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  • Star Bulk Carriers reports 1Q loss

    ATHENS, Greece _ Star Bulk Carriers Corp. on Wednesday reported a loss of $48.8 million in its first quarter. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 91 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Greece marks year of banking restrictions

    ATHENS, Greece— A leading business group in Greece is calling on the government to loosen banking restrictions introduced a year ago when the country faced the risk of exit from the euro. The National Confederation of Hellenic Commerce, Greece's main small- and medium-sized business association, said the number of new businesses created so far this year has...

  • FRANKFURT, June 22- The European Central Bank reinstated Greek banks' access to its cheap funding operations on Wednesday after more than a year on an emergency lifeline and said it would examine later whether to add Greek debt to its asset purchases. The restoration is a big step towards normalising an economy that is still in recession, weighed down by capital...

  • ECB reinstates Greek banks' access to cheap funding

    FRANKFURT, June 22- The European Central Bank reinstated Greek banks' access to its cheap funding operations on Wednesday, allowing lenders to come off an expensive emergency lifeline after more than a year. Greek banks lost their access to the ECB's regular funding mechanism early last year when Athens came close to being ejected from the euro zone, and lenders...

  • LAGONISSI, Greece— Greece's left-led government wants easier budget saving targets after its current multi-billion euro bailout ends in 2018, a senior official said Wednesday. Under last year's third bailout deal, Greece must achieve primary fiscal surpluses— that is, excluding the cost of debt servicing— of 0.5 percent, 1.75 percent and 3.5 percent of annual...

  • FRANKFURT, June 22- The European Central Bank is expected to reinstate Greek banks' access to its cheap funding operations as soon as Wednesday, allowing lenders to come off an expensive emergency lifeline after more than a year as a reward for painful economic reforms. Speaking to a European Parliament committee on Tuesday, ECB President Mario Draghi said...

  • Farage has been one of the most visible leaders of the "leave" campaign, arguing that Britain would do much better outside the 28- member bloc. Canadian Prime Minister Justin Trudeau says he wants to see Britain remain in the European Union so it can continue to be a strong voice in support of trade and economic prosperity. Belgian Prime Minister Charles Michel...

  • Greek leader wants action on easing debt load

    ATHENS, Greece— Greece's prime minister is calling for bailout lenders to swiftly fulfill promises to ease the country's heavy debt load. Alexis Tsipras says that as well addressing the problem in the short term, the medium and long-term management of the debt should also be tackled. Tsipras spoke following talks in Athens on Tuesday with European Union...

  • ATHENS, June 17- Greece's latest austerity measures are choking off one of its few sources of local private investment, the funds management industry, thanks to massive tax hikes buried in 7,500 pages of financial reforms approved by the parliament last month. The new tax rates, applied to funds under management, underline how Athens is relying on a narrow,...

  • ATHENS, June 17- Greece's latest austerity measures are choking off one of its few sources of local private investment, the funds management industry, thanks to massive tax hikes buried in 7,500 pages of financial reforms approved by the parliament last month. The new tax rates, applied to funds under management, underline how Athens is relying on a narrow,...

  • A general view of the Building of the European Parliament on May 12, 2016 in Strasbourg, France.  The United Kingdom  will hold a referendum on June 23, 2016 to decide whether or not to remain a member of the European Union (EU).

    Jim Cramer says the market has been through far worse before. A Brexit doesn't mean investors should run for the hills.

  • Greece's central bank governor pushes for new bailout deal

    Yannis Stournaras urges the country's creditors to rework a core element of Athens' new bailout.

  • ATHENS, June 13- Greece's European partners should grant the country debt relief and lower its primary surplus targets, Greece's central bank chief Yannis Stournaras wrote in the Financial Times. Greece's lenders promised debt relief in November 2012 and although the country achieved a primary surplus of 1.5 billion euros in 2013 "it never happened,"...

  • Warning against Brexit: Yanis Varoufakis
    Warning against Brexit: Yanis Varoufakis

    Former Greek Finance Minister Yanis Varoufakis, explains why he thinks Brexit could trigger dire economic consequences for the European Union.

  • Europskepticism now spreading
    Euroskepticism now spreading

    More countries within the European Union want some powers returned from Brussels, back to national governments.

  • *World Bank cuts economic growth forecasts. Mixed Chinese economic data, along with a decision by the World Bank to slash its 2016 global economic growth forecast, also gave some traders a reason to take a negative view on the outlook for stock markets. "The Chinese export figures looked a bit disappointing, and the World Bank's cut to its forecasts is another...

  • An optimistic case for Greek equities?
    An optimistic case for Greek equities?

    Sean Darby, chief global equity strategist at Jefferies, explains why the firm has gone modestly bullish on Greek equities.

  • STRASBOURG, June 6- The European Commission is confident that Greece will conclude the reforms needed to unlock bailout funds before next week's meeting of euro zone finance ministers, top officials said on Monday. Greece and its international lenders wrapped up the bulk of reforms needed for badly needed bailout cash in May, but left some loose ends which must...

  • ATHENS, June 6- Moves by China to stockpile oil are providing a further boost to the tanker shipping market which is already buoyant due to global bargain-hunting caused by lower crude prices, shipowners said on Monday. China is expected to add 70-90 million barrels to its strategic crude oil purchases in 2016 as it takes advantage of low prices, a Reuters survey...

  • Greek economy has hit the bottom: Expert
    Greek economy has hit the bottom: Expert

    Rudolph Bohli, founder of RBR Capital Advisors AG, says Greek banks are one of the best investment plays in Europe at the moment.