The precipitating fallout from being downgraded may actually help bolster Greek equity prices, says Nick Skrekas.» Read More
*BlackBerry well-positioned for the long term growth. LONDON, Dec 4- Bets on debt-ravaged Greece or ailing phone maker BlackBerry would make many investors flee, but for Prem Watsa both are part of a "cautious" strategy he employs to manage Fairfax Financial's $23.3 billion portfolio.
ATHENS/ LONDON, Nov 25- Some of Greece's biggest banks and their advisors are starting to press the country's banking rescue fund to look at ways to speed up their return to wider private ownership, banking sources say.
DUBLIN, Nov 6- ING said on Wednesday it should complete its restructuring two years ahead of schedule, meaning the Dutch banking and insurance group could be one of the first euro zone casualties of the 2008 global crisis to emerge from a state rescue. KBC received 7 billion euros in 2008 and 2009, half from Belgium, the rest from the northern region of Flanders.
*Many pension funds still see Greece as too risky. LONDON, Oct 17- Bailed-out Greece is luring back foreign investors betting on more gains in its bank-dominated stock market and an eventual economic recovery, Thomson Reuters data shows.
LONDON/ MADRID, July 29- The dramatic earnings turnaround boasted by four Spanish banks obscures the uphill battle they still face to contain bad debts, grow their businesses and increase shareholder value against the backdrop of one of Europe's most challenging economies.
LONDON, July 10- Twice-bailed-out Greece may not relish its impending switch to the world of emerging markets, but the move should bring with it new risk-seeking investors.
ROME/ LONDON, June 24- Divisions over forging a European banking union are compounding the problems facing the bloc's banks, fuelling uncertainty just as a global market slump raises their funding costs.
European shares closed narrowly lower on Tuesday, with global markets cautious amid ongoing worries the Federal Reserve may taper its bond purchase program.
Greece received a clean bill of health from its international creditors on Monday, securing more rescue aid and prompting its finance minister to say he would ask for much more debt relief.
European shares closed higher on Monday, managing to hold onto earlier gains as investor sentiment was buoyed by an agreement among U.S. Republicans on Friday to extend the debt ceiling for three months.
European shares closed higher on Wednesday after business confidence data was released in Germany showing an increase.
Economists attributed the rise to Greece's export industry, which has benefited from falling labour costs as the country has implemented policies laid out under its bailout deal.
ATHENS, Oct 9- Here are news stories, press reports and events, which may affect Greek financial markets on Tuesday:. International lenders are considering giving Greece two more years to reach its budget deficit reduction targets, and the extra time could be financed without more money from the euro zone, Greek Finance Minster Yannis Stournaras said.
SOFIA, Oct 9- These are some of the main stories in Bulgarian newspapers on Tuesday. -Prime Minister Boiko Borisov call on Nabucco Committee to support financially Bulgaria if it wants the interconnection between Bulgaria and Turkey to be constructed before 2018.
ATHENS, Oct 8- National Bank of Greece, Greece's largest lender, on Monday called a shareholder meeting for Oct. 30, seeking a green light for its proposed acquisition of Eurobank via a share swap.
U.S. stocks declined after the World Bank cut growth forecasts for East Asia, highlighting concerns about the global economic climate and corporate profits on the cusp of the quarterly earnings season.
U.S. stocks declined after the World Bank cut growth forecasts for East Asia, highlighting concerns about the global economic climate and corporate profits on the cusp of the quarterly earnings season. **GREEN DOT CORP, $10.55, down 17.9 pct. **NETSPEND HOLDINGS INC, $10.00, down 6.98 pct.
ATHENS, Oct 8- Shares in Greek lenders National Bank and Eurobank were surging in Athens on Monday after the first offered on Friday to buy out the latter in an all-share deal. National shares were up 16 percent to 2.43 euros at the start of trading. Eurobank shares rose as much as 16 percent to trade 11 percent higher at 0736 GMT to 1.30 euros.
ATHENS, Oct 8- Here are news stories, press reports and events, which may affect Greek financial markets on Monday:. GERMANY SAYS MERKEL VISIT TO ATHENS DOES NOT MEAN AID FOR GREECE.
SOFIA, Oct 8- These are some of the main stories in Bulgarian newspapers on Monday. -If National Bank of Greece buys Eurobank. in Greece, their units in Bulgaria will create the biggest retail bank in the Balkan country with total assets of 12.4 billion levs.