Financial economics
Eurozone interbank lending rate drops to lowest on record
Eurozone overnight interbank interest rates fell to their lowest levels on record on Tuesday, while a sharp rally in government bonds started to ease for some countries.
Strategists said money markets were continuing to adjust to last week's cut in the European Central Bank's main interest rates and its promise of fresh liquidity for banks, which should help short-term rates stable.
Bulgaria Approves EU1.5 Billion Eurobond Sale Before Vote
From Bloomberg
Bulgaria approved a 1.5 billion-euro ($2 billion) Eurobond sale, the first in almost two years, as the ruling coalition announced it was preparing the way for early parliamentary elections.
Draghi is bond's best friend as European yields fall to record lows
By David Goodman and Lucy Meakin
Mario Draghi has once again proved himself to be the bond markets best friend.
A jump in government securities across the euro area sent yields to record lows on Friday, inspired by a fresh package of stimulus measures from the European Central Bank.
Police seeking insurance salesman for fraud
Police in Drama, northern Greece, said Thursday that they were seeking a 50-year-old insurance salesman who is believed to have defrauded dozens of people and two insurance firms out of more than 40,000 euros since 2011.
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Greek auxiliary pensions to drop by over 5 pct this summer
Greeces Single Auxiliary Social Security Fund (ETEA) has told the Labor and Social Insurance Ministry it is planning to cut auxiliary pensions by 5.2 percent as of July 1, a move which will affect over 1 million pensioners from the public and private sectors.
Fitch: NBG subsidiary well positioned in Turkish market
Fitch Ratings said in a new report on Tuesday that second-tier foreign-owned Turkish banks are well positioned to face the challenges inherent in Turkeys volatile operating environment.
Finansbank, owned by National Bank of Greece (NBG), enjoys the highest net interest margin among the countrys four foreign-owned lenders, reflecting a business mix more focused on retail banking.
Yields no comfort to Draghi fighting deflation
By Emma Charlton & Anchalee Worrachate
Europes lowest government bond yields since the Napoleonic Wars are signaling investors want more action from Mario Draghi.
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Fitch affirms NBG subsidiary United Bulgarian Bank's IDR at B
Fitch Ratings on Monday announced it has affirmed United Bulgarian Bank ADs (UBB) rating (IDR) at B, with the outlook revised to stable from negative.
UBBs rating is one notch above that for its parent National Bank of Greece, which is B-.
[Reuters]
Fitch puts NBG rating on Rating Watch Positive
Fitch Ratings on Friday announced it has placed National Bank of Greeces mortgage-covered bonds B+ rating on Rating Watch Positive, following the upgrade of Greeces sovereign long-term rating to B, from B- a week earlier.
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Ruch: More than CHF 4 million raised
BELGRADE - The people of Switzerland and its entrepreneurs raised more than CHF 4 million for flood relief efforts in Serbia, Swiss Ambassador to Serbia Jean-Daniel Ruch said on Friday.
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