ATHENS, May 21 (Reuters) - Gazprom is squeezing Athens for better terms to buy DEPA, Greece's sole retail gas distributor, a Greek official said, as the Russian gas export monopoly leverages its strength position as the only major player in the runni

ATHENS, May 21 (Reuters) - Gazprom is squeezingAthens for better terms to buy DEPA, Greece's sole retail gasdistributor, a Greek official said, as the Russian gas exportmonopoly leverages its strength position as the only majorplayer in the running.

ATHENS, May 21 (Reuters) - Gazprom is squeezing Athens for better terms to buy DEPA, Greece's sole retail gas distributor, a Greek official said, as the Russian gas export monopoly leverages its strength position as the only major player in the runni

ByStephen Percoco:As a result of losses sustained on Greek sovereign bonds, corporate loans and residential mortgages, the Greek banking system essentially went bankrupt soon after the 2008 financial crisis. Since then, an arm of the government, the

The Supreme Court is tackling one of the most divisive First Amendment issues, agreeing on Monday to hear a case on whether an upstate New York town violated the Constitution by opening its public meetings with a Christian prayer.

Piraeus Bank (TPEIR.AT), one of Greece's largest lenders, on Monday reported a first-quarter net profit of 3.62 billion euros ($4.64 billion), largely due to a one-off capital gain of EUR3.4 billion relating to a negative goodwill contribution follow

(The following statement was released by the rating agency) LONDON, May 20 (Fitch) Fitch Ratings has upgraded National Bank of Greece's (NBG, 'B-'/Stable/'B'), Piraeus Bank's (Piraeus, 'B-'/Stable/'B'), Alpha Bank's (Alpha, 'B-'/Stable/'B') and Eurob

* Non-performing loan ratio up to 31 pct, pre-tax loss at 336 mln eur (Recasts lead, adds detail on Greek economy, company comment)

Interest rates on government debt for a number of European countries– notably Greece, Portugal, Ireland, Italy, and Spain– shot up considerably during 2010-2012. Those yields have fallen significantly from their peaks, though these five c

Team (NYSE: TISI) shares dipped 15.15% to $35.85 after the company cut its Q4 earnings forecast.National Bank of Greece SA (NYSE: NBG) fell 15% to $2.03.

  Japan has fueled much of this latest rally in stocks, driving the marketing first with promises of money printing by the Prime Minister in November 2012, and then a massive $1.2 trillion QE program announced by the Bank of Japan last month. &n

LONDON, May 20 (Reuters) - Hellenic Petroleum, Greece's largest refiner, has issued a tender to buy an 80,000 tonne cargo of Russian Urals crude oil for early June delivery, a trading source said, the first in months as its finances improve.

Judging from the markets and English-speaking news media this week, Greece’s damaged economy hasfinally turned the corner. I doubt it.

The Outlook: Can countries like Greece and Spain go on enduring the unyielding squeeze indefinitely. So far, they say yes. So, too, did Argentines in the late 1990s and early 2000s—that is, until they didn't.

ATHENS (Reuters) - Greece's bank rescue fund will aim to sell Hellenic Postbank and Proton by mid-July with big banks continuing to absorb small lenders as part of plans to revive the battered sector, the country's foreign lenders said in an inspecti

Greece's bank rescue fund will aim to sell Hellenic Postbank and Proton by mid-July with big banks continuing to absorb small lenders as part of plans to revive the battered sector, the country's foreign lenders said in an inspection review.

ATHENS, May 19 (Reuters) - Greece's bank rescue fund will aim to sell Hellenic Postbank and Proton by mid-July with big banks continuing to absorb small lenders as part of plans to revive the battered sector, the country's foreign lenders said in an

ATHENS, May 18 (Reuters) - Greece's second-largest lender Piraeus Bank has hired four international investment banks as advisers on its 7.33 billion euro ($9.4 billion) share issue, two bankers close to the procedure told Reuters on Saturday.

Inflation slowed in 24 (of 27) EU nations in April to leave the average EU rate at 1.4% (versus 1.9% in March). Greece entered deflation in March for the first time in 45 years and Latvia consumer prices fell 0.4% in April (versus +2.8% a year ago).

* Athens might try to tap bond markets in 2014 - EU official

ATHENS, May 17 (Reuters) - Greece's foreign lenders have maintained the country's privatisation revenue target of 2.6 billion euros for the year, and left the country's overall debt outlook unchanged...

Here's your reminder that the economic collapse in Greece has given rise to a sizable Neo-Nazi contingent (the Golden Dawn) in parliament. At the :36 mark in this video you can hear a member of the party shout "Heil Hitler." According to Ekathimerini

Here's more proof that the crisis in Europe is no longer about debt, but about the real economy. Even in Greece, there's been a gigantic rally in government debt. Check out the dropping yield on 10-year Greek bonds over the last 6 months, and in part

(The following statement was released by the rating agency) BARCELONA/LONDON, May 16 (Fitch) Fitch Ratings has upgraded National Bank of Greece's (NBG), Piraeus Bank's (Piraeus), Alpha Bank's (Alpha) and Eurobank Ergasias' (Eurobank) Long-Term Issuer

As Greece shows some signs of a slow recovery, funds are buying Greek corporate debt.

This might be the best David Beckham moment ever. England was down 2-1 to Greece in the 93rd minute in 2002 World Cup qualification. If they lost, they would have had to play Ukraine in a tricky playoff to qualify for the tournament. If they won, the

ATHENS, May 15 (Reuters) - Greece has appointed a former UBS executive as chairman of its bank bailout fund, the Hellenic Financial Stability Fund (HFSF), the country's finance ministry said on Wednesday.

There are signs of a turnround in the economy and an upgrade by Fitch adds fuel to a bond rally, sending yields to their lowest in three years

Greece rating remains deep inside junk territory.

ATHENS, May 15 (Reuters) - Greece's economy shrank 5.3 percent in the first quarter as expected, data showed on Wednesday, as austerity measures demanded by the country's foreign lenders continued to...

ATHENS, May 15 (Reuters) - Greece's gross domestic product (GDP) shrank 5.3 percent year-on-year in the first quarter of 2013, flash estimates released by the European Union's statistics agency...

* Privatisation of grid power operator planned for this year

* Privatisation of grid power operator planned for this year

Rating agency acknowledges progress towards eliminating its budget and current account deficits and signs of an economic stabilisation

Months of relative calm in Europe has investors taking another look.

What a difference a year makes. Greece's rating upgrade by Fitch is a significant step for the country—and the euro zone.

* S&P equities index up around 1 pct * SPDR Gold ETF holdings remain unchanged * Fitch upgrades Greece sovereign debt rating * Coming up: U.S. producer prices Tuesday By Frank Tang and Clara Denina NEW YORK/LONDON, May 14 (Reuters) - Gold fell for a

Ratings agency Fitch upgrades Greece's credit rating, citing progress in cutting its budget deficit.

* Yen selling seen despite rise in Japanese bond yields * Euro weakens after German sentiment data, then steadies * Fitch upgrades Greece's sovereign rating NEW YORK, May 14 (Reuters) - The yen and...

ATHENS, May 14 (Reuters) - Ratings agency Fitch upgraded its sovereign credit rating for Greece by one notch on Tuesday, citing the country's progress in cutting its budget deficit and the receding...

(Corrects headline to read low, not high) * Yen selling seen despite sharp rise in Japanese bond yields * Euro initially weakens after German ZEW sentiment data, then steadies * Fitch upgrades Greece...

Fitch Ratings upgraded Greece's sovereign credit rating a notch, citing Athens's progress in tackling its budget deficit and rebalancing its economy, along with a reduced risk of a Greek exit from the euro zone.

ATHENS, May 14 (Reuters) - Ratings agency Fitch upgraded its sovereign credit rating for Greece by one notch on Tuesday, citing progress in cutting its budget deficit and the risk of a euro zone exit...

NEW YORK, May 14 (Reuters) - Fitch Ratings on Tuesday upgraded its sovereign credit rating for Greece to B-minus from CCC citing a rebalancing of the economy and progress in eliminating its fiscal...

NEW YORK, May 14 (Reuters) - Fitch Ratings on Tuesday upgraded its sovereign credit rating for Greece to B-minus from CCC citing a rebalancing of the economy and progress in eliminating its fiscal and current account deficits that have reduced its ri

NEW YORK, May 14 (Reuters) - The euro pared losses versus the dollar on Tuesday after Fitch Ratings upgraded Greece's sovereign debt rating.

Fitch Ratings has upgraded Greece's Long-termforeign and local currency IDRs to 'B-' from 'CCC'. The Short-term foreigncurrency IDR has also been upgraded to 'B' from 'C' and the Country Ceilingupgraded to 'B' from 'B-'.

LONDON, May 14 (Fitch) Fitch Ratings has upgraded Greece's Long-term foreign and local currency IDRs to 'B-' from 'CCC'. The Short-term foreign currency IDR has also been upgraded to 'B' from 'C' and...

A Greek strike over education cutbacks failed to draw widespread participation, underscoring weakening public support for Greece's once-powerful labor movement.