George Soros Cashes Out on Elon Musk’s Tesla
Billionaire George Soros cashed out on Elon Musk's Tesla's impressive stock-market rebound this year by selling his entire stake in the first quarter. According to regulatory filings, Soros Fund Management, the financier's hedge fund, liquidated all Tesla shares acquired since...
Would Greek Banks Survive a Global Financial Crisis?
The shares of Greek banks took a hit on Wednesday following fears of a global meltdown after the troubles of banking giant Credit Suisse. Piraeus Bank and Alpha Bank closed with losses of 10.98 percent and 10.39 percent respectively, with...
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...
Elon Musk Buys 73.5 Million Shares of Twitter
Tesla CEO Elon Musk has taken a 9.2% stake in Twitter, purchasing approximately 73.5 million shares, according to a regulatory filing Monday. Twitter's shares soared higher on Monday after the news emerged. Shares were marked 20% higher in pre-market trading...
Ukraine War Wipes $10 Billion Off Athens Stock Exchange
The Athens Stock Exchange has recorded losses of 13.43 percent while the market's capitalization has fallen by 9.345 billion euros ($10.1 billion) since the Russian invasion of Ukraine. The Large Cap index has fallen by 15.0 percent and the Mid...
Piraeus Bank Secures Support for Capital Increase
Piraeus Bank, Greece’s second-largest financial institution has secured strong support from investors during the capital increase process .
Greek Tobacco Giant Papastratos to Give €1 Million in Shares to Workers
Papastratos, Greece's largest tobacco manufacturer and distributor, announced on Thursday that it will give shares worth a total of €1.0 million in its parent company Philip Morris International to its workers. In the statement, the Papastratos company said that it...
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...
ASE Records Heavy Losses After PM's Referendum Decision
Athens Stock Exchange recorded heavy losses on Tuesday, after the Greek PM surprised everyone with his announcement of holding a referendum for the resolutions of the Euro Summit of October 26. Political and economic uncertainty resulted in Greek indices plunging...