AP Photo/Petros KaradjiasA demonstrator in front of a banner depicting a wrecking ball reading “No” and destroying a wall with anti-austerity measures during a rally in Athens, Greece, on June 10.The Greek stock market reopened on Monday for the first time in five weeks. It had been closed since the country’s capital controls took effect and bailout referendum was announced.Greece’s […]
The Greek stock market is set to reopen on Monday as talks continue with the country’s creditors on a new multi-billion-euro bailout. Photograph: Orestis Panagiotou/EPA
Greek investors expect a tumultuous day’s trading when Athens’ stock market reopens on Monday after a five-week shutdown.The resumption of trading in Greek stocks will be the latest step back towards economic normality, after the prime […]
© AFP/File Louisa GouliamakiPeople queue at ATM machines outside a branch of Piraeus Bank in central Athens on June 29, 2015Athens (AFP) – Attention will be focused on Greece’s embattled banks on Monday when the Athens stock exchange reopens after a six-week shutdown over the country’s debt crisis.The banks are in a vulnerable position because of outflows of billions of […]
The Greek news of the day is Greek Stock Market to Reopen, With Restrictions.RestrictionsPeople cannot draw on their Greek bank accounts to buy shares
People can only buy shares with existing brokerage account cash
I supposed people could transfer cash from elsewhere into stocks but no one in their right mind would do such a thing.And what about taking cash out of […]
Yanis Varoufakis has just released a statement defending his work creating a parallel payment system during his time as finance minister.The statement, from “the Office of Yanis Varoufakis”, insists that he was fully authorised to carry out the work.It also criticises the media for their “far-fetched” articles, and denies the claim that he ever planned to hijack all taxpayers tax […]
2015 2nd Quarter Market CommentaryJuly 22, 2015 | Documents and Literature,Insight,News & Press | Editor | 0 CommentOverviewThe fireworks came out just in time for the Fourth of July. The second quarter was relatively sleepy until the end of June when the Greek debt crisis made headlines again. Greece rejected a cash-for-reform proposal by the EU and missed an IMF […]
Calm was seemingly restored last week as Greece embraced a punishing deal offered by the EU while Chinese authorities reversed the A-share meltdown with a capital infusion estimated at over $200 billion dollars and the implied threat of capital punishment for anyone daring to sell short. Against a backdrop of positive economic releases and a pullback from catastrophe overseas, a […]
This article is by staff writer William Cowie.By some accounts, China’s stock market has been in free fall. In less than a month, the Shanghai Stock Exchange Composite Index (SSEC) — the Chinese equivalent of America’s S&P 500 stock index — saw a 30 percent drop in value.Media reports have ranged from indifference to breathless comparisons with the great stock […]
The sheer size and importance of China’s equity markets cannot be overstated. Second in size only to the New York Stock Exchange, the combined value of the Asian country’s stock markets is $14 trillion and change. Or at least it was, before they fell 30 percent, wiping away nearly $2 trillion in value. To put this in perspective, the gross […]
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 […]
