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  • The losses follow a 50 percent plunge in the bank sub-index over the previous two sessions and dragged down the wider Athens market, where non-financials were generally outperforming banks. Shares of Alpha Bank and Piraeus effectively hit the daily loss limit of 30 percent, with peer Eurobank down 26.7 percent and National Bank falling 26.6 percent.

  • His ministers of finance and economy, Euclid Tsakalotos and Giorgos Stathakis, were holding held new meetings with bailout negotiators in Athens. The negotiators are pressing Greece to speed up a program to cut early retirement rights, impose stricter rules for tax arrears payments, and allow stronger creditor oversight of a privatization fund.

  • LONDON, Aug 5- Growth among European service businesses, which dominate most economies across the continent, eased last month as firms worried about Greece's flirtation with bankruptcy, surveys showed on Wednesday. Still, euro zone firms did accelerate growth towards the end of the month after Athens agreed a framework bailout plan with its European Union...

  • ATHENS, Aug 5- Greek bank shares sold off sharply for the third day in a row on Wednesday, but losses were far less than in the previous sessions. "The market is looking for the bottom, we are not far away from it," said Alexander Moraitakis, head of Athens- based Nuntius Securities. Tuesday's nearly 30 percent plunge wiped out 2.65 billion euros of their market value-- more...

  • LONDON, Aug 5- European shares rose on Wednesday, with Societe Generale surging as the French bank became the latest major company in the region to post forecast-beating earnings. Technology stocks were steady after weakening in the previous session following a slide in the shares Apple, but Greek stocks were down for a third straight day with Athens still...

  • LONDON, Aug 5- European shares rose on Wednesday, led higher by Societe Generale, which jumped more than 9 percent after posting its second-quarter results. Among other individual gainers, Nivea maker Beiersdorf rose 2.6 percent after beating profit expectations. And London- listed mining companies BHP, Rio and Glencore added between 1.8 and 2.7 percent after...

  • With conditions and sentiment improving in the bloc after the deal, Markit's July final Composite Purchasing Managers' Index beat an earlier estimate of 53.7, settling at 53.9. The composite PMI pointed to third-quarter expansion of 0.4 percent, Markit said, in line with the expectations for the previous three months but less than the 0.5 percent median...

  • ATHENS, Aug 5- 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 of the main index. Athens bourse's benchmark general index traded 1.28...

  • ATHENS, Aug 4- Both Greece and its lenders said on Tuesday they were optimistic they could broker a deal within days on a multi-billion euro bailout, striking a surprisingly upbeat tone on a process previously fraught with bitterness. A bailout worth up to 86 billion euros must be settled by Aug. 20-- or a second bridge loan agreed-- if Greece is to pay off debt of 3.5...

  • *BMW down as earnings momentum slows. Greece has had to introduce capital controls and is seeking a new bailout deal following a debt crisis. Many investors have cut their exposure to Greece, which accounts for only a fraction of the overall European economy, and are focusing more on "core" European markets such as Germany and France, or Spain and Italy in the south.

  • *Stock exchange head sees "signs of normalisation". *Banking stocks sink again, non-financials up from lows. ATHENS, Aug 4- Greece's banking stocks plunged for the second day in a row on Tuesday, holding down the main Athens index which otherwise turned the corner after the previous day's record rout.

  • ATHENS, Aug 4- Greece expects to conclude a multi-billion-euro deal with international lenders within two weeks, officials said on Tuesday, and its finance minister said talks were going better than expected. A bailout worth up to 86 billion euros must be settled by Aug. 20-- or a second bridge loan agreed-- if Greece is to pay off debt of 3.5 billion euros to the...

  • llustration of Icarus and Daedalus.

    From a "Grexit" to the closure of banks, here are six myths about the Greek crisis, says Nicholas Economides, an NYU professor and adviser to Greece.

  • *Stock exchange head sees' signs of normalization'. ATHENS, Aug 4- Greece's banking stocks plunged for the second day in a row on Tuesday, holding down the main Athens index which otherwise looked as if it was turning the corner after the previous day's record rout. On Monday, the Athens General Index lost 16.2 percent, around 8 billion euros in value, on the first day of...

  • ATHENS, Aug 4- Greece's banking stocks plunged for the second day in a row on Tuesday, dragging the main Athens index down in a graphic illustration of the country's financial and economic woes. There were signs, however, that the rout that took 8 billion euros off the market on Monday may be ending as already historically low valuations fall to levels at which...

  • Greece: Prospect of new election grows, market hit Tuesday, 4 Aug 2015 | 4:41 AM ET

    ATHENS, Greece— Greece's government conceded Tuesday that dissent within the ruling party was likely to force an early election, while bank shares plummeted again on the stock market, which reopened this week after a long closure. Greece's economy is reeling from the impact of limits on money withdrawals and transfers that the government imposed on June 29 to...

  • ATHENS, Aug 4- Greece's banking stocks plunged for the second day in a row on Tuesday, dragging the main Athens index down and reflecting the country's continuing financial and economic woes. Gaming group OPAP was up 3.5 percent and Aegean Airlines (AGNr.AT> gained 2.7 percent. The Athens index lost 16.2 percent on Monday, the worst fall on record, wiping out nearly 8...

  • ATHENS, Aug 4- Greece's banking stocks plunged for the second day in a row on Tuesday, dragging the main Athens index down and reflecting the country's continuing financial and economic woes. Gaming group OPAP was up 3.5 percent and Aegean Airlines (AGNr.AT> gained 2.7 percent. The Athens index lost 16.2 percent on Monday, the worst fall on record, wiping out nearly 8...

  • *BMW down as earnings momentum slows. LONDON, Aug 4- European stock markets lost ground on Tuesday, with French bank Credit Agricole and German carmaker BMW among the worst performers after reporting results, while weak oil prices also weighed on energy stocks. Falls in Credit Agricole and BMW contributed to the French and German markets slipping back on Tuesday.

  • ATHENS, Aug 4- Greek stocks were down 4.5 percent in early trade on Tuesday, dragged down by another near 30 percent plunge in banking stocks, a day after sustaining record losses when the bourse opened following a five-week shut down. The main Athens index lost 16.2 percent on Monday, the worst fall on record, as investors reacted to continuing questions about a new...