Piraeus
ATHEX: Impasse in talks brings more losses
The Greek stock market?s benchmark returned to a southbound course on Wednesday, following another session of low trading volume, due to the lack of progress in negotiations between Greece and its creditors, while the sense that the entire market has been holding its collective breath for months now is palpable.
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ATHEX: Hopes for a deal lead stock market to a rebound
Reports about a possible compromise being reached in the Brussels Group talks as a goodwill gesture by the European Commission helped the local stock market rebound on Monday after morning losses led the benchmark to decline up to 2.70 percent.
Greece in 'advanced talks' with Cosco on Piraeus port
Greece is in advanced discussions with China's Cosco to boost their cooperation in the country's biggest port Piraeus, the Greek defence minister said on Friday.
Cosco, which currently manages two container piers at Piraeus Port, is also interested in acquiring a majority stake. Athens has put the port up for sale.
Negotiations fatigue sees stocks decline
The market?s fatigue with Athens?s inability to conclude an agreement with the country?s creditors and the growing prospect of a referendum that government officials are pointing to resulted in fresh losses during Monday?s bourse session as investors expected nothing concrete from the Eurogroup meeting in Brussels.
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ATHEX: Juncker phone call helps local stocks grow
The telephone call between Prime Minister Alexis Tsipras and European Commission chief Jean-Claude Juncker turned things around at the Greek bourse on Wednesday, with morning losses giving way to afternoon gains. The benchmark closed near the day?s high, back above the 800-point level.
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Greek gov't renegotiating sale of Piraeus port with Chinese company: Report
The Greek government is renegotiating the terms under which Piraeus port will be sold to Chinese Cosco, Shipping and Tourism Minister Giorgos Stathakis said in parliament, as reported by the local media.
Greece willing to move ahead on key asset sales to appease lenders, says source
Greece is willing to quickly finalize a 1.2 billion-euro deal with German operator Fraport to run regional airports and reopen bidding for a majority stake in Piraeus port, a senior privatizations official told Reuters on Tuesday.
Moody's issues warning about EU's deferred tax asset probe
Moody?s said on Monday that a Brussels probe into deferred tax assets would constitute a credit negative event for Greek banks, as they may be deemed to have received state subsidies through a system that allowed them to defer tax payments from loss-making years to profit-making ones.
Fitch: Failure of Greek banks a real possibility
Fitch Ratings said in a statement on Tuesday that the Greek government?s intention to create a ?bad bank? is a positive step toward achieving reform because it recognized that high volumes of nonperforming loans (NPLs) are impeding new lending.
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Piraeus instrumental in Cosco's profits last year
By Nikos Roussanoglou
Piraeus Container Terminal (PCT) was responsible for a major part of parent company Cosco?s earnings in 2014, the Chinese company confirmed while announcing its financial results at the Hong Kong Stock Exchange on Tuesday.
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