How the world sees Greece
The discussions between the Turkish Cypriot leadership and the Republic of Cyprus are intensifying and the Greek Cypriot working group on property issues is getting more active. A similar Turkish Cypriot working group is also meeting. The efforts of both groups are aimed at bridging the position of the two sides the negotiations` table. “The Greek […] The post Property Talks Intensify appeared first on The National Herald.
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The re-opening of the Athens Stock Exchange, closed five weeks, turned into a financial bloodbath as investors panicked. The post World Press: Jittery Investors Flee Greek Stock Market Fast appeared first on The National Herald.
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U.S. Treasury prices climbed on Monday, after Greek stocks sold off sharply after the market opened for the first time in five weeks, lifting demand for ...
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By David FrancisDavid Francis is a staff writer for Foreign Policy, where he oversees FP's breaking news blog, The Cable. An award-winning journalist ...
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… archaic and early-classical periods of Greek. He edited the two vast … his intimate knowledge of ancient Greek poetry in books which surveyed … University College, Oxford; professor of Greek at Bedford College, London; and …
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The re-opening of Greece’s stock exchange after five weeks sent the market into one of the biggest single-day nose dives in the history of stock market trading, leaving Greek companies worth 85 per cent less than they were in 2007.
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Stocks closed the session in the red but above the worst levels of the day, with the energy sector leading losses on the S&P 500. Crude oil prices fell to fresh lows. First, the scoreboard: Dow: 17,598.20, -91.66, (-0.52%) S&P 500: 2,098.04, -5.80, (-0.28%) Nasdaq: 5,115.38, -12.90, (-0.25%) And now, the top stories on Monday: Oil fell to new lows on oversupply and weak demand concerns. West Texas Intermediate crude oil tumbled 4% below $45 per barrel for the first time since mid-March. Brent crude, the global benchmark, fell by about 5%, and below $50 for the first time since January. Iranian state media reported that the country could start increasing oil production as soon as one week after economic sanctions are lifted. And, China's official PMI gauge of manufacturing fell to a two-year low of 50.0. That adds to concern that demand from the world's second-largest oil consumer may slow. US manufacturing numbers kicked off a crucial month for economic data. The Institute of Supply Management's manufacturing report leaked, and came in at 52.7 for July, below the estimate of 53.5, which was also the reading for June and a year-to-date high. "Looking ahead, the manufacturing sector will probably continue to struggle as the dollar has appreciated further recently and overseas demand has remained muted," Capital Economics' Adam Collins wrote in a note to clients. Markit Economics' purchasing manager's index (PMI) came in at 53.8 for July, in line with estimates. The manufacturing report was strong overall, with production volumes rising at the fastest pace in three months, and incoming new work growing at the fastest pace since March. But taking a step back, Markit chief economist Chris Williamson said in the release, "the sector continues to endure one of the slowest growth phases seen over the past year and a half." Greek stocks got slammed after opening for the first time in five weeks. The Athens Stock Exchange (ASE) index fell by up to 23%. In a stunning data development, Greece's PMI fell to 30.2, the lowest on record, and employment fell to the weakest since Markit started tracking the numbers. Twitter shares fell to an all-time low. The stock fell 5.45% to close at a record low of $29.33. The stock has been sliding since the disappointing earnings call last Tuesday night in which interim CEO Jack Dorsey put out a tepid outlook for user base growth. Coal company Alpha Natural Resources filed for Chapter 11 bankruptcy. The filing gives the company time to reorganize its finances. The coal industry is in turmoil, as natural gas use surges and government regulation pushes demand away from the fuel. "The change and challenges the U.S. coal industry has experienced over the last several years are greater than any in the past three decades," said CEO Kevin Crutchfield in a statement. DON'T MISS: RANKED: The economies of all 50 US states and DC from worst to best »Join the conversation about this story » NOW WATCH: There is a secret US government airline that flies out of commercial airports
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