CAMBRIDGE, Massachusetts (Reuters) - The Massachusetts Institute of Technology on Wednesday named Rafael Reif, an electrical engineer born in Venezuela who has been the university's provost since 2005, as its 17th president. Reif, 61, replaces Susan Hockfield, the first female president of MIT, who announced in mid-February that she was stepping down after almost eight years leading one of the most prestigious universities in the United States. Reif will take up his post at the Cambridge, Massachusetts, university on July 2, the first MIT president not to be a native English speaker. ...

FRANKFURT/ATHENS (Reuters) - The European Central Bank has stopped offering liquidity to some Greek banks it does not consider solvent, and international concern about the euro zone rose as Athens called new elections that look set to be won by parties opposing austerity measures. Fears that Athens is on the brink of crashing out of the euro zone and igniting a renewed financial crisis have rattled global markets and alarmed world leaders, with Greece set to figure high on the agenda at a G8 summit later this week. ...