GO
Loading...

Greece

More

  • *UK's FTSE outperforms, helped by rise in gold miners. LONDON, Dec 29- Greek shares slumped on Monday, knocking European stock markets, after lawmakers rejected the government's candidate for president, leaving Greece facing a snap election that could derail its bailout programme. Opinion polls point to a victory by the radical leftist Syriza party, which wants...

  • Five dead, more to be rescued from blazing ferry Monday, 29 Dec 2014 | 7:48 AM ET
    A rescued passenger arrives at the Antonio Perrino hospital in Brindisi, southern Italy, after being lifted off the burning ferry 'Norman Atlantic' adrift off the coast of Albania, on December 28, 2014.

    Five people were confirmed to have died in a car ferry that caught fire off the coast of Greece and rescue teams ware trying to save others on board.

  • *AirAsia posts biggest drop in 3 yrs after aircraft goes missing. *Oil rebounds on renewed tensions in Libya. Greece's Prime Minister Antonis Samaras failed to get enough support for his nominee, Stavros Dimas, and will now have to call a national election for late January or early February, which polls suggest would catapault the left-wing Syriza party to power.

  • *Samaras announces snap poll for Jan. 25. ATHENS, Dec 29- Greek Prime Minister Antonis Samaras announced plans for an early general election next month after parliament rejected his candidate for president on Monday, throwing the country's international bailout into doubt. Opinion polls point to a victory by the radical leftist Syriza party, which wants to wipe...

  • European shares slide as Greece faces new elections Monday, 29 Dec 2014 | 6:37 AM ET

    *UK's FTSE outperforms, helped by rise in gold miners. LONDON, Dec 29- Greek stocks slumped on Monday, knocking European peers, after lawmakers rejected the government's candidate for president, leaving Greece facing a snap election that could derail its bailout programme. IG market analyst Alastair McCaig said the Greek result could affect the European...

  • ATHENS, Greece— Greek Prime Minister Samaras says early general elections to be held Jan 25.

  • *Gold prices hold onto Friday's near 2 pct gain. LONDON, Dec 29- Gold eased on Monday, giving up some of the previous session's sharp short-covering gains, but uncertainty over the prospect of fresh elections in Greece kept the metal underpinned near $1,200 an ounce. Spot gold was down 0.2 percent at $1,192.45 an ounce by 1104 GMT, after a gain of 1.8 percent on Friday,...

  • ATHENS, Dec 29- Greek lawmakers failed to elect a new president in a final round of voting on Monday, leaving the country facing an early election that could derail the international bailout program it needs to keep paying its bills. Under Greek law, a parliamentary election must now be called, leaving financial markets and Greece's European Union partners...

  • ATHENS, Greece— Greece heading to early election after parliament fails to elect president in final round.

  • Stocks mixed amid China growth hopes, Greece woes Monday, 29 Dec 2014 | 4:51 AM ET

    BEIJING— Global stocks were mixed on Monday after a report said China will change banking rules, apparently to boost lending and economic growth, while oil prices rebounded. ASIA'S DAY: Hong Kong's Hang Seng index gained 1.8 percent to 23,761.29 points and the Shanghai Composite Index added 0.3 percent to 3,168.02. CHINESE BANKING: China's official Xinhua News...

  • *AirAsia posts biggest drop in 3 yrs after aircraft goes missing. LONDON, Dec 29- Europe's financial markets returned from their Christmas break in a cautious mood on Monday, as Greece's parliament prepared for a final round of presidential voting, which if unsuccessful, will fuel worries about its future in the euro. Syriza is set on writing off much of Greece's...

  • Greece leads selloff in euro zone shares before vote Monday, 29 Dec 2014 | 4:08 AM ET

    Such a victory, feared by many investors, would galvanise anti-austerity and Eurosceptic movements across the euro zone periphery, such as Spain's Podemos and Italy's Five-Star Movement. Blue-chip indexes in Greece fell 5.5 percent at 0849 GMT and peers in Italy and Spain shed 1 percent, weighed down by falls in banks, which are heavily exposed to domestic...

  • Italian, Spanish stocks fall ahead of Greek vote Monday, 29 Dec 2014 | 3:20 AM ET

    LONDON, Dec 29- Stock markets in debt-laden Italy and Spain fell in early deals on Monday ahead of a presidential vote that threatens the future of Greece's international bailout. Blue-chip indexes in Italy and Spain were down 0.7 percent at 0808 GMT, while the euro zone-wide Euro STOXX 50 index was down 0.3 percent. "Anyone who wants to get involved in the market...

  • ATHENS, Greece— Greece will hold early national elections on Jan. 25, stoking concerns over the future of the country's financial bailout, after lawmakers failed to elect a new president in a third and final round of voting Monday. Prime Minister Antonis Samaras said national elections will be held "at the soonest possible date"— Sunday, Jan. 25.

  • Rescuers struggle to reach burning ferry off Greece Sunday, 28 Dec 2014 | 6:43 AM ET
    The 'Norman Spirit' - a ferry in the same class as the 'Norman Atlantic'. LD Lines does not operate the route on which the Italian ferry caught fire.

    Rescuers struggled to reach a ferry carrying around 500 passengers that caught fire off the coast of Greece amid high winds and rough seas.

  • Greek leftists won't run deficits, policymaker says Saturday, 27 Dec 2014 | 2:38 PM ET

    ATHENS, Greece— A leftist Greek government won't run deficits, but will pursue fiscal consolidation, the main opposition party's chief economy policymaker said Saturday. Of course, yes, but in our way, in a way which places the burden on those who can pay, " John Milios, chief economist for the opposition Syriza Party's Economic Policy Committee, told The Associated...

  • Germany: Greece must stick to existing agreements Saturday, 27 Dec 2014 | 4:09 AM ET

    BERLIN— Germany's finance minister says any new Greek government would have to stick to agreements made by its predecessors— comments that come as Greece risks early elections that could bring an anti-bailout opposition party to power. German Finance Minister Wolfgang Schaeuble told Saturday's Bild daily that he'll continue to support Greece on its "path...

  • Greek uncertainty curbs European stock gains Tuesday, 23 Dec 2014 | 12:34 PM ET

    *FTSE up but pares gains as UK external deficit rises. LONDON, Dec 23- A fall in Greek stocks kept a lid on gains in European equities on Tuesday, as the Athens bourse was hit by the prospect of early elections that could put Greece's rescue package at risk. The Bank of Spain raised its economic forecast while Portugal's budget deficit shrank.

  • LONDON, Dec 23- Weak sentiment in China halted a four-day rally in emerging market stocks on Tuesday, though there was no stopping the resurgent rouble as steadier oil and central bank muscle-flexing lifted it to a two-week high. The MSCI emerging stocks benchmark was down 0.5 percent after falls of as much as 4 percent in bank and infrastructure firms' shares had...

  • *Nutreco falls as Cargill drops takeover bid. *FTSE up but pares gains as UK external deficit rises. Dutch animal feed company Nutreco also fell, sliding 5 percent after U.S. commodities company Cargill said it was dropping a bid for Nutreco.