Account
International companies trading in New York closed mostly unchanged Tuesday ahead of testimony from Federal Reserve Chairman Ben Bernanke.The Bank of New York index of ADRs was little changed at 142.66.On Wednesday, Mr. Bernanke is scheduled to testify before Congress, and the minutes of the most recent meeting of the Fed's monetary-policy committee are to be released.On Tuesday, speeches by two regional Fed presidents helped assuage some investor concerns that the Fed was leaning toward winding down its stimulus.The European index was also flat at 134.23.Cruise-line operator Carnival PLC (CUK, CCL.LN) slashed its full-year guidance, noting cruise ticket pricing has led to lower-than-expected revenue yields and voyage cancellations and increased costs are expected to hurt bottom-line results. Shares fell 5.7% to $34.78.Shares of National Bank of Greece SA (NBG, ETE.AT) continued to slide, tumbling 10% to $1.42. The company said Monday that it will sell 2.27 billion new shares as part o...
Greece has suspended the merger of the country's two largest lenders, National Bank of Greece SA (NBG, ETE.AT) and Eurobank SA (EUROB.AT), following objections from ...
Shares in National Bank of Greece SA (NBG) and Eurobank Ergasias SA (EUROB.AT)--the country's two biggest lenders--were sharply lower in early trade Monday after the...
Shares of National Bank of Greece SA and Eurobank Ergasias SA both sank 30% in early action on Monday, after a merger between the two banks was halted by the governm...
Three of Greece's largest lenders on Wednesday reported steep losses for 2012 due to the country's deep recession, and downplayed the impact a banking crisis in neig...
European stock markets struggled to push into positive territory on Tuesday after a three-day losing streak, as investors kept an eye on the fallout from the Cyprus ...
European stock markets dropped for a third straight day on Tuesday, as news reports said the ruling party in Cyprus would abstain from voting on a key decision on th...
Shares of European lenders like Deutsche Bank (NYSE:DB) and Credit Suisse (NYSE:CS) sold off Monday morning as investors fret about the consequences of a bailout of ...
Greece... recent memory brings only thoughts of severe depression, massive fiscal fraud and spiraling debt loads. Throw in an IMF bailout that nearly failed (twice) ...
European stock markets trimmed initial losses but ended lower Friday, led by banks and resources shares, as a turn for the worse in U.S. fiscal-cliff negotiations pr...
Greece will ask official lenders for more loans to buy back billions of euros of bonds tendered by private investors at sharply discounted prices in an exchange cruc...
Greece announced Monday a one-day extension in its plan to buy back tens of billions of euros of debt--a move demanded by the country's official creditors in exchang...
Greece's banks are ready to hand over up to 100% of the Greek government bonds they hold for the country's debt buyback program, a senior banking official said Frida...
Piraeus Bank (TPEIR.AT), one of Greece's largest lenders, on Monday reported a first-quarter net profit of 3.62 billion euros ($4.64 billion), largely due to a one-o...
Last Friday, the Global X FTSE Greece 20 ETF (NYSE:GREK) surged over five percent on volume that was nearly six times the daily average. Much of that move can be att...
European stock markets ended mostly lower on Tuesday following disappointing economic data, while strong gains for Deutsche Bank AG led the German stock index to a h...
German stocks provided the lone bright spot in European stocks, where markets broadly fell on downbeat Europe and U.S. economic data and as investors stepped back ah...
Greece's largest lenders are working to raise money to cover massive holes left behind by the country's debt restructuring, with one bank admitting Monday it has giv...
Greece's Piraeus Bank SA (TPEIR.AT) has agreed to purchase the Greek unit of Portuguese lender Banco Comercial Portugues SA (BCP.LB, BPCGY) in a deal that will provi...
Portuguese stocks slumped in an otherwise upbeat Europe on Monday, after the country's high court struck down some of the austerity measures enacted as part of its 7...
