Europe Top News and Analysis Greece

  • WASHINGTON, Feb 21- The U.S. Commerce Department said on Thursday it had made a final determination that imports of large diameter welded pipe from Canada, Greece, South Korea and Turkey are being dumped in the U.S. market, paving the way for the imposition of tariffs. The department, which said South Korea and Turkey were also subsidizing their exports, said Canada...

  • LONDON, Feb 20- A growing number of hedge funds are moving into shipping debt, an asset class few have invested in before, looking to buy up loans and bonds as banks cut their exposure to the troubled sector. The European Central Bank's banking supervisor has flagged troubled non-performing loans in 2019 as "a concern for a significant number of euro area...

  • Greek finance minister: Our debt is in a very good position?

    European authorities will be reporting on the progress of reforms in Greece. Finance Minister of Greece Euclid Tsakalotos says he expects the report to be "favorable."

  • CAIRO, Feb 20- Bank Audi SAE has begun due diligence on buying National Bank of Greece's branches in Egypt, a banker involved in the process said. The website of National Bank of Greece's Egyptian unit lists 18 branches in Cairo and elsewhere in the country. There is an ongoing process, Bank Audi is looking at it, "another banker close to the procedure told Reuters in...

  • LONDON, Feb 20- A growing number of hedge funds are moving into shipping debt, an asset class few have invested in before, looking to buy up loans and bonds as banks cut their exposure to the troubled sector. In one of the first deals to have been concluded in recent weeks, finance sources said hedge and private equity firm Avenue Capital together with asset manager...

  • On Thursday, a consortium led by Kuwait's National Investment Co. and including the Athens bourse won a tender to acquire 44 percent of the Kuwait stock exchange.

  • Portugal economy has highest growth in two decades. LISBON, Feb 15- The passengers on a night train chugging along Portugal's northern coast last month got the fright of their lives when the 40- year-old locomotive's diesel engine literally fell off. But the incident was a shocking reminder of Portugal's chronic underinvestment in public services and the...

  • MUNICH, Feb 14- Spain, Italy, Portugal and Greece should fight high youth unemployment levels with labour market reforms, less bureaucracy for business and investment in innovation, International Monetary Fund chief Christine Lagarde said on Thursday. Speaking in Germany, Lagarde said the structural reforms, with backing from the European Union, were needed...

  • ATHENS, Feb 14- Greek jewellery maker Folli Follie's board has approved a revised restructuring plan proposed by a group of bondholders in a bid to save it from collapse. A Folli source told Reuters the board of directors approved the plan on Wednesday following fresh talks with some of the bondholders in Athens. Folli announced details of its restructuring in...

  • ATHENS, Feb 14- Greek jewelry maker Folli Follie's board has approved a revised restructuring plan proposed by a group of bondholders in a bid to save it from collapse. A Folli source told Reuters the board of directors approved the plan on Wednesday following fresh talks with some of the bondholders in Athens. Folli announced details of its restructuring in...

  • *EU warns Rome reforms needed to spur growth. Italy's far-right deputy prime minister Matteo Salvini said on Saturday that the management of the Bank of Italy and market watchdog Consob should be "completely cleared out" because of their failures to supervise banks properly.. The Bank of Italy is replacing three board members and the comments followed the...

  • A second referendum could 'heal' the UK: Former Greek prime minister

    Former Prime Minister of Greece George Papandreou says a second referendum in the U.K., if conducted properly, could help the U.K. to heal. He also says Britain is giving up its "voice" by leaving the EU.

  • A woman waves a Greek national flag under the rain in front of the Greek Parliament in Athens.

    Greece ended its third bailout program in August. Since then, its European creditors published an initial post-program report in November, stating there were "delays in the sixteen specific reform commitments due for end-2018."

  • *Italy projected to post bloc's slowest growth rate. BRUSSELS, Feb 7- The European Commission sharply cut on Thursday its forecasts for euro zone economic growth this year and next because it expects the bloc's largest countries to be held back by global trade tensions and an array of domestic challenges. The Commission cited global trade tensions and China's...

  • *Euro zone Q4 GDP unchanged +0.2 pct, matches forecast. *2018 GDP growth 1.8 pct, slowest since 2014. BRUSSELS, Jan 31- The euro zone economy stuck to its lowest pace of growth in four years in the final three months of 2018, with the rate of expansion in the year as a whole also the slowest since 2014, data showed on Thursday.

  • LONDON, Jan 30- Greek bond yields dropped sharply on Wednesday, set for a fifth straight day of falls, following a successful five-year bond sale-- Greece's first since exiting its bailouts last year. Greece's 10- year government bond yield fell more than six basis points to a low of 3.915 percent, its lowest level since August 1, before closing slightly above that at...

  • LONDON, Jan 30- Greek bond yields dropped sharply on Wednesday, set for a fifth straight day of falls, following a successful five-year bond sale-- Greece's first since exiting its bailout last year. Greece's 10- year government bond yield fell more than six basis points to a low of 3.915 percent, its lowest level since August 1, while Greece's five-year government...

  • LONDON, Jan 30- Euro zone bond yields held firm on Wednesday after British lawmakers voted down a proposal in parliament that aimed to prevent a potentially chaotic "no-deal" Brexit which markets appear reluctant to price in. British lawmakers on Tuesday instructed Prime Minister Theresa May to reopen a Brexit treaty with the European Union to replace a...

  • *Greece sells five-year bonds via syndicate. *Belgium, Austria bond sales swamped with demand. New bonds sold via syndicates of banks from Greece, Belgium and Austria were also in the spotlight.

  • ATHENS, Jan 29- Greece began selling a new five-year bond on Tuesday, its first since it emerged from its third international bailout in August, drawing investor orders worth more than four times the likely 2 billion euro issue size, sources close to the sale said. Another banking source said demand had topped 8 billion euros and that Athens hoped to raise at least 2...