JP Morgan

Turkey's banking regulator (BDDK) and capital markets watchdog (SPK) have launched separate investigations into banks and JP Morgan following volatility in Turkish markets.

Greece passed the market test successfully on Tuesday, as its 10-year bond issue - for the first time since the country was excluded from the markets in 2010 and entered the bailout mechanism - took advantage of the favorable international climate and the credit rating upgrade by Moody's last Friday.

Greece is set to issue its first 10-year bond in nine years on Tuesday, in an effort to capitalize on the significant improvement in the climate for Greek assets as well as Moody's two-notch credit rating upgrade last Friday.

Greece plans to issue a 10-year bond this week after Moody's raised its rating by two notches, with the state mandating six international banks for the issue.

It will be the second debt sale since Greece exited its third international bailout in August and the first 10-year bond in a decade.

Greece has announced plans to issue a five-year bond, in what be the country's first market test since the end of its international bailout last August.

The country's Public Debt Management Agency on Monday named BofA Merrill Lynch, Goldman Sachs International Bank, HSBC, JP Morgan, Morgan Stanley, and SG CIB as joint lead managers for the issue.

Greece's debt agency is to announce the country's return to the bond markets, with a five-year syndicated issue that may be announced within the day, sources indicated on Monday.

The state aims to raise 2 billion euros from the issue.

In early January, as soon as the holidays are over, the Finance Ministry is expected to submit the Greek proposal for the reduction of local banks' nonperforming exposures (NPEs), which has been processed by the Hellenic Financial Stability Fund (HFSF) with technical details specified by JP Morgan, to the Directorate-General for Competition (DG Comp) of the European Commission.

South Korea has made its biggest investments in Poland for the first time in history since foreign investments were reported by the local Investment and Commercial Agency. The volume of capital flows from the Asian nation to the largest economy in Central and Eastern Europe in 2017 is close to 1.9 billion euros or nearly 500 million more than China's country's investments in the country.

JP Morgan has raised its target price for OTE telecom shares to 14.1 euros, expecting the Deutsche Telekom-owned company to expand further in the domestic market by adding to its broadband connection market share.

On Wednesday OTE's share price on the Athens stock market ended at 10.75 euros.

Greece opened the book for its new seven-year bond on Thursday morning, expecting to collect at least 3 billion euros from the markets.

Observers anticipate the yield of the new benchmark-sized debt to amount to 3.75 percent, maturing on February 15, 2025.