×

Europe Top News and Analysis Greece

  • ATHENS, Greece— Ratings agency Fitch has upgraded Greece's sovereign credit status as the country heads toward an end to eight years of international bailout programs. The agency announced late Friday that it had raised the country's rating from B- to B with a positive outlook, citing Greece's improved adoption of reforms and a path to growth in 2018..

  • ATHENS, Greece— A Greek former prime minister accused of involvement in a pharmaceutical bribery scandal filed a criminal complaint Thursday against current Prime Minister Alexis Tsipras and six other people, including the deputy justice minister and three prosecutors. Antonis Samaras, the conservative prime minister from 2012-15, filed the suit...

  • ATHENS, Greece— Greece's state privatization agency says it has launched a tender to sell a five percent stake in the country's dominant OTE telecom company. The agency said Tuesday that investors must submit their offers by March 15. The country lost access to international bond markets in 2010, and has since depended on rescue loans from its European...

  • ANKARA, Turkey— Turkish President Recep Tayyip Erdogan issued a warning Tuesday to neighboring Greece, Cyprus and international companies exploring for gas in the eastern Mediterranean not to "step out of line" and encroach on Turkey's rights. Erdogan made the warning in an address to legislators of his ruling party as Turkish warships continued to impede a...

  • ATHENS/ ZURICH, Feb 12- Greece's prime minister urged parliament on Monday to probe politicians in an alleged drug bribery case, while Swiss drugmaker Novartis promised to take action if an investigation found unethical conduct. Novartis said it would take "fast and decisive action" should an investigation into alleged bribery in Greece find that its managers...

  • LONDON, Feb 9- Core euro zone bond yields edged down on Friday as renewed selling in world stocks lent some support to safe-haven debt markets, which themselves have been bruised as investors brace for an end to easy-monetary policies by major central banks. World stocks were set for the biggest weekly decline since 2011. Europe's STOXX 600 ended down 1.65...

  • *Germany hits two-year high of 0.80 percent. LONDON, Feb 8- Euro zone government bond yields scaled new multi-year highs on Thursday, as a budget agreement in the United States and a coalition deal in Germany pointed to higher spending on both sides of the Atlantic. Germany's pro-spending Social Democrats are set to head the finance ministry in a coalition...

  • *U.S. Senate agrees budget deal that adds to deficit. LONDON, Feb 8- Euro zone government bond yields edged further towards multi-year highs on Thursday as a budget agreement in the United States and a coalition deal in Germany pointed to higher spending on both sides of the Atlantic. Germany's pro-spending Social Democrats are set to head the finance ministry in...

  • ATHENS, Greece— Investors bought strongly Thursday into a bond issue designed to help wean Greece off its international bailouts, in what officials see as an endorsement of efforts to right the country's battered economy. Officials said Greece raised about 3 billion euros from the new seven-year bond, which has a yield of roughly 3.5 percent.

  • ATHENS, Greece— Greece's parliament has named two former prime ministers and eight former ministers— including current Bank of Greece governor Yannis Stournaras and EU Home Affairs Commissioner Dimitris Avramopoulos— as being linked to a major medical bribery scandal. Parliament on Tuesday announced the results of a judicial investigation into alleged...

  • ATHENS, Greece— Greek government finance officials say they have decided to delay this week's planned auction of a seven-year bond due to international turmoil in financial markets. Officials from the Finance Ministry and public debt management agency met Tuesday, in the wake of a heavy drop in U.S. stocks that was followed by a broader global sell-off.

  • ATHENS, Greece— Greece's government said Monday it has been handed evidence that senior politicians from the previous administration were involved in a bribery case in which Swiss drugmaker Novartis is accused of making illegal payments to fix prices and increase market access. Among them were former Prime Minister Antonis Samaras and Yannis Stournaras,...

  • Larry Fink

    As new rules spur Wall Street banks to further shrink their research budgets, U.S. asset management firms are shoring up in-house research and reinventing the stockpicking business.

  • *Greece preparing sale of seven-year bonds. *Greece hoping to attract conservative bond investors. Greece returned to the bond markets last year for the first time since 2014.

  • *Greece preparing sale of seven-year bonds. *Greece hoping to attract conservative bond investors. Greece returned to the bond markets last year for the first time since 2014.

  • PARIS- French Finance Minister Bruno Le Maire, Belgium Finance Minister Johan Van Overtveldt, Lithuania Finance Minister Vilius Sapoka and Luxembourg Finance Minister Pierre Gramegna speak at a fintech conference in Paris in a panel entitled "Future of finance in Europe at Fintech age"- 1600 GMT. LONDON- Bank of England Governor Mark Carney makes an annual...

  • The Middle East's largest airline plans to restore daily flights to Fort Lauderdale and Orlando from its Dubai hub from March 25, having been cut back to five a week last year. Rival Etihad Airways announced last year it would cancel flights to San Francisco and Dallas Forth Worth. Emirates did not say when it plans to increase services to Boston, Los Angeles, and...

  • Flights to Florida cities Fort Lauderdale and Orlando from its Dubai hub will each return to a daily services from March 25 having been cut back to five-a-week last year. The Middle East's largest airline is also adding a new daily direct Boeing 777 service to Newark Liberty International Airport in New Jersey from June 1 but dropping one of its four daily...

  • *India's top explorer Oil and Natural Gas Corp has secured a $2.83 billion loan from three banks to part fund its $5.8 billion acquisition of state-refiner Hindustan Petroleum Corp, ONGC said. **Vodafone said it had agreed to buy Athens- based CYTA Telecommunications Hellas S.A. for 118 million euros to expand its fixed line network in Greece.

  • ATHENS, Jan 12- Thousands of Greek protesters marched in central Athens on Friday against new reforms, including restrictions on the right to strike, that parliament is set to approve next week in return for bailout funds. In the first major industrial upheaval of 2018, the shutdown of the Athens metro, used by some 938,000 commuters daily, caused traffic...