ATHENS - Greece and its international lenders will miss a self-imposed March 10 deadline to clinch a deal that will release the next tranche of the country's rescue loans, three senior Greek government sources said late on Friday.
ATHENS - Greece's major banks must raise an extra 6.4 billion euros ($8.9 billion) in capital to make themselves strong enough to deal with the fallout from future crises, the central bank said on Thursday.
ATHENS - Greece's second-largest lender Piraeus Bank is planning the first foray in five years by a major Greek lender into debt markets via a bond issue, it said on Thursday.
BRUSSELS - European Union countries such as Poland and Greece are worried they may face gas shortages and economic damage if Russia stops pumping the fuel to Ukraine, with Kiev facing a Friday deadline to pay Moscow a $2 billion (1 billion pounds) energy bill.
ATHENS - Greece has asked its international lenders to approve its latest bailout review despite an unresolved dispute over how much new capital its banks need, a senior finance ministry official said on Wednesday.
ATHENS - A dispute between Greece and its foreign lenders over the capital shortfall for the country's top four banks need not hold up an overall deal paving the way for more aid, Greece's government spokesman said on Wednesday.
ATHENS - Greek manufacturing activity expanded for the second consecutive month in February, boosted by a rise in output and new orders, a survey showed on Tuesday.
ATHENS - Greece's third largest lender Eurobank lost 1.15 billion euros last year, hurt by provisions for bad loans and one-off charges including the cost of a voluntary exit scheme.
ATHENS - Greece's Lamda Development , backed by China's Fosun and an Abu Dhabi-based real estate company, submitted on Thursday the sole binding bid for a major privatisation deal to develop the former Athens airport of Hellenikon.
ATHENS - A health check of major Greek banks is likely to reveal a capital shortfall of about 5 billion euros after Greece's international lenders accepted a lower capital adequacy ratio than in previous stress tests.