finance
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
Eldorado Gold Secures Finance from Greek Banks for the Skouries Project
Canadian firm Eldorado Gold has signed a mandate letter for a credit-committee-sanctioned €680 million finance facility from Greek banks to develop the Skouries project in northern Greece.
According to the feasibility study, the project is expected to cost $845 million...
Economy
Euro Equal to the US Dollar for First Time in 20 Years
The exchange rate between the euro and the US dollar is the same on Tuesday for the first time in 20 years.
As of Tuesday morning Greek time, one euro is equal to exactly one dollar, meaning that the value...
Economy
Greece Exports Hit Record High, but Jump in Imports Signals Warning
Greece exported a record 20.5 billion euros ($20.6 billion) worth of goods in the first five months of the year. However, a rise in imports and a decline in domestic consumer spending dampened the good news.
From January through May,...
Business
Calamos Investments Named “Best Overall Fund Group” of 2022
Calamos Investments was named Best Overall Fund Group at the Refinitiv Lipper Fund Awards on Thursday.
The Leading global asset manager was named Best Overall Small Fund Family Over Three Years at the 2022 Refinitiv Lipper Fund Awards, which provides...
Business
32nd Annual Greek Economic Summit Kicks Off on Monday
The American-Hellenic Chamber of Commerce is kicking off its 32nd annual Greek Economic Summit on Monday. The summit will take place from December 6-8 in Athens, Greece. This year's events will be a synthesis of in-person and virtual participation...
Economy
Piraeus Bank Records Growing Profits During 2019
Piraeus Bank of Greece announced on Monday that it grew its net profit for the full year of 2019. This increase was aided by lower operating costs and higher net interest income.
Piraeus Bank is Greece’s largest lender as measured by...
Business
Greek Exports Show Signs of Standing Strong Against Global Turmoil
Greek exports have shown signs of withstanding external pressure and the economic and political turmoil that characterizes today's global economy.
This was obvious according to the latest figures available concerning the country's exports for 2019, as published recently by the...
Economy
Greek 15-Year Bond Attracts Record Orders at Very Low Interest
With bids reaching a stunning 19 billion euros, Greece's first 15-year state bond offers book closed in very impressive fashion on Tuesday afternoon.
The Greek state had initially intended to withdraw just 2.5 billion euros, but the investor's trust in...
Economy
Greece Launches 15-Year State Bond, Signaling Return to Financial Normality
Greece's Public Debt Management Authority announced the launch of a 15-year state bond in a statement released on Monday.
The announcement came just 48 hours after the credit rating agency Fitch upgraded the country's credit rating to BB from BB-.
This...