Stock market crashes

Market analysts believe Greece's construction sector is ripe for its greatest consolidation since that of 20 years ago.
Indebtedness and the protracted financial crisis have left firms vulnerable to takeover, they say.

Turkey will see a downward trend in interest rates in the coming days, the country's finance and treasury minister said on July 30.

Leading real estate investment firm NBG Pangaea secured a new injection of liquidity to refinance its borrowing on more favorable terms and continue its ambitious investment program through a 300-million-euro corporate bond.

The government hailed Tuesday's seven-year bond issue as a vote of confidence in Greece's growth prospects, after the country's third market foray this year was more than five times oversubscribed and attracted significant interest from long-term investors.

Greece is seeking to raise 2.5 billion euros ($2.8 billion) on a new seven-year bond issued on Tuesday at a yield of 1.9 percent, Bloomberg has reported.

Quoting an anonymous source, Bloomberg said the offer drew orders of more than 13 billion euros.

Most eurozone government bond yields inched down from recent three-and-a-half-week highs on Monday, with reassuring signs from the global economy preventing steeper falls for now.

Greece was in focus after its mandated banks for its issue of a seven-year bond, according to IFR Markets. 

For the first time in the last seven years, the wealth of the richest people around the world declined in 2018, a report by the Capgemini consulting firm, quoted by DPA, reported.

The millionaires have also diminished. This is the first time since the financial crisis in 2008.

Greeks were voting on July 7 in the first parliamentary election since their country emerged from three successive international bailouts still struggling with a crippling nearly decade-long financial crisis.

Greek private sector bank deposits rose in May for the third successive month, central bank data showed on Monday.

Businesses and household deposits increased to 135.28 billion euros ($153.20 billion) from 134.69 billion in April, Bank of Greece data showed.

Greece's economy is expected to grow by 1.9 percent this year, the country's central bank said in its annual monetary policy report on Monday, an expansion pace below what the government is projecting.