BRUSSELS/ATHENS - Greece is set to obtain more debt relief from its international lenders after European officials confirmed on Wednesday that Athens had topped its fiscal targets and achieved a budget surplus in 2013.
ATHENS - National Bank of Greece (NBG) was set to be the fourth Greek lender to tap international markets through a share offering on Wednesday after plans were approved for it to raise up to 2.5 billion euros (2.0 billion pounds) to boost its core capital.
- The outlook for Greece's economy has improved but analysts say the revival in investor sentiment that led Athens to tap the bond markets again this month still needs to be backed up by better data, a Reuters poll found.
ATHENS - Greece's economy will stabilise this year after a six-year recession and may manage a small expansion, think tank IOBE said on Wednesday, projecting that unemployment will ease by one percentage point to 26 percent.
LONDON - Last Thursday morning investors queued around the block to buy the bonds of recent defaulter Greece, and by the end of the day were selling U.S. tech stocks furiously.
ATHENS - International investors are to invest 1.3 billion euros (1.0 billion pounds) in Eurobank to become the bailed-out Greek bank's biggest shareholders in another sign of growing market confidence in Greece.
ATHENS - International investors are to invest 1.3 billion euros (1billion pounds) in Eurobank to become the bailed-out Greek bank's biggest shareholders in another sign of growing market confidence in Greece.
ATHENS - Greece's bank bailout fund has received bids from anchor investors, including Canada's Fairfax and York Capital, for a big chunk of Eurobank's 2.86 billion euro (2.36 billion pounds) share offering, two senior banking sources close to the talks said on Tuesday.
ATHENS - National Bank of Greece is moving ahead with plans for a share offering to bolster its capital, two senior bankers familiar with the issue told Reuters on Monday.
ATHENS - Greece's third-largest lender Eurobank got approval on Saturday from the country's bank rescue fund, its main shareholder, for a 2.86 billion euro (2.37 billion pounds) share offering to plug a capital shortfall.