vote of confidence for the battered sector and its prospects to return to private hands.

Greece's NBG to stay private

The National Bank of Greece (NBG), one of the country's four main lenders, said on Thursday it had mustered the necessary capital increase to remain private. "The minimum participation of the private sector in capital increase, as set by law, has been achieved," the bank said in a statement. Details over the funds raised, which according to the bank exceed the necessary ten percent, will be provided at a later date, the bank said.

US stocks rise on Cyprus deal; S&P near record

US stocks moved higher Monday, with the S&P just shy of its record closing, after a last-minute deal to resolve the Cyprus banking crisis bolstered markets in Europe and Asia. About 30 minutes into trade, the Dow Jones Industrial Average gained 48.25 (0.33 percent) to 14,560.28. The broad-based S&P 500 increased 7.49 (0.48 percent) to 1,564.38, while the tech-rich Nasdaq Composite Index jumped 13.97 (0.43 percent) to 3,258.97. The S&P 500 was less than a point from its all-time closing high.

US stocks rise on hopes of Cyprus deal

US stocks closed Friday firmly higher amid hopes that the Cyprus banking crisis will be resolved this weekend. The Dow Jones Industrial Average finished up 90.54 points (0.63 percent) at 14,512.03. The broad-based S&P 500 increased 11.09 (0.72 percent) to 1,556.89, while the tech-rich Nasdaq Composite Index jumped 22.40 (0.70 percent) to 3,245.00. The rebound followed market losses Thursday due to some weak earnings reports and uncertainty about Cyprus. "We're taking back a lot of the losses we've seen," said Anthony Conroy, a trader at BNY Convergex Group.

Factbox - Cyprus parliamentary vote unlikely to pass

NICOSIA (Reuters) - Cyprus's parliament is due to discuss later on Tuesday a levy on bank deposits agreed at the weekend as part of a bailout deal to avert an imminent default for the euro zone state. A government official said on Tuesday that parliament is likely to reject the move. But as a rejection would effectively block a bailout that Cyprus needs to keep its banks afloat and the government paying wages and welfare, it was not clear if the vote, scheduled after 1600 GMT, would actually go ahead.

FTSE snaps three-day rally after miner weakness

By Alistair Smout LONDON (Reuters) - The FTSE 100 fell on Friday after a three-day rally, as investors backed away from riskier sectors and U.S. GDP figures came in below expectations. Material and energy stocks, which are sensitive to optimism over the global economic outlook, took 26 points off the FTSE 100, dragging the index into negative territory.

GLOBAL MARKETS-U.S. bonds, world shares fall after Fed minutes

* World shares slip as Fed hints at tighter policy * 10-yr Treasury yields hit highest since May * Dollar index extends rally By Rodrigo Campos NEW YORK, Jan 3 (Reuters) - U.S. Treasury debt prices slid and world stocks reversed course and dipped on Thursday after minutes from the latest meeting of the Federal Reserve's policy committee showed rising concern about the Fed's policy of buying bonds to stimulate growth. The Federal Open Market Committee's minutes also extended a rally in the U.S.
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