Tuesday, 22 May 2012
News with tag Greek
Stocks rally further in run-up to EU summit

22.05.2012 11:57   0 views  0 comments
From: news.yahoo.com


Stocks advanced Tuesday ahead of a summit of European leaders that's expected to be dominated by calls to boost economic growth across the continent, though ongoing worries over the upcoming Greek election kept the rally in check. Czytaj więcej »

China targets infrastructure to lift economy, report says

22.05.2012 11:02   0 views  0 comments
From: news.yahoo.com


China's Premier Wen Jiabao attends a meeting of the fifth trilateral summit among China, South Korea and Japan at the Great Hall of the People in BeijingBEIJING/SHANGHAI (Reuters) - China will fast track approvals for infrastructure investment to combat a slowdown in the economy, a state-backed newspaper reported on Tuesday, showing how Premier Wen Jiabao's call for policies to support growth is being put into action. The pace of investment in the likes of roads, bridges and real estate is running at its weakest in nearly a decade, April data showed, suggesting the world's second-biggest economy is heading for a sixth straight quarter of slowing growth. ...


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China targets infrastructure to lift economy, report says

22.05.2012 9:52   0 views  0 comments
From: news.yahoo.com


China's Premier Wen Jiabao attends a meeting of the fifth trilateral summit among China, South Korea and Japan at the Great Hall of the People in BeijingBEIJING/SHANGHAI (Reuters) - China will fast track approvals for infrastructure investment to combat a slowdown in the economy, a state-backed newspaper reported on Tuesday, showing how Premier Wen Jiabao's call for policies to support growth is being put into action. The pace of investment in the likes of roads, bridges and real estate is running at its weakest in nearly a decade, April data showed, suggesting the world's second-biggest economy is heading for a sixth straight quarter of slowing growth. ...


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Greek banks expect to resume ECB funding: senior banker

22.05.2012 9:43   0 views  0 comments
From: news.yahoo.com


ATHENS (Reuters) - Greece's largest banks will be able to obtain funding directly from the European Central Bank after they receive an 18 billion euros recapitalization this week, a senior banker at one of the four banks receiving the funding said. The ECB said last week it had cut off some Greek banks from its liquidity operations because their capital had fallen too low. The banks expect to receive the 18 billion in the form of European Financial Stability Fund bonds by Friday, the banker said. (Reporting by Lefteris Papadimas; Writing by Peter Graff) Czytaj więcej »

Greek banks to get recapitalization by Friday: banker

22.05.2012 9:36   0 views  0 comments
From: news.yahoo.com


ATHENS (Reuters) - Greece's four largest commercial banks will receive 18 billion euros ($23 billion) recapitalization funds by Friday, a senior Greek banker said on Tuesday. "We will get the money by Friday at the latest. Maybe we will get it tomorrow," said the banker, who declined to be identified. The funds are needed to recapitalize Alpha Bank, National Bank of Greece, EFG Eurobank and Piraeus Bank. ($1 = 0.7832 euro) (Editing by Dan Lalor) Czytaj więcej »

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