Greece's credit rating was upgraded by Standard & Poor's on Friday and the ratings agency forecast its economy would start growing again next year.» Read More
ATHENS, Greece— Greece has made its second successful return to the bond markets as the government revealed Friday that it was beating a key bailout budget target— and by a big margin.
LONDON, Sept 11- Spanish bond yields inched up on Thursday as nervous investors continued to trim holdings before a Scottish independence vote on Sept. 18, where a victory for nationalists would fuel demands by Catalonia to break away from Spain.
BRUSSELS, Sept 10- European Commission President-elect Jean-Claude Juncker unveiled on Wednesday the next European Union executive for the 2014-2019 period. Below is the roster of the new European Commission:. AUSTRIA: Johannes Hahn, 56, outgoing regional policy commissioner from the center-right.
ATHENS, Greece— Portugal's prime minister says he supports Ireland's bid for an early pay back of bailout loans to the International Monetary Fund, but added his country could only take a similar initiative if market conditions further improved.
ATHENS, Greece— Greece's economy is expected to expand in the third quarter for the first time in eight years, Prime Minister Antonis Samaras said Saturday. In a speech in the northern Greek city of Thessaloniki, Samaras hailed what he said was an "unprecedented success" in getting the heavily indebted country out of its deepest ever financial crisis.
The ECB’s triple-interest rate cut and bond-buying announcement surprised investors on Thursday – and were still sparking debate a day on.
Greek officials are hopeful the country’s economy will grow in 2014 — despite sky-high unemployment and falling prices.
Kyriakos Mitsotakis, Greek minister of administrative reform and e-governance, discusses Greece's adjustment and forecasts that the country should return to growth this year for the first time in six years.
The first indications of an upturn raise hopes as Greece's finance minister aims to steer the country out of its catastrophic recession.
Speakers:- Polish National Bank Governor Marek Belka, Bank of Finland Governor Erkki Liikanen and ECB Governing Council member Ewald Nowotny. ATHENS- French Former Finance Minister Pierre Moscovici is expected to meet Greek Prime Minister Antonis Samaras, Deputy Prime Minister Evangelos Venizelos and Finance Minister Gikas Hardouvelis.
LONDON, Aug 25- Yields on most euro zone government bonds hit record lows on Monday as speculation grew that the European Central Bank was preparing a big programme of asset purchases to counter wilting inflation. Germany, France, Italy, Spain, Portugal, Ireland and others saw their yields hit all-time lows.
*Competition set to rise in Middle East, Asia. As the European Union's second biggest apple producer, Poland has some 700,000 tonnes of the fruit it usually sells to Russia but can't, because Moscow has a food embargo on many EU and U.S. goods as part of tit-for-tat sanctions related to the Ukraine crisis.
*Germany surprises by slipping into contraction. BERLIN/ BRUSSELS, Aug 14- The euro zone economy ground to a halt in the second quarter of the year, drained of vigor by contraction in Germany and stagnancy in France.
*Germany surprises by slipping into contraction. BERLIN/ BRUSSELS, Aug 14- The euro zone economy ground to a halt in the second quarter of the year, drained of vigour by surprisingly shrinking growth in Germany and stagnancy in France.
*Germany surprises by slipping into contraction. *France flatlines, government rips up growth forecast. BERLIN/ PARIS, Aug 14- Germany's economy shrank in the second quarter and France again failed to conjure up any growth, snuffing out any signs of a recovery in the euro zone which is now also weighed down by tit-for-tat sanctions with Russia.
*Germany surprises by slipping into contraction. *France flatlines, government rips up growth forecast. BERLIN/ PARIS, Aug 14- Germany's economy shrank in the second quarter and France again managed to conjure up no growth, data showed on Thursday, snuffing out any signs of a recovery in the euro zone which is now weighed down by tit-for-tat sanctions with Russia.
ATHENS, Aug 13- Greece's economy shrank in the second quarter at its slowest annual pace since late 2008 when its protracted recession began, data showed on Wednesday, supporting expectations that Athens will emerge from the six-year slump this year.
Mehmet Buyukeksi, head of the Turkish Exporters Assembly, said he expected a significant increase in poultry and seafood exports to Russia, and that Turkey could also meet increased Russian demand for fruit and vegetables. Turkey was the 5th leading supplier of food to Russia with $1.68 billion worth of trade in 2013..
LONDON, Aug 8- European dairy firms halted production of cheese and butter destined for Russia and Norwegian salmon prices fell, as a wide array of small fresh food producers felt the first impact from Moscow's tit for tat ban on their goods.
Thanos Vamvakidis, head of European G10 FX strategy at Bank of America Merrill Lynch Global Research, discusses the risks facing the Greek economy, particularly the banking sector.