Europe Top News and Analysis Greece

  • NEW YORK, July 16- When Netflix Inc reports second-quarter earnings on Wednesday, a big question is how the streaming giant will handle a slew of new competitors barging in to its territory. The Disney+ streaming service is expected to share 80% of Netflix's customers, said analysts at Raymond James and Associates. Netflix's wide range of content keeps the...

  • LONDON, July 16- Euro zone bond yields inched off earlier session lows on Tuesday, taking their cue from U.S. "The ZEW data is not very encouraging and market expectations of a 10 basis point depo rate cut next week have increased as a result," said Kenneth Broux, a strategist at Societe Generale in London. Money markets raised expectations of a 10 basis point rate cut by...

  • LONDON, July 16- Core bond yields in Europe tumbled to session lows on Tuesday after a survey showed the mood among German investors darkened more than expected in July, raising pressure on the central bank to ease monetary policy as early as next week. "The ZEW data is not very encouraging and market expectations of a 10 basis point depo rate cut next week have...

  • ATHENS, July 16- Jewellery maker Folli Follie has launched a revised proposal to secure consent from its creditors on its restructuring and secure its viability, the troubled Greek company said on Tuesday. Along with its luxury jewellery trademark, Folli distributes international apparel brands in Greece, including Nike and Calvin Klein.

  • *Greece mandates banks for seven-year bond issue. LONDON, July 15- Most euro zone government bond yields inched down from recent 3 1/ 2- week highs on Monday, with reassuring signs from the global economy preventing steeper falls for now. Greece was in focus after its mandated banks for its issue of a seven-year bond, according to IFR Markets.

  • "Christina O" is a 325-foot long yacht that had celebrities like John Wayne and Marilyn Monroe onboard.

  • THE HAGUE, July 12- Prime Minister Mark Rutte said on Friday the Netherlands was pushing a strong candidate of its own to be new International Monetary Fund president- but declined to confirm who. Bank of England governor Mark Carney and World Bank number two Kristalina Gorgieva are other names in the mix. Dijsselbloem chaired the Eurogroup from 2013 until the...

  • MOSCOW/ LONDON, July 11- U.S. crude exports are gaining traction in Europe as even Ukraine turns into a significant consumer of American barrels at the expense of Russian supplies amid heightened U.S. political pressure on Moscow and problems over contaminated Russian oil. Ukraine this month received its first ever barrels from the United States, according to...

  • International Monetary Fund (IMF) managing Director Christine Lagarde smiles during a press conference.

    The appointment of the former French finance minister marks just the latest step in a career notable for history-making moments.

  • ATHENS, July 10- Greece's energy ministry said on Wednesday that the chief executive of state-controlled utility Public Power Corp has resigned, days after a change of government in Athens. Manolis Panagiotakis resigned a day after Greece's newly-appointed energy minister said the new conservative government will work on a plan to salvage PPC from "the...

  • *Second Turkish drillship arrived off eastern Cyprus on Monday. *EU diplomats meeting to discuss possible sanctions on Turkey. ISTANBUL, July 10- Turkey said on Wednesday it rejected Greek and European Union assertions that Turkish drilling for gas and oil off Cyprus was illegitimate, and said they showed the EU could not be an impartial mediator on the Cyprus...

  • Greece's Prime minister Kyriakos Mitsotakis attends the swearing-in ceremony of the newly appointed government at the presidential palace in Athens, on July 9, 2019.

    Greece's new prime minister is gearing up for sensitive discussions with international creditors – a battle that could define his premiership and the way Europe deals with bailed out countries.

  • What Christine Lagarde's ECB nomination means for Italy: PIIE

    ECB presidential nominee Christine Lagarde will continue the path of current president, Mario Draghi, and launch another stimulus program, and that's what matters for the Italian economy, says Jacob Kirkegaard of the Peterson Institute for International Economics.

  • *Greece weary after years of EU-prescribed austerity. *New PM's first test likely to be tensions with Turkey. ATHENS, July 8- Conservative politician Kyriakos Mitsotakis took office as Greece's new prime minister and named his cabinet on Monday, after storming to victory on a pledge to create jobs and lure investment to the economically stricken nation.

  • ISTANBUL/ ATHENS July 8- A Turkish ship planning to drill for oil and gas close to Cyprus dropped anchor off the island on Monday, triggering a strong protest from Nicosia and a rebuke from the European Union. Last month, EU leaders warned Turkey to end its gas drilling in waters around the island or face action from the bloc, after Greece and Cyprus pressed other EU...

  • LONDON/ ATHENS, July 8- Greece's debt agency could take advantage of a post-election boost to issue new debt at record low borrowing costs in the coming weeks to repay an expensive International Monetary Fund loan, sources told Reuters on Monday. Two bankers working for Greece's primary dealers-- banks appointed by debt agencies to help manage their debt-- said the...

  • LONDON, July 8- Global shares were in a muted mood on Monday after strong U.S. job gains tempered expectations the Federal Reserve will deliver a large rate cut, but Deutsche Bank gained nearly 4% as it launched a major restructuring. In Turkey, the lira, stocks and government dollar bonds weakened after President Tayyip Erdogan dismissed the central bank...

  • A change of government isn't going to take away the fundamental challenges that Greece faces, says Simon Baptist of The Economist Intelligence Unit.

  • LONDON, July 8- Greek government bond yields fell sharply to new all-time lows on Monday after snap elections which saw Greece's opposition conservatives return to power, sparking hopes there will be a renewed focus on strengthening economic recovery. Greece's opposition New Democracy returned to power with a landslide victory in snap elections on Sunday,...

  • Mainstream politics coming back to power in Greece, analyst says

    Wolfango Piccoli, co-president of Teneo Intelligence, discusses the upcoming Greek general election and the impact the result could have on Europe.