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
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...
Economy
Greece Plans to Scrap Primary Residence Protection, Introduce Individual Bankruptcy
The Greek authorities are planning to introduce to the country's judicial system the institution of individual insolvency, in which a person is able to declare bankruptcy, liquidate his or her property and receive a second chance in life, free...
Economy
Greece Appoints Internationally-Recognized Experts to Shape Nation's Growth Plan
The Greek government announced on Thursday the formation of a special commission to draft a new "Growth Plan" for the Greek economy.
The commission includes economists and executives who will combine their accumulated academic knowledge, international acumen, market knowledge and...
Economy
2019 Greek Budget Records Primary Surplus of Almost €5 Billion
The Greek state budget recorded a primary surplus of 4.96 billion euros in 2019, up from a budget surplus target of 4.4 billion and a primary surplus of 91 million euros in the same period in 2018, the Finance Ministry said...