In 2015, more than one million refugees and migrants risked their lives to make the journey across the Aegean Sea in small smuggling boats to reach ...
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How the world sees Greece
Monday, January 4, 2016
Susan Sarandon Spent Her Holidays Helping Refugees Landing in GREECE
GREECE'S Varoufakis Is Starting A New Political Movement In Berlin
As GREECE'S ruling Syriza party's finance minister, Varoufakis became internationally known during the contentious talks between GREECE and its ...
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George Soros: Greek Economy will Never Recover within ...
“Greece will never recover as long as it is a member of the Eurozone,” said well-known investor George Soros, adding that the country will never be ...
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Hungary sending 31 policemen to patrol Macedonian
… policemen to patrol Macedonian - Greek border Monday, 04 January 2016 …
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2016 could be a great year for wages
_FA INSIGHTS IS A DAILY NEWSLETTER FROM BUSINESS INSIDER THAT DELIVERS THE TOP NEWS AND COMMENTARY FOR FINANCIAL ADVISORS._ WAGES ARE EXPECTED TO RISE AT THE FASTEST RATE IN 3 YEARS (KORN FERRY) Global people and organizational advisory firm Korn Ferry says wages are expected to increase by 2.5% globally in 2016, making for the fastest rate of increase in three years. Asia is expected to see the biggest wage growth, up 6.4%. However, that number is down from last year's 6.8% growth. Real wage growth of 2.7% is expected in the US while 2.3% real growth is expected in Europe. Deflation in Greece has the country projected to see real wage growth of 3.4%. TESLA DELIVERED MORE THAN 50,000 VEHICLES IN 2015 (BUSINESS INSIDER) Tesla delivered 50,580 vehicles in 2015. While impressive, the number was on the low end of the 50,000-to-55,000 range the company had forecast in the middle of 2015, and it was well short of the 55,000 it was projecting at the beginning of the year. According to a statement released by Tesla, "Model X deliveries are in line with the very early stages of our Model X production ramp as we prioritize quality above all else." ETFS CONTINUE TO GAIN POPULARITY (BLOOMBERG) Exchange-traded funds attracted $347 billion in 2015, making for a second straight year of record inflows. Asset manager BlackRock reeled in $129 billion worth of new funds, the tops in the industry. BlackRock says about $10 billion, or 8%, of the new funds it attracted came from money moving out of the swaps and futures business. FED'S WILLIAMS EXPECTS BETWEEN 3 AND 5 RATE HIKES IN 2016 (REUTERS) San Francisco Fed President John Williams believes the Fed will raise interest rates as much as five times in 2016. Williams told CNBC, "In terms of those developments ricocheting into the U.S. economy, I think we have really really strong fundamentals, in terms of consumer spending, in terms of our economic trajectory, so right now at least this isn't a big concern for me." In addition, Williams suggested weakness in the Chinese economy and the rocky start for China's stock market in 2016 are "not major concerns in terms of systemic risk right now." The Fed projects it will end 2016 with a fed funds rate between 1.25% and 1.50%. SOME WAYS TO FIX FINRA'S EXPUNGEMENT PROCESS (FINANCIAL PLANNING) A December report released by FINRA's arbitration task force highlighted 51 ways the agency could change its arbitration and expungement processes. Some of the recommendations made by the task force include: stop making clients regulators, charging brokers for their expungement proceedings and allowing clients to testify at expungement hearings. According to Financial Planning, FINRA will hold a meeting laster this month to discuss the panel's recommendations. Join the conversation about this story » NOW WATCH: Doing this for 5 minutes every day can help people who suffer from depression
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Beloved family-run GREEK restaurant in Watertown has closed
The popular GREEK restaurant in Watertown has closed. However, the Framingham spot is still open, an employee there confirmed. The employee said ...
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Vanessa Redgrave will be visiting Greece for the refugee issue
Athens, January 5, 2016/Independent Balkan News Agency By Olga Mavrou The famous British actress and activist Vanessa Redgrave, who has already organized events for the refugees in London, is planning on visiting tomorrow refugee centers in Greece. On Tuesday, January the 5th, she is planning to visit the Refugee Centre in Eleonas, accompanied by the Deputy Minister of […]
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GREECE a step closer to getting its first crematorium
The City of Athens on Monday issued an invitation for bids for a building to host the capital's first crematorium. The property must be no smaller than ...
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Greek Pension Reform Proposal Leaked- Political Parties Reject to Endorse it
The Greek government’s proposal on the anticipated reform of the pension system leaked on Monday, with most of the burden falling on incoming pensioners rather than the current ones. The 170 page proposed legislation includes significant changes in the calculation of new pensions. Payments will be now based on the average income earned throughout one’s working life.
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Retrieval in Greece – manufacturing increases
Greece manufacturing sector posted first expansion in 12 months, as measured by market manufacturing PMI. Headline PMI came at 50.2, above 50 indicates expansion ...
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'I owe someone $16,000 worth of free pizza': Papa John's CEO shares the fascinating story of how his $2.2 billion business got its name
Reuters John Schnatter, the founder and CEO of Papa John's, owes someone a lot of free pizza. A whopping $16,000 worth, to be exact. Let's start at the beginning. Schnatter, now 54, had always dreamed of opening his own a pizza joint. In high school, he worked at Rocky's, a pizza and sub shop in his hometown of Jeffersonville, Indiana, where he first fell in love with making pizza. He got through college by working at a place called Greek's Pizzeria and even considered dropping out of Ball State University to open a franchise, but his parents wouldn't allow it. "That's when I got the idea," he tells Business Insider. "I'd finish college and open my own restaurant. I had the recipes; I knew the equipment; I had a store layout. All I needed was a name." Schnatter says he lived six doors down from a marketing major in the LaFollette dorm at Ball State. "So I went up to him and said, 'Hey, I need a name and a logo for this concept' and he came back to me three days later with both. And I actually really liked the way the logo looked, and thought the name was pretty clever. So I said to him, 'Listen, if this ever goes big, I will give you a pizza a week for the rest of your life.'" Reuters A few years later, in 1984, Schnatter finally took a leap of faith. He was running the bar he co-owned with his father in Jeffersonville at the time when he decided to turn the tavern's broom closet into a pizza business. To make it happen, he sold his beloved Camaro Z28 for $2,800 to buy $1,600 worth of used restaurant equipment. The broom closet pizza shop eventually turned into what's now the third largest pizza chain in the world, with 4,700 restaurants around the globe and a market capitalization of $2.2 billion. "Now that we've been in business for 32 years, if you do the math, I owe him about $16,000 worth of pizza," Schnatter says. "But he's never come forward and I don't know his name or how to find him. All I know is that he was from Chicago — and that I owe him good." Thanks to this mysterious man, Schnatter is widely referred to today as "Papa," and the current Papa John's logo has only been tweaked slightly from the one his dorm mate came up with almost 35 years ago. "You really can't make this stuff up," Schnatter says. "It's incredible." NOW WATCH: 10 habits you should break to be more productive in 2016
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Greece's economic crisis goes on, like an odyssey without ...
Last year was deeply tumultuous for the troubled country but with growing fears of social unrest, 2016 could be even more unpredicatable When Stavros ...
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Jet-setter Princess Olympia of Greece takes to the slopes ...
Jet-setter Princess Olympia of Greece takes to the slopes in Aspen with her high-society friends, including Kyra Kennedy - one week after a Christmas getaway in the ...
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Why the Great Malaise of the World Economy Continues in 2016
The year 2015 was a hard one all around. Brazil fell into recession. China's economy experienced its first serious bumps after almost four decades of breakneck growth. The eurozone managed to avoid a meltdown over Greece, but its near-stagnation has continued, contributing to what surely will be viewed as a lost decade. For the United States, 2015 was supposed to be the year that finally closed the book on the Great Recession that began back in 2008; instead, the U.S. recovery has been middling. Indeed, Christine Lagarde, managing director of the International Monetary Fund, has declared the current state of the global economy the "new mediocre." Others, harking back to the profound pessimism after the end of World War II, fear that the global economy could slip into depression, or at least into prolonged stagnation. In early 2010, I warned in my book "Freefall," which describes the events leading up to the Great Recession, that without the appropriate responses, the world risked sliding into what I called a "Great Malaise." Unfortunately, I was right: We didn't do what was needed, and we have ended up precisely where I feared we would. The economics of this inertia is easy to understand, and there are readily available remedies. The world faces a deficiency of aggregate demand, brought on by a combination of growing inequality and a mindless wave of fiscal austerity. Those at the top spend far less than those at the bottom, so that as money moves up, demand goes down. And countries like Germany that consistently maintain external surpluses are contributing significantly to the key problem of insufficient global demand. At the same time, the U.S. suffers from a milder form of the fiscal austerity prevailing in Europe. Indeed, some 500,000 fewer people are employed by the public sector in the U.S. than before the crisis. With normal expansion in government employment since 2008, there would have been two million more. > The obstacles the global economy faces are not rooted in economics, > but in politics and ideology. Moreover, much of the world is confronting -- with difficulty -- the need for structural transformation: from manufacturing to services in Europe and America, and from export-led growth to a domestic-demand-driven economy in China. Likewise, most natural-resource-based economies in Africa and Latin America failed to take advantage of the commodity price boom underpinned by China's rise to create a diversified economy; now they face the consequences of depressed prices for their main exports. Markets never have been able to make such structural transformations easily on their own. There are huge unmet global needs that could spur growth. Infrastructure alone could absorb trillions of dollars in investment, not only true in the developing world, but also in the U.S., which has underinvested in its core infrastructure for decades. Furthermore, the entire world needs to retrofit itself to face the reality of global warming. While our banks are back to a reasonable state of health, they have demonstrated that they are not fit to fulfill their purpose. They excel in exploitation and market manipulation; but they have failed in their essential function of intermediation. Between long-term savers (for example, sovereign wealth funds and those saving for retirement) and long-term investment in infrastructure stands our short-sighted and dysfunctional financial sector. Former U.S. Federal Reserve Board Chairman Ben Bernanke once said that the world is suffering from a "savings glut." That might have been the case had the best use of the world's savings been investing in shoddy homes in the Nevada desert. But in the real world, there is a _shortage_ of funds; even projects with high social returns often can't get financing. The only cure for the world's malaise is an increase in aggregate demand. Far-reaching redistribution of income would help, as would deep reform of our financial system -- not just to prevent it from imposing harm on the rest of us, but also to get banks and other financial institutions to do what they are supposed to do: match long-term savings to long-term investment needs. > Optimists say 2016 will be better than 2015. That may turn out to > be true, but only imperceptibly so. But some of the world's most important problems will require government investment. Such outlays are needed in infrastructure, education, technology, the environment and facilitating the structural transformations that are needed in every corner of the earth. The obstacles the global economy faces are not rooted in economics, but in politics and ideology. The private sector created the inequality and environmental degradation with which we must now reckon. Markets won't be able to solve these and other critical problems that they have created, or restore prosperity, on their own. Active government policies are needed. That means overcoming deficit fetishism. It makes sense for countries like the U.S. and Germany that can borrow at negative real long-term interest rates to borrow to make the investments that are needed. Likewise, in most other countries, rates of return on public investment far exceed the cost of funds. For those countries whose borrowing is constrained, there is a way out, based on the long-established principle of the balanced-budget multiplier: An increase in government spending matched by increased taxes stimulates the economy. Unfortunately, many countries, including France, are engaged in balanced-budget contractions. Optimists say 2016 will be better than 2015. That may turn out to be true, but only imperceptibly so. Unless we address the problem of insufficient global aggregate demand, the Great Malaise will continue. _EARLIER ON WORLDPOST: _ -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.
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Eide to meet Kotzias in Athens on Tuesday
Athens, January 4, 2016/Independent Balkan News Agency Greek Foreign Minister Nikos Kotzias will hold a meeting tomorrow with the UN Secretary General’s Special Advisor on Cyprus, Espen Barth Eide. The meting will be held at 3 pm Tuesday in Athens. The Cyprus News Agency (CNA) has been told by a high-ranked official in the Foreign […]
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Agriculture Minister travels to Egypt to prepare trilateral meeting between Cyprus-Greece-Egypt
Nicosia, January 4, 2016/Independent Balkan News Agency Agriculture Minister Nikos Kouyialis travels to Egypt for a preparatory meeting in view of a trilateral meeting between Cyprus, Egypt and Greece scheduled to take place in January. Speaking to the press on Monday, the Minister said that the Government attaches great importance to the conclusion of the […]
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Ai Weiwei Establishes Studio on GREEK Island, 2015 Market Review, and More
Ai Weiwei Establishes Studio on GREEK Island: Ai Weiwei has opened a studio on the GREEK island of Lesbos to draw attention to the refugee crisis ...
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Sweden And Denmark Tighten Up Borders Amid Refugee Crisis
COPENHAGEN, Denmark (AP) — Denmark and Sweden tightened border checks on Monday to stem the flow of refugees and migrants coming in from Germany, dealing fresh blows to the vision of a Europe without national boundaries. As of midnight Sunday, Sweden demanded that all passengers traveling by train from Denmark show ID, something that hasn't been required since the 1950s. Within hours of the Swedish measure taking effect, the Danish government announced it was stepping up controls of its border with Germany, to make sure that refugees and migrants headed for Sweden don't get stuck in Denmark. "The government doesn't want Denmark to become a new big destination for refugees," Prime Minister Lars Loekke Rasmussen said. The moves were the latest by European Union countries to suspend an agreement to keep internal borders open after 1 million refugees and migrants entered the 28-nation bloc in 2015, most of them by crossing the Mediterranean to Greece or Italy. Loekke Rasmussen said if the EU can't protect its external border "you will see more and more countries forced to introduce temporary border controls." Refugee rights advocates warned of a domino effect, with European countries tightening their borders one by one and cutting off the main migrant routes through Europe. When the new Swedish rules were announced last month, the U.N. High Commissioner for Refugees said they "could have the effect of preventing individuals from exercising the right to seek asylum." To comply with the new rules, passengers on Monday had to show identification to board trains departing from Copenhagen Airport to Sweden across a bridge-and-tunnel link. The move was meant to deter refugees and migrants, many of whom are entering illegally. It appeared to have an immediate effect. Swedish police spokeswoman Ewa-Gun Westford said that as of midday Monday only one asylum-seeker had arrived by train across the bridge. At the height of the migrant crisis a few months ago, more than 1,000 asylum-seekers crossed the bridge daily. In response, Denmark beefed up its border controls with Germany as of noon Monday (1100 GMT, 6 a.m. EST). The Danish prime minister said the move was necessary because the Swedish rules "could lead to more refugees and migrants being stopped on their journey northward, and therefore ending up with us in Denmark." He said the Danish checks wouldn't be as far-reaching as the Swedish ones, entailing only "spot checks" on passengers on trains crossing the mainland border on the Jutland peninsula and on ferries arriving in the Danish ports of Gedser and Roedby. He said there would be no problem for "ordinary" Danes and Germans to cross the border. "We are not talking about controlling everyone coming in from Germany," he said. His center-right government has taken a series of measures to discourage refugees and migrants from coming to Denmark, including a proposal to seize their jewelry to cover their expenses in the country. Sweden's left-leaning government initially had a welcoming attitude to refugees and migrants, but reversed course after more than 160,000 Syrians, Iraqis, Afghans and others applied for asylum in 2015, the highest number in Europe except for Germany. German officials said Europe's system of passport-free travel across borders is in danger following the Scandinavian moves. Foreign Ministry spokesman Martin Schaefer said that the so-called Schengen system of passport-free travel "is very important, but it's in danger due to the flow of refugees that we in Europe have indeed been struggling to deal with in the past months." He echoed other German officials' calls for a pan-European agreement on how to control the movement of refugees and migrants across borders. Interior Ministry spokesman Johannes Dimroth said Germany would carefully watch the Danish border controls to evaluate "whether and how this affects migration northward from Germany." Germany introduced border controls of its own on the Austrian frontier in mid-September. More than 190,000 refugees and migrants crossed the German-Danish border last year. About 13,000 applied for asylum in Denmark, while others traveled further north to Sweden, Norway and Finland, Loekke Rasmussen said. ___ Karl Ritter reported from Stockholm. Geir Moulson and Frank Jordans in Berlin contributed to this report. _ALSO ON HUFFPOST:_ -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.
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Soccer-Greek championship fixtures
Jan 4 (Infostrada Sports) - Fixtures from the Greek championship matches on Monday Saturday, January 9 (GMT) Atromitos Athinon v Platanias (1300) Veria v Panthrakikos ...
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Varoufakis Set to Launch Political Movement in Berlin, February 9
Former Greek Finance Minister Yanis Varoufakis is reportedly set to unveil his new European left-wing political movement in Berlin on February 9th, Deutsche Welle reports. Varoufakis had already revealed his plans to launch such a movement back in December. The event is slated to take place at the Volksbuhne Theater in Berlin. The theater has Varoufakis appearing
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Greek University Students Win World Law Debate Competition
Two law students from the National Technical University of Athens (NTUA) claimed the first spot in one of the categories of the World Universities Debating Championships, January 3, in the city of Thessaloniki. The victorious team composed by speakers Maria Rousi and Thodoris Dounias was competing in the English as a Foreign Language (EFL) category. After going through
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Greek EconMin: New Development Law Will Put An End to Old Mistakes
A new development law to be tabled to Parliament soon will include 3-4 basic principles, it will be simplified compared with a prevailing bureaucracy and will put an end to mistakes made in the past such as no safeguarding of funds and piling up state debts to private investors, Economy Minister George Stathakis said on
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Former Greek Ministry Defense Officials Charged with Breach of Faith
A Greek prosecutor has charged eight Greek Ministry of Defense officials for breach of faith committed in 2003. The charges concern a contract to install upgrades in Greek Navy “S” class frigates, which prosecutors found was worth less than it should have. The specific contract cost 381,578,580 euros, real.gr reports. The prosecutors have also deemed it necessary that
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Inequalities in private & public sector: There is something wrong in Greece’s pension system
There is certainly something wrong in the Greek pension system as it divides the people in two social classes: the class of civil servants and the class of private sector workers. There is a lot of talk and scenarios about the future plans of the pensions reform as they are […]
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5 oddly effective foods for the athlete’s cabinet
Source: www.grindtv.com - Monday, January 04, 2016 Athletes are often adventurous when it comes to experimenting with weird or wild foods to fuel their bodies and sports. In fact, some are rather fanatical about whipping up power-packed concoctions pre- and post-workout. But let’s face it, shakes and bars get boring. Here are a few surprising natural fruits, veggies and ancient grains that could shake you out of a fitness-food funk while helping with muscle damage, cramps, endurance and more. Tart cherries: Recovery aid Colorful tart cherries pack a powerful punch for recovering muscles. Photo: Courtesy of the Cherry Marketing Institute Montmorency tart cherries are bright red for a reason. The stunning color comes from the fruit’s concentration of anthocyanins, a type of phytonutrient thought to help reduce muscle damage and strength loss, essentially acting as a recovery aid after intense exercise. “Weekend warriors and exercise enthusiasts, like myself, are looking for more natural food sources to aid recovery,” nutritionist and acclaimed running and triathlon coach Matt Fitzgerald , who has incorporated Montmorency tart cherry juice into his routine, told GrindTV. “I add Montmorency tart cherry juice, frozen tart cherries and Greek yogurt to my pre-workout smoothie and drink the second serving as soon as I get home. “Studies have shown that cyclists and marathon runners who drink two 8-ounce servings of tart cherry juice daily had accelerated recovery, reduction of exercise-i All Related
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Rijk Zwaan launches GREEK subsidiary
According to the group, the new subsidiary is expected to respond to the needs of the GREEK vegetable sector even more effectively than Agrosystem.
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| READ THE ORIGINAL POST AT www.fruitnet.com |
Campaign Launched for the GREEK Islands to Win the Nobel Prize
Activists have started an online campaign, requesting that the GREEK islands receive the Nobel Peace Prize, for their response to the refugee crisis.
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Without Reform, Greek Pension System Will Go Bust; Scramble On Now
With Prime Minister Alexis Tsipras frantically trying to wiggle out of an agreement to cut pensions, the system is in such bad shape that without major reform it will be out of money in a year, the Labour Ministry's General Secretary said. The post Without Reform, Greek Pension System Will Go Bust; Scramble On Now appeared first on The National Herald.
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Most Greeks Expect More Misery
Coming up on six years of austerity measures, more than half of Greeks expect their lives will get worse no matter who's in power anymore. The post Most Greeks Expect More Misery appeared first on The National Herald.
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Stournaras Says Greece Must Relent
Bank of Greece Governor Yannis Stournaras says the government has no choice but to do the bidding of creditors and impose more austerity. The post Stournaras Says Greece Must Relent appeared first on The National Herald.
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Sweden, Denmark introduce border checks to stem migrant flow
Just hours after Swedish rules went into effect requiring train passengers traveling from Denmark to show ID, the Danish government announced it had beefed up border controls with Germany as of noon Monday (1100 GMT, 6 a.m. EST). The moves were the latest by European Union countries to suspend an agreement to keep internal borders open after 1 million migrants entered the 28-nation bloc in 2015, most of them by crossing the Mediterranean to Greece or Italy. "If the European Union cannot protect the external border, you will see more and more countries forced to introduce temporary border controls," Loekke Rasmussen said. The Swedish government initially had a welcoming attitude to migrants, but reversed course after more than 160,000 Syrians, Iraqis, Afghans and others applied for asylum in 2015, the highest number in Europe except for Germany.
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Europe's December manufacturing PMIs
Italy is the star performer, beating forecasts by a long way, and Greece's factories have returned to growth for the first time since May 2014.
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The top 10 food and drink holidays in Greece
… • Greece's 11 least populated islands 4. Arhánes village, Crete Since … : the best-kept secret in Greece? 7. Greek gastronomy on Santorini Santorini’s … regarded winery 9. Olive harvest, Crete Crete’s fertile soils and hot …
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The top 10 cultural holidays in Greece
… cultural/archaeological/culinary tours of Greece (plus Turkey and Italy), Peter … the Greek island of Crete. Led by Dr Konstantine Politis, a Greek archaeologist … 19 best Greek islands 10. Ceramics workshops in northern Greece Hector Mavridis …
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The best activity holidays in Greece
… .com). MD • The 19 best Greek islands 3. Rock-climbing on Kálymnos … 1573 8657607; cycle-greece-peloponnese.com). MD • Greece's 11 least populated … ? Greece expects record visitor numbers in 2016 9. Cycling on Crete Against …
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GREEK islands 'nominated' for Nobel Peace Prize
“The people of Lesbos and other GREEK islands in the East Aegean, despite the on-going fierce economic crisis, have fought with the waves to save ...
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| READ THE ORIGINAL POST AT in-cyprus.com |
New Rijk Zwaan subsidiary in GREECE
Rijk Zwaan has been active in GREECE for more than 35 years and has built up a sizeable market share in different vegetable crops. “Our own ...
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Light Quake Jolts Nisyros, Greece
A light quake measuring 4.1 on the Richter scale was recorded at 04:58 on Monday at the sea region south of the island of Nisyros. According to the Athens National Observatory Geodynamics Institute the quake’s epicenter was located 25km south of Nisyros and 326km east of Athens. (Source: ANA-MPA)
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New Year’s Day Tragedy: Two Missing Men Found Dead
On Monday, at noon, Greek Police found the two men who were missing since New Year’s Day near Missolonghi, Etoloakarnania. They were found inside their vehicle and were pronounced dead. The vehicle was found upturned in an irrigation canal at Acheloos river. The spot was covered by reeds and it was near the road between the villages of Katohi
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2016 – The Year of New Greek Tax Hikes
I suppose, the majority of Greeks spent the 3-days break with their television set off. That’s why, they are still alive on Monday, January the 4th. Had they turned their TVs son, they would had for sure suffered brain strokes, heart collapses and breath halting due to the tsunami of […]
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10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA)
Reuters/Dominic Ebenbichler Here is what you need to know. CHINA'S STOCKS WERE HALTED AFTER GETTING SMOKED. China's Shanghai Composite had an awful start to 2016. Stocks came under heavy selling pressure at the open after disappointing manufacturing data and a weaker yuan. The index sank to a loss of 5%, triggering a 30-minute halt, and then reopened to further weakness before being halted for the remainder of the session, down 7%. CHINESE MANUFACTURING DISAPPOINTED. China's Caixin-Markit Manufacturing PMI fell to 48.2 in December. The reading was down from the previous look of 48.6 and shy of the 49.0 that economists were expecting. China's manufacturing sector has been in contraction for 10 consecutive months, and it is now at its lowest level since September. The Chinese yuan fell 0.7% to 6.5359 per dollar, the weakest it has been since April 2011. STOCK MARKETS ALL OVER THE WORLD ARE IN THE RED. Aside from the bloodbath in China, Japan's Nikkei (-3%) was the worst performer in Asia. In Europe, Germany's DAX (-3.8%) leads markets lower. S&P 500 futures are down 35.00 points at 2,000.50. SAUDI ARABIA HAS BROKEN OFF TIES WITH IRAN. On Sunday, Saudi Arabia gave Iranian diplomats 48 hours to leave the country. The announcement came in response to Iranian protesters who, upset over the execution of a prominent Shiite cleric and 46 others, attacked Saudi Arabia's embassy in Tehran. On Monday, Bahrain announced it too would be severing ties with Iran. CRUDE OIL IS BID. The breakdown of relations between Iran and Saudi Arabia has put a bid into oil. Early strength ran West Texas Intermediate up to $38.32 a barrel. Most of the strength has dissipated, however, and the energy component is now higher by 0.5% at $37.24. EUROPE'S ENTIRE MANUFACTURING SECTOR IS EXPANDING. Eurozone Final Manufacturing PMI ticked up to 53.2 for December, a tad better than the preliminary look of 53.1. Italy and Greece saw the biggest improvements, as their readings jumped to 55.6 and 50.2, respectively. The entire region saw PMIs above the 50 mark, which is the line between expansion and contraction. SHIRE WANTS TO BUY BAXALTA. Bloomberg reports that Shire in closing in on a deal to buy its rival Baxalta for about $32 billion in stock and cash, excluding debt. Two people familiar with the talks told Bloomberg the deal was likely to be for $46.50 to $48 a share. The merger would give the new company $20 billion in sales within five years and a pipeline of more than 30 new drugs, according to Shire. TESLA DELIVERED MORE THAN 50,000 VEHICLES IN 2015. Tesla delivered 50,580 vehicles in 2015. While impressive, the number was on the low end of the 50,000-to-55,000 range the company had forecast in the middle of 2015, and it was well short of the 55,000 it was projecting at the beginning of the year. According to a statement released by Tesla, "Model X deliveries are in line with the very early stages of our Model X production ramp as we prioritize quality above all else." SAMSUNG SEES A WEAK 2016. The electronics maker says 2016 will most likely be a difficult year for the company. Reuters reports that Samsung CEO Kwon Oh-hyun gave a New Year's address, saying weak global growth and increased competition in key businesses will be problematic for the company in 2016. Samsung did not offer any new guidance. US ECONOMIC DATA IS LIGHT. Construction spending and ISM Index are both due out at 10 a.m. ET. The US 10-year yield is down 5 basis points at 2.22%. NOW WATCH: JIM CRAMER: These are the best and worst stocks for 2016
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| READ THE ORIGINAL POST AT www.businessinsider.com |
Italy and GREECE surprise as the Eurozone reports strong manufacturing data
Data from GREECE shows that manufacturing is growing in the country for the first time in 12 months - its manufacturing PMI was 50.2, its highest value ...
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| READ THE ORIGINAL POST AT www.newstalk.com |
Italy and Greece are Europe's star pupils
… by a long way, and Greece's factories have returned … .2, against forecasts of 53; Greece: 50.2, up from 48 …
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| READ THE ORIGINAL POST AT world.einnews.com |
The Greek Banker Who's Making Wall Street Big In Japan... Again
Japanese banks have been a long-running joke on Wall Street. One Greek-American banker with a taste for the glory days of finance aims to change all that.
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| READ THE ORIGINAL POST AT www.forbes.com |
Recovery in GREECE – manufacturing expands first time in a year
GREECE manufacturing sector posted first expansion in 12 months, as measured by market manufacturing PMI. Headline PMI came at 50.2, above 50 ...
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| READ THE ORIGINAL POST AT www.econotimes.com |
Auction of Greek 26 weeks treasury bills
Athens, January 4, 2016/Independent Balkan News Agency By Olga Mavrou On January 5, 2016 the Hellenic Republic will auction 26 Weeks T-Bills, in book entry form, with maturity July 8, 2016. The amount to be auctioned is 1,250 million euro and settlement date is January 8, 2016 (T+2). Only Primary Dealers are allowed to participate, […]
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| READ THE ORIGINAL POST AT www.balkaneu.com |
Legalize your revenues and you’ll have 20-70% discount on taxes
Athens, January 4, 2016/Independent Balkan News Agency By Olga Mavrou The government in an effort to bring back to Greek banks the money that were “lost” during the capital run of recent years or were deposited in foreign banks for the purpose of tax evasion, is planning to offer a “new deal”: if companies or individuals […]
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| READ THE ORIGINAL POST AT www.balkaneu.com |
New refugee arrivals
Athens, January 4, 2016/Independent Balkan News Agency By Olga Mavrou At least 2,000 refugees are expected to arrive today at Piraeus port, from Mytilene and Chios –another 700 refugees arrived earlier from Samos and Chios with other ships. From New Years Eve up to now Greek coast guard has rescued 596 refugees and migrants in 13 separate cases off the coast of Mytilene, Chios, Agathonisi and Kos. Unfortunately, the […]
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| READ THE ORIGINAL POST AT www.balkaneu.com |
Greek Minister Wants to Ensure Crucial Security Reforms Bill is Passes
Greek Labor Minister Giorgos Katrougalos is to brief today, January 4, the President of the Hellenic Republic Prokopis Pavlopoulos and political party leaders on the final proposal on the security fund reforms bill. On January 18th, the final round of negotiations with the heads of Greece’s international lenders will commence. The bill will be tabled
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Petition: Award residents of Greek islands with the Nobel Prize for their Contribution to Refugee Crisis
More than 800,000 refugees and migrants passed through the Greek islands of the Eastern Aegean Sea on their way to Europe for a better future. While local authorities and the central government were too slow to react to the challenge of thousands of people stranded, the residents of the islands […]
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| READ THE ORIGINAL POST AT www.keeptalkinggreece.com |