How the world sees Greece
ATHENS— Risking sanctions from FIFA, Greece’s government has postponed Saturday’s Greek Cup final, citing security concerns. Stavros Kontonis, a deputy minister for sport, announced the decision Friday, noting that the final between champion Olympiakos and AEK Athens would be delayed for “at least 10 days.” Fans had already been banned from the game at the 69,000-seat Olympic […]
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ATHENS — More than 20,000 slogan-chanting, pro-communist protesters have taken to the streets of Athens to protest against the left-led government’s pension and tax reform bill, which is being debated in Parliament. The march, organized by a union affiliated with the Greek Communist Party, ended peacefully in front of the Greek Parliament. It was joined […]
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[navy attack submarine]Reuters/US Navy Handout There's a staggering amount of government bonds around the world with yields below zero. Fitch credit researchers crunched the data to find that $9.9 trillion in global sovereign debt had negative yields as of April 25. That's composed of $6.8 trillion of long-term debt, and $3.1 trillion in short-term debt. "Unconventional monetary policies, regulatory risk mitigation by banks and a flight to safety in global financial markets have all contributed to a rapid rise in the amount of sovereign debt trading with a negative yield," wrote Robert Grossman, managing director of macro credit research, in a report Wednesday. The rush into sovereign debt — by governments to encourage lending and by investors to find safer assets — has helped to raise bond prices and pushed down yields. Japan accounts for the majority of global negative-yielding debt — 66%. This chart shows its debt alongside other countries with negative yields. [Screen Shot 2016 05 04 at 2.22.11 PM]Reuters/US Navy Handout On Japan, Grossman further noted that Japanese debt had negative yields out to 11 years of maturity as of April 25. The Bank of Japan's negative-interest-rate policy and increased buying of government bonds has helped keep yields under zero. "Despite gains booked on many of these securities over the last several years, yields for these institutions’ portfolios have fallen sharply, and their ability to maintain profits has been reduced," Grossman wrote of the impact on investors. "Banks are already passing on increased costs to certain customers, and insurance companies are assuming incremental risks to compensate for negative yields." Also, negative-yielding bonds in some of the world's most developed economies means that investors will continue to demand the debt considered safest of them all: US Treasurys. "As sovereign bond investors seek alternatives to negative-yielding assets in Japan and Europe, demand for U.S. Treasurys and other higher-yielding government securities could keep long-term rates low," Grossman said. "This could also complicate any attempts by the Fed to tighten policy by raising short-term interest rates later this year." This chart from Deutsche Bank chief international economist Torsten Sløk illustrates that the hunt for yield will continue to drive investors to treasuries. [Screen Shot 2016 05 04 at 2.28.59 PM]Reuters/US Navy Handout NOW WATCH: FORMER GREEK FINANCE MINISTER: The single largest threat to the global economy
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The Greek Municipalities of Therapeutical Sources (S.D.I.P.E.) will participate in the “Exhibition of Tourism” taking place in downtown Athens. Furthermore, they plan on attending the 2016 Festival of Tourism at New Beach in Thessaloniki. Athens The exhibition, taking place from May 13-15, is organized by the Greek Tourism Ministry and the Greek Tourism Organization (EOT) and presents a wonderful
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Spectators and local authorities gathered at the monument of ancient Spartan warrior king Leonidas at Thermopylae on Friday for the ceremonial start of the SEAJETS Acropolis Rally of Greece. A whopping 81 crews entered this year’s rally made all-the-more spectacular thanks to its return to the mountainous dirt track around Lamia, however, at the end
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Greek Finance Minister Euclid Tsakalotos reportedly sent a letter to his Eurozone counterparts, ahead of a Eurogroup meeting on Monday, warning that it is not possible for contingency measures worth 3.6 billion euros to be imposed. The letter, exposed by German MNI news agency, states that the Greek government has upheld its part of a
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The gates of the National Gardens of Athens were shut down on Friday and all entry points to the grounds will remain closed until Monday. The unprecedented closure of the gardens, near Greek Parliament, has prompted the anger of citizens groups and social media users. The decision to restrict entry to the large park was made
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Outside the entrance of the Military Academy in Ankara, a plaque displays for everyone to see the following wording: “Turklrin en Buyuk dusman Rus bir Yunan iki,” which translates to, “The greatest enemy of the Turkish nation is a Russian first and then a Greek.” The same hawkish mentality also applies to the Turkish-occupied region of
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15 uniformed officials, mainly police officers belonging to the Hellenic Federation of the Police (POASY) and unionists from the Greek Coast Guard and Fire Brigade, gathered at the central offices of the ruling Radical Left Coalition (SYRIZA) party in central Athens. Holding banners, they occupied the building to protest against pension reforms, ahead of a
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Thousands of GREEKS take part in a rally to urge voters to say "Yes" in the July 5 referendum in Athens, Greece, on June 30, 2015. Greece's pro euro ...
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May 7 (Infostrada Sports) - Result from the Greek Cup Final match on Saturday Next Fixtures: Final Saturday, May 7 (GMT) Olympiakos Piraeus v AEK Athens (1730) Postponed Soccer Sports & Recreation
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… , which is increasingly expensive (in Greece) despite the fall in prices … to office in January 2015. Greek airports were not affected, however … ($95 billion) bailout for debt-crippled Greece agreed last July. Lawmakers are …
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ATHENS, May 7 (Xinhua) -- A new GREEK crisis will not be beneficial to anyone, GREEK Finance Minister Euclid Tsakalotos said in a letter addressed to ...
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Professor David Weintraub is serving as the chair of the Faculty Senate GREEK Life Task Force. Weintraub also served as chair of the Vanderbilt ...
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Greece halted to standstill with a snap 48-hour public-sector strike on Friday and Saturday ahead of a vote by the country’s left-led SYRIZA government on proposed tax changes late on Sunday. Amid the strike action, a bill discussed in Greek Parliament ...
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Discover Greece, an interactive tourism platform, is inviting guests to count down the hot days of summer by pitting two of the hottest spots in Greece – Rhodes and Crete – against each other in the Hot Summer contest that runs through to May 15.
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LONDON: Directors Clay Kaytis and Fergal Reilly have recently opened up about their upcoming adventurous film 'The Angry Birds, linking their anger ...
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Sofia. 10 buses with our fellow citizens are stranded on the GREEK island of Kerkyra, the press office of the Bulgarian Ministry of Foreign Affairs ...
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The GREEK Coast Guard, which is responsible for law enforcement in Piraeus, has been trying to encourage refugees to board buses bound for ...
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It began with Cybele and Rhea, mythological goddesses honored with GREEK and Roman festivals, some lasting as long as three days. Rhea was the ...
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Maybe the soccer gods just don't want the GREEK Cup final to be played? Because no matter what happens, it feels like they just can't get the match ...
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The GREEK debt crisis flared up again Friday when labor unions called for a general strike to protest a new round of taxes and cuts to pensions.
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There are skewers and wraps with the likes of pork, pulled pork, chicken, and wild boar sausage, side dishes like a rich baked feta and a GREEK salad, ...
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The march, organized by a union affiliated with the GREEK Communist Party, ended peacefully in front of the GREEK Parliament. It was joined by several ...
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However, with the Brexit referendum in the UK looming, analysts said that EU officials will be keen to keep talk of another GREEK crisis quiet.
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Modus Vivendi Heads To GREECE For New Swimwear Shoot ... new Modus Vivendi swimwear campaign shot by P2Photography in Chalkidiki, GREECE.
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Wojciech Chuchała leads again in the ERC2 class after the first three stages of the SEAJETS Acropolis Rally, but the Subaru Poland Rally Team star ...
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BERLIN (Reuters) – German Vice Chancellor Sigmar Gabriel urged euro zone finance ministers to start talks on debt relief for GREECE, saying it made ...
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Last September, Naguib Sawiris, one of the world's most audacious and ultimately successful entrepreneurs, offered to buy an island for refugees in ...
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"What GREECE now needs is a clear statement, of measures... which will help investor confidence that GREECE has turned the corner, and that country ...
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GREECE is a financially strapped European Union nation of 11 million people, with unsustainable debt, a rapidly shrinking economy and strong public ...
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While GREECE'S leftist-led government has mostly reached agreement with its official lenders on a 5.4 billion euro package of measures to hit a 3.5 ...
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Euro-area governments are reviewing whether to release the second installment of an 86-billion-euro bailout for GREECE, six months after it was ...
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A three-day general strike is taking place in Athens over pension cuts and further tax increases, as the Greek government brings in more austerity ...
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GREECE'S government is set to pass controversial pension cuts on Sunday. Retirees are livid, and unions are on strike, Jannis Papadimitriou reports ...
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FRANKFURT—German Vice Chancellor Sigmar Gabriel said that GREECE'S debt burden needed to be reduced, signaling a clash inside the German ...
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The Greek Spring Festival is happening right now in Downtown Charleston. The festival is back at the Greek Orthodox Church of Holy Trinity at 30 Race Street. Traditional Greek foods sold will include dolmades (grape leaves stuffed with rice and meat ...
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Greek Prime Minister Alexis Tsipras shakes hands with IMF Managing Director Christine Lagarde, right, during a bilateral meeting at the World Economic Forum in January. Photo: Associated Press A letter from the International Monetary Fund’s chief ...
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Hedge funds are getting hit by a double whammy of declining performance and fed-up investorspulling their money. While the first problem may be a function of short-term market troubles, the second problem may be the result of a structural shift, according to some investors. "You've seem some of the California pensions, some New York pensions, and even todayMetLife said they are walking out of a $1.8 billion hedge fund allocation," Michael Gregory, chief investment officer at Highland Alternative Investors, a division of the firm Highland Capital Management, told Business Insider on Thursday. NOW WATCH: FORMER GREEK FINANCE MINISTER: The single largest threat to the global economy
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Tourists stuck on GREEK islands since Friday due to a general strike that has halted ferry services will be transported to the mainland by air, Bulgarian ...
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Ancient GREECE brought to life in themed day at Brandeston Hall. 10:00 07 May 2016. Year 3 pupils at Brandeston Hall enjoy Ancient GREECE day.
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The Greek parliament has opened a two-day debate on tough new pension and tax measures demanded by bailout creditors amid a wave of unannounced strikes that shut down local media outlets, public transport and ferries to the Aegean islands. A vote is due on ...
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… ? 4. MYTHOLOGY: Which of the Greek Muses was associated with history …
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People line up for My Big Fat GREEK Wedding 2. UPDATED 8:31 PM CDT May 06, 2016. Tweet. Next Video: Discovery of California Amber Alert boy ...
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Chelmsford is set to be hotter than much of continental Europe today (May 7) as forecasters predict the hottest weekend of the year is upon us. The city ...
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"Geoffrey Pyatt is chosen the next U.S. ambassador to GREECE. Pyatt became widely known due to a conversation he had with US Deputy Minister for ...
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So nuts that The Donald has finally come out with his Big Plan for the Economy: Let's make like GREECE and default on the national debt. Put this on a ...
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Public transport ground to a halt in Greece on Friday as trade unions launched a 48-hour general strike against government plans to overhaul pensions and increase taxes, as demanded by international creditors.
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[tightrope] Nothing is easy in business, and no one ever claimed it would be. The challenge that companies now face may be a little more difficult than usual, however, according to Mike Thompson chairman of S&P Investment Advisory services. "Running a publicly traded company is a serious balancing act," Thompson told Business Insider. "You have to appease both long-term and short-term investors in order to keep yourself around and that's incredibly hard." Thompson, whose firm provides equity research for S&P and has $30 billion in assets under advisement, said the current economic environment is particularly tricky for companies. There's little growth, choppy markets, and rampant uncertainty so knowing where the line for short- versus long-term is a tough task. Right now, according to Thompson, most companies are rightfully leaning towards the short-end. Buying back shares and appeasing investors with debt financing makes sense since interest rates are so low. Once the macro-environment turns around, said Thompson, companies should lean harder on equity financing to pay down that debt. Thompson, in fact, had a radical thought on what companies should be doing right now. "I question the value of having a public company right now," Thompson told Business Insider. "This is the type of environment to stay private, work off of debt, and then go public when that's no as accessible." The tricky part of that is knowing when these factors are going to turn around. For one thing, the Fed's interest rate outlook is perplexing and there is conflicting data on whether or not it is harder to get loan. Additionally, as we've noted in the past, falling off either side of this tightrope is getting more and more dangerous for companies. If you focus too much on the long-term, the penalty for missing on earnings is severe. Whereas, if you go too short-term, this can draw criticism for financial engineering. Striking the balance is key according to Thompson. The solution, in Thompson 's opinion, is that companies (and investors) should focus less on their earnings per share or price to earnings ratios and more on one number: return on invested capital (ROIC). ROIC is a measure of return to the company made on each dollar invested, whether it be on a buyback, hiring an employee, or building a factory. Companies with increasing ROIC, according to Thompson, typically outperform the market. "Basically ROIC is like if you were to wake up in the morning and everything goes right," Thompson told us. "You get the perfect parking spot at the train station, you arrive right when the train gets there, you get in to work at the exact right time. If every decision you make turns out really well, that's a good analogy for a high ROIC. It's a referendum on your decision-making." In his opinion, as long as the company is growing their ROIC, they are succeeding in their balancing act. SEE ALSO: SOME OF THE WORLD'S MOST INFLUENTIAL INVESTORS GOT TOGETHER AND THEIR OUTLOOK WAS INCREDIBLY GRIM Join the conversation about this story » NOW WATCH: FORMER GREEK FINANCE MINISTER: The single largest threat to the global economy
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The great GREEK wine revolution. Sales are soaring thanks to younger drinkers looking for something different. Our expert picks her favourite bottles.
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