Search Results for: Greece
Greeks Add Pressure on Tsipras to Compromise as Talks Resume
April 27th, 2015
Greece resumed efforts to break a deadlock with its creditors as weekend polls showed a majority of the country’s people want the government to make compromises needed to release funds for its economy. Two opinion polls published over the ...
Central Banks Will Be Busy This Week, But Their Ability To Boost Global Business Is In Doubt
April 27th, 2015
Most big central banks have been easing policy since the beginning of the year and are set to do more, but it still isn’t clear whether that new activism, which has pushed stock markets to record highs, will help ...
Greek PM still in talks with Merkel over a debt deal
April 27th, 2015
Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel agreed in a phone conversation yesterday to maintain contact during talks between Athens and its lenders to reach a debt deal, a Greek government official said. “During their communication, ...
Dollar on defensive after more weak U.S. economic data
April 27th, 2015
The dollar started the week on the defensive on Monday after more disappointing U.S. economic data reinforced expectations the U.S. Federal Reserve will not hike interest rates any time soon, while concerns about Greece‘s debt talks pressured the euro. ...
Varoufakis Said to Take Hammering From Riled EU Ministers
April 24th, 2015
Greek Finance Minister Yanis Varoufakis was heavily criticized by his euro-area colleagues amid mounting frustration at his refusal to deliver measures to fix his country’s economy and release financial aid, according to three people familiar with the talks. Euro-area ...
Dollar regains footing, Kiwi falls on RBNZ comments
April 23rd, 2015
Dollar broadly firm, US housing data beats expectations Euro hurt by concerns over Greece BOE minutes less dovish than expected, wrong footing markets Swiss franc under renewed pressure The U.S. dollar held firm on Thursday after strong U.S. housing ...
Signs the market is girding for a Greek default
April 21st, 2015
If the financial market is a good predictor, you’d better brace for a Greek default. Borrowing costs on Greece’s government bonds have rallied back to levels not seen since 2012, the cost of insuring against a default has surged ...
Piraeus bank announced acquisition of Panellinia Bank
April 20th, 2015
Piraeus bank has issued an announcement to inform that: The bank has acquired the “good” part of Panellinia Bank S.A. following a tender offer launched by the Bank of Greece. After 17 April 2015, Panellinia’s branch network will operate under ...
Grexit Fears Cause GDP Forecasts to Plummet
April 20th, 2015
Economists have severely cut their forecasts for core Greek economic indicators. That reflects growing concern that the debt burden of the southern European country may force an exit from the euro as its creditors grow frustrated with the lack ...
China, Japan stocks up as Beijing steps up stimulus
April 20th, 2015
Stock markets in China and Japan rose on Monday after Beijing’s latest stimulus to shore up the world’s second-largest economy underpinned sentiment and helped limit losses across the rest of Asia. China’s central bank on Sunday cut the amount ...
