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Europe Top News and Analysis Greece

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  • *July PMI in China curbs risk sentiment. LONDON, Aug 3- Weak data from China helped push oil prices to their lowest in six months on Monday, knocking the Canadian dollar, and sent Asian stocks close to their 2015 lows. The S&P 500, Dow Jones Industrial and Nazdaq markets all looked set to open little changed, shrugging off the troubles of Greece whose stock market...

  • ATHENS, Aug 3- Greece's stock market suffered heavy losses on Monday, plunging nearly 23 percent at the open before recovering slightly, after a five-week shutdown brought on by fears the country was about to be dumped from the euro zone. The main Athens stock index was down more than 18 percent in midday trading after an initial plunge that was larger than any...

  • *China July factory activity weaker than feared. *Soft China demand weighs on its export-reliant Asia neighbors. LONDON/ SYDNEY, Aug 3- Economic headwinds facing Chinese manufacturers intensified last month, with conditions deteriorating to their weakest level in two years, while euro zone factories largely shrugged off Greece's brush with bankruptcy.

  • LONDON, Aug 3- The Greek stock market slumped when it reopened on Monday after being shut down for five weeks, while weak data from China helped push oil prices to their lowest in six months and Asian stocks close to their 2015 lows. Surveys showed China's factory activity contracted by the most in two years, ensuring a three-month sell-off in commodity and...

  • Mid-2016: Greece heading back to positive growth? Monday, 3 Aug 2015 | 5:00 AM ET
    Mid-2016: Greece heading back to positive growth?

    Nikos Vettas, general director at Foundation for Economic & Industrial Research, discusses the current uncertainty surrounding Greece's economic activity.

  • *Markets buoyed by solid results from HSBC, Heineken. LONDON, Aug 3- European shares rose on Monday as strong results from HSBC and Commerzbank offset the impact of weak Chinese data, but Greece's market slumped after re-opening following a five-week shutdown. HSBC rose 1.2 percent after the bank reported higher first-half earnings and announced the sale of its...

  • Greece: Stock market reopens with 22 percent loss Monday, 3 Aug 2015 | 4:02 AM ET

    ATHENS, Greece— Greece suffered its worst stock market bloodbath in decades on Monday, when it opened after a forced five-week closure, and new data showed a dismal outlook for the bailout-dependent country's shrinking economy. "There's a sense of panic," said Evangelos Sioutis, financial analyst and head of equities at Guardian Trust. Markets in the rest of the...

  • ATHENS, Aug 2- Greece's stock market fell sharply on Monday after being shut down for five weeks under capital controls imposed by the government in Athens to stop a flight of euros from the country. National Bank of Greece, the country's largest commercial bank, was down 30 percent, the daily limit. The bourse was last open for trading on June 26.

  • A lot of 'root problems' in Greece: Founder Monday, 3 Aug 2015 | 3:30 AM ET
     A lot of 'root problems' in Greece: Founder

    Greg Zontanos, founder of Weengs, outlines the roadblocks that may harm start-ups in Greece.

  • European shares steady, Greek markets set to reopen Monday, 3 Aug 2015 | 3:11 AM ET

    LONDON, Aug 3- European shares were steady on Monday as strong results from HSBC and Commerzbank offset the impact of weak Chinese economic data, with the reopening of the Greek bourse also in focus. HSBC rose 1.5 percent after the bank reported higher first-half earnings and announced the sale of its Brazilian unit to Banco Bradesco SA for $5.2 billion..

  • Europe opens slightly higher, all eyes on Greece Monday, 3 Aug 2015 | 3:00 AM ET
    Europe opens slightly higher, all eyes on Greece

    European equities opened slightly higher Monday as investors keenly watch the opening of the Greek stock exchange and digest weak manufacturing data from China.

  • ATHENS, Aug 3- Greece will extend a short-selling ban on stocks that went into effect when capital controls were imposed on June 29 and expires on Monday, a source at the country's securities regulator told Reuters. Trading on the Athens bourse was suspended in late June as part of capital controls imposed to stem a debilitating outflow of euros that threatened...

  • Expect pressure on Greek stock market: Chairman Monday, 3 Aug 2015 | 2:20 AM ET
    Expect pressure on Greek stock market: Chairman

    Kostas Botopoulos, chairman of the Hellenic Capital Markets Commission, speaks to CNBC about the opening of the Athens Stock Exchange after being closed for over a month.

  • ATHENS, Aug 3- Greece will take another step away from full-on crisis mode on Monday by opening its stock market for the first time in five weeks, although immediate heavy losses are expected. Trading on the Athens bourse was suspended in late June as part of capital controls imposed to stem a debilitating outflow of euros that threatened to collapse Greece's...

  • Greek stocks will see an 'orderly decline': Expert Sunday, 2 Aug 2015 | 6:42 PM ET
    Greek stocks will see an 'orderly decline': Expert

    Marc Chandler, global head of currency strategy at Brown Brothers Harriman, says the daily limit of 7 percent imposed for the first three days will prevent a massive decline on Greece's stock exchange.

  • ATHENS, Aug 2- Greek traders said on Sunday they expected a torrid day of losses when the Athens stock market opens after being shuttered for five weeks as part of attempts to stop Greece's financial collapse. A combination of pent-up trading, worries about the future and Greece's worsening economy could knock 20 percent or more off the Athens General Index on...

  • Greece may seek up to $26B new aid: Report Saturday, 1 Aug 2015 | 1:14 PM ET
    People wait to enter a bank branch as Greek banks reopened on Monday morning after three weeks of closure on July 20, 2015 in Athens, Greece.

    Greece may seek $26 billion in a first tranche of bailout aid in August to prop up banks and repay debts to the ECB, according to a Greek newspaper.

  • ATHENS, July 31- Greece's stock market will reopen on Monday after a five-week shutdown caused by capital controls, but local investors will face restrictions aimed at stemming capital flight, a bourse spokeswoman said on Friday. The Athens Stock Exchange has been shut since June 29, when the government closed banks and imposed strict limits on withdrawals and...

  • Greek bailout talks on track: analyst Friday, 31 Jul 2015 | 11:20 AM ET
    Greek bailout talks on track: analyst

    Blanka Kolenikova, senior analyst at IHS Country Risk, explains why the markets are ready for the Greek stock exchange to reopen.

  • ATHENS, July 31- Prime Minister Alexis Tsipras acknowledged on Friday that his government had made covert contingency plans in case Greece was forced out of the euro, but rejected accusations that he had plotted a return to the drachma. Tsipras was forced to respond to the issue in parliament after former finance minister Yanis Varoufakis this week revealed...