Greece
Tsipras Faces Fight as Greek Opposition Won’t Back New Measures
published Mar 9th 2017, 5:00 pm, by Marcus Bensasson and Caroline Connan (Bloomberg) — Greece’s main opposition party has a clear message for Prime Minister Alexis Tsipras: Don’t count on us to bail out your government. The country needs new elections, and the New Democracy party will vote against the
U.S. Tech Has Disrupted Global Tax Systems: Leonid Bershidsky
published Jun 7th 2016, 12:55 pm, by Leonid Bershidsky (Bloomberg View) — Greece, that hotbed of worst economic practices, has provided a perfect illustration of one of the biggest problems facing governments: In a world that’s increasingly unified by technology, the fiscal systems are still designed for 20th-century business models.
Decision on Greek Aid Payment Seen Next Week, EU Officials Say
©2015 Bloomberg News NWGYXD6JTSER (Bloomberg) — Greece may get approval next week for the next payment under its new, 86 billion-euro ($97.5 billion) bailout program, though the government still has work to do to meet the requirements for the disbursement, according to two euro-area officials. The legislation that Greece passed
Emerging Stocks Decline With Currencies as Fed Euphoria Eases
©2015 Bloomberg News NV1S346K50YG (Bloomberg) — Emerging-market stocks fell from a one-month high and currencies weakened as the euphoria surrounding the Federal Reserve’s decision to hold off on raising U.S. interest rates was replaced by concern that global economic growth is slowing. Lukoil PJSC paced losses among Russian oil producers on
Greece’s Year of Tumult Enters New Chapter as Tsipras Dominates
©2015 Bloomberg News NUZW8C6TTDSD (Bloomberg) — Greek voters had the choice to reject the man who led their country closer than ever to being forced out of Europe’s single currency. Instead, they embraced him. Alexis Tsipras and his Coalition of the Radical Left, or Syriza, emerged from a second election
China Doesn’t Look That Bad Compared to Other Market Meltdowns
©2015 Bloomberg News NTPN666S9728 (Bloomberg Business) — Losing $5 trillion in China’s equity-market rout in just two months is bad. But measured by the intensity of the price swings, the selloff still fails to stand out among past market meltdowns. China has the world’s most volatile stocks right now after Greece,
Dollar on Top as Focus Shifts Back to Fed; Gold Extends Retreat
©2015 Bloomberg News NRREB86K50Y4 (Bloomberg) — The dollar maintained its ascendancy as a new week of trading got under way, with the focus returning to the divergence in central bank policy around the world. Asian stock futures were mixed, with Japan closed for a holiday. The greenback was steady at
Treasuries Fall With Australian Bonds as Greece Damps Safety Bid
©2015 Bloomberg News NR90ZM6KLVR5 (Bloomberg) — U.S. and Australian government bonds fell for a second day as Greece sought a bailout loan, curbing demand for safer assets. Ten-year Treasury prices extended Thursday’s biggest decline in two months after Greece offered creditors a package of reforms and spending cuts, as it
Equity Futures Shrug Off Greece While Oil Rallies After Selloff
©2015 Bloomberg News NR3BA56K50ZH (Bloomberg) — Stock futures signaled a rebound from Monday’s Greece-inspired equity losses, with contracts on Chinese shares rising as the government strives to quell gyrations in its markets. New Zealand’s dollar retreated, while oil rallied after its steepest slump in five months. Futures on equity gauges
Tsipras Turns Tables on Europe in Austerity Referendum Triumph
©2015 Bloomberg News NR17VG6K50XT (Bloomberg) — Greece voted against yielding to further austerity demanded by creditors, leaving Europe’s leaders to determine if the renegade nation can remain in the euro. With 85 percent of votes counted, 62 percent of voters backed Prime Minister Alexis Tsipras and his Coalition of the