Finance
Soros surrendered his empire: "He deserved it"
George Soros, who made a billion dollars "betting" against the British pound, said earlier that he did not want his foundation to be taken over by any of his five children.
However, he appointed Alexander as director of one of the world's richest philanthropic foundations.
"He deserved it," said Soros, whose fortune is estimated at $6.7 billion.
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UBS set to carve up Credit Suisse after takeover day
UBS is set to finalise the takeover of Credit Suisse today, but the hardest part is yet to come: turning the arranged marriage of Switzerland's biggest banks into a success.
On June 5, the two Zurich-based banks announced that the merger should be completed on June 12.
A merger this complex could turn out to be a nightmare, particularly given how little time UBS has had.
Pension hike for many retirees due
Agencies at the Single Social Security Entity (EFKA) are running two parallel projects, in addition to the issuance of the pending pensions: main, auxiliary and retirement lump sums.
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US charges two Russians in hack of Mt Gox crypto exchange
The United States has charged two Russian nationals in the hack of collapsed cryptocurrency exchange Mt Gox, one of the world's earliest, biggest and most widely publicized alleged bitcoin heists.
UBS delays results over Credit Suisse merger
Switzerland's biggest bank UBS on June 7 pushed back the publication of its quarterly results by over a month as it completes its acquisition of fallen rival Credit Suisse.
The bank pushed the publication of second quarter results initially planned for July 25, to Aug. 31.
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Restrictions on retail lending to be eased in July
The Slovenian central bank will relax its restrictions on retail lending in July to make loans more accessible to individuals whose earnings range from minimum to average pay.
The minimum level of creditworthiness, now set at 76% of the gross minimum wage, will be based on the level of essential living expenses, while taking into account certain additional factors.
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Pečečnik aims to create region’s major asset manager
Elektronček, a company owned by one of the wealthiest Slovenians, has completed the acquisition of Primorski Skladi, an asset manager. The plan is to turn it into a leading asset manager in Central and Eastern Europe.
Investment grade will boost realty
The local property market stands to reap significant benefits, both short-term and long-term, from a likely credit rating upgrade to investment level for Greece.
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Athens airport shareholders clear way for 30% stake sale, says source
Athens International Airport shareholders have given the go-ahead for the sale of a 30% stake in the country's biggest airport by privatization agency TAIPED, a senior official from the agency said on Thursday.
The state-owned Hellenic Republic Asset Development Fund has hired Bank of America, Morgan Stanley and Deutsche Bank to act as advisers on the sale of its stake.
Greek bond yield falls to 10-month low
Τhe 10-year Greek benchmark bond yield has this week fallen to its lowest levels in 10 months, returning to levels last seen in August 2022.
Traders said market sentiment remained positive despite comments made by European Central Bank officials over the possibility of fresh interest-rate increases.
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