stocks
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Greek Stocks and Bonds Rally After Mitsotakis Election Win
Greek stocks and government bonds rallied on Monday after the conservative government of PM Kyriakos Mitsotakis secured a stunning victory in the elections.
The Athens Stock Exchange General Index rose as much as 7.3% in trading on Monday, extending its...
Business
The NYSE Was Founded Under a Tree on May 17, 1792
The New York Stock Exchange (NYSE), the largest such stock exchange in the world, has quite humble origins.
According to legend, it was founded on May 17, 1792 under a buttonwood tree outside of 68 Wall Street when 24 stockbrokers...
Business
Credit Suisse Borrows $54bn from Central Bank as Fears of Global Crisis Grow
Banking giant Credit Suisse secured a deal on Wednesday to borrow up to $54bn from the Swiss Central Bank to shore up its finances as authorities try to avert a global financial meltdown.
Shares in Credit Suisse fell 24 percent...
Business
Stock Markets in Turmoil as Banking Fears Spread
Stock markets are in turmoil with banking shares falling sharply on Wednesday as investors remain nervous following the collapse of Silicon Valley Bank (SVB) in the US last week.
The failure of SVB has raised fears that other banks could...
Business
Bitcoin Blues: Cryptocurrency Falls to Near $20K
Bitcoin is biting it. The digital currency continued its downward spiral on Wednesday, dropping to just over $20,000 (around 19,200 euros) in intraday trading.
The cryptocurrency cratered from its all-time high just seven months ago when Bitcoin stood at over $57,000...
Business
Stocks Plunge, Oil Soars as Markets Reel From Ukraine Invasion
Global stocks plunged, while oil soared after Russian President Vladimir Putin launched a military attack on Ukraine, on Thursday. Putin's moves drew universal condemnation from the West, making punishing sanctions all but certain.
"The world is shocked as Russia launches...
Business
Athens Stock Exchange Reaches Levels Unseen Since 2014
The rally at the Athens Stock Exchange (ATHEX) which began at the end of 2021 reached a peak earlier this week when the index climbed to levels unseen since 2014.
The last time the main index stood above 950 points...
Business
Elon Musk Sells $5 Billion in Tesla Stock Following Twitter Poll
Elon Musk sold 4.5 million shares of his company, Tesla, worth $5 billion on Wednesday after he made a poll on Twitter asking users whether he should sell 10% of his stock in the company.
Over 3 million Twitter users...
Economy
Athens Stock Exchange Plunges 15% After Brexit Announcement
The Athens stock exchange plunged 15% after the announcement of the British referendum results in favor of the Brexit on Friday morning.
Greece's bourse followed the international downward trend caused by the Brexit. The Athens stock exchange, along with European...
Economy
Athens Stock Exchange Maintains 28-Year Low Closing at -1.22%
The Athens Stock Exchange maintained Monday's 28-year low closing at -1.22 percent and 659.94 units on Tuesday, after a low of 635.06.
The bourse re-opened on Monday after a five-week hiatus due to the imposition of capital controls by the...