Greek bank shares plunge for third day, stock market down 1.3 percent

Thomson ReutersA man walks inside the Athens Stock Exchange in GreeceATHENS (Reuters) – Greek bank shares sold off sharply pressure for the third day in a row on Wednesday with the bank sector share index losing 14.8 percent in early deals.The broader market reversed small opening gains to trade lower, dragged down by the banks which comprise about 20 percent […]

Greek stocks sink most in decades as market reopens to crisis: 'It's …

Greece’s stock market reopened after five weeks to the most savage wave of selling in decades, underlining a crisis that’s crippled the economy and pushed the country’s euro membership to the brink.Banks led the plunge following the shutdown, which was due to capital controls to prevent the lenders from bleeding more deposits. Piraeus Bank SA and National Bank of Greece […]

Greece stock market nosedives after five-week shutdown | Business …

The Athens stock exchange. Bank shares were particularly hard hit on Monday after reopening following the five-week shutdown. Photograph: Yannis Kolesidis/EPA
Greece’s stock market plunged nearly 23% on Monday when it reopened after a five-week shutdown brought on by fears that the country was about to be dumped from the eurozone.The main Athens stock index fell to in worst ever one-day […]

Bonds Bid, Stocks Skid, & Crude Crushed As Yellen Pleads & Greece Bleeds

China loses momentum in its manipulation overnight… US industrial production data was dismal… Yellen admits The Fed needs to raise rates sooner or may be forced to raise rates more aggressively… and stocks did not drop until TV images showed blood on the streets of Athens… This just seemed appropriate…“hearts on fire” indeed – can the small undersize reality of […]

Greek crisis: eurozone leaders hold emergency summit – as it …

Good morning.Hope you all had a relaxing weekend, because today should be as dramatic as anything we’ve seen since the eurozone crisis began over five years ago.In the coming hours, the most powerful politicians and officials in Europe will hold a series of emergency meetings that will, most likely, determine the future of both Greece and the wider eurozone.This really […]

Greece crisis: US urges compromise after Greek PM attacks IMF – as …

Fears that the five-year Greek financial crisis will culminate in debt default and exit from the euro have intensified as Athens hardened its rhetoric against its creditors and insisted it would miss a payment to the International Monetary Fund unless it received debt relief.With just 48 hours to go before a meeting of eurozone finance ministers, seen as the last […]

Greek crisis: Athens rejects capital controls report as Draghi calls for …

Greek Prime Minister Alexis Tsipras arrives at his office in Maximos Mansion for a governmental council meeting. Photograph: Alkis Konstantinidis/Reuters
Time for a recap, as we await Mario Draghi’s appearance at the European Parliament this afternoon.The Greek government and the European Commission have blamed each other for the collapse of negotiations over its bailout programme last night, amid rising concern […]

World stock markets tumble as FTSE suffers worst weekly fall since …

Defence against the economic elements? The street outside a share prices display in Tokyo on Thursday. Photograph: Kazuhiro Nogi/AFP/Getty Images
Global stock markets continued to tumble on Friday, pushing the FTSE 100 to its worst weekly fall in more than three years. Since Monday, £112bn has been wiped off the value of Britain’s leading companies.Investors headed for the exits amid growing […]

Greece Stock Market Boosted By Euro Vote |

Greece Stock Market Boosted By Euro Vote
economyby Sotiria Nikolouli – May 26, 2014
Athens Stock Exchange made gains Monday as investors discounted any short-term prospects of an early general election after Greece’s European election results.
On the board, the ASE General Index ended 2.27% higher at […]

US economy growing at 3.2% a year, fourth quarter figures show …

to Greece where the country’s leading economic think tank, IOBE, has
not ruled out national output contracting for a seventh
straight year in 2014. Helena Smith in Athens writes:Releasing its quarterly review earlier today, IOBE was unequivocal: in 2014 the recession-hit Greek economy would finally bottom out, it said, but in sharp contrast to official forecasts it could not […]