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Athens News Agency: News in English, 10-11-17

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] PM chairs cabinet meeting; scheduled trips abroad
  • [02] Greek bond market closing report
  • [03] Rehn: Decision on disbursement of EU loan in Jan. pre-scheduled
  • [04] Ferry crashes off Lefkada
  • [05] Stocks end 1.97% down

  • [01] PM chairs cabinet meeting; scheduled trips abroad

    (ANA-MPA) -- Prime Minister George Papandreou will chair a cabinet meeting on Thursday focusing on the state budget, the establishment of a national fund for entrepreneurship and development, labour arbitration procedures and the establishment of asylum and migrant reception agencies.

    Papandreou will attend the NATO Summit meeting in Lisbon on Nov. 19-20, while on Nov. 29-30 he will be in Tripoli, Libya for the 3rd Africa-EU Summit meeting.

    On Dec. 1-2, he will be in Astana, Kazakhstan, to attend the OSCE Summit.

    More details on the subscriber's page of APE-MPE | Subscription request form

    [02] Greek bond market closing report

    (ANA-MPA) -- The yield spread between the 10-year Greek and German benchmark bonds remained above 900 basis points in the Greek electronic secondary bond market on Wednesday, with the Greek bond yielding 11.68 pct and the German Bund 2.59 pct. Turnover in the market was a thin 12 million euros of which 9 million were buy orders and the remaining 3.0 million euros were sell orders. The 10-year benchmark bond was the most heavily traded security with a turnover of 4.0 million euros.

    In interbank markets, interest rates were largely unchanged. The 12-month rate was 1.54 pct, the six-month 1.27 pct, the three-month rate 1.04 pct and the one-month rate 0.84 pct. (ANA-MPA)

    More details on the subscriber's page of APE-MPE | Subscription request form

    [03] Rehn: Decision on disbursement of EU loan in Jan. pre-scheduled

    BRUSSELS (ANA-MPA / M. Spinthourakis) -- EU Economic Affairs Commissioner Olli Rehn on Wednesday said a decision for the disbursement of a third tranche of a Eurozone loan to Greece in January was programmed from the beginning, adding that a political approval of the loan would be taken during an Ecofin meeting in December. (ANA-MPA)

    Speaking to reporters after an Ecofin meeting here, Rehn said he felt the need to offer the necessary clarifications after some confusion was created over the issue. (ANA-MPA)

    More details on the subscriber's page of APE-MPE | Subscription request form

    [04] Ferry crashes off Lefkada

    The Malta-flagged ferry "Kolossos", owned by NEL Lines, crashed and ran aground early Wednesday on a rocky coast in Vassiliki ¬ay on the Ionian island of Lefkada.

    The ship had set sail from Corinth with a 20-member crew, carrying 58 trucks and 10 drivers to Ancona, Italy. The ship suffered a small rift in its sealed tanks but is not in danger of sinking.

    A tugboat from Patras was en route to the scene, with a group of divers who will examine the extent of the damage to the vessel. An oil recovery vessel from Skaramangas was also on the way to be on stand-by in the event of an oil slick.

    No injuries were reported.

    More details on the subscriber's page of APE-MPE | Subscription request form

    [05] Stocks end 1.97% down

    Stocks ended significantly lower at the Athens Stock Exchange on Wednesday. Bank shares were mostly hit after a negative report for the sector by Citi and Merrill Lynch. The composite index of the market dropped 1.97 pct to end at 1,464.68 points, with turnover a low 81.880 million euros. The Big Cap index fell 1.82 pct, the Mid Cap index ended 2.02 pct down and the Small Cap index fell 1.25 pct. Motor Oil (1.88 pct), OTE (1.63 pct) and Piraeus Bank (0.98 pct) were top gainers among blue chip stocks, while Coca-Cola Hellenic Bottling (5.12 pct), Ellaktor (4.72 pct) and Eurobank (3.57 pct) were top losers.

    The Chemicals (2.33 pct) and Telecoms (1.63 pct) sectors were the only ones to score gains, while Food (5.05 pct) and Media (4.12 pct) suffered losses. Broadly, decliners led advancers by 131 to 33 with another 48 issues unchanged. Vell Group (11.11 pct), Vioter (10.53 pct) and Akritas (9.62 pct) were top gainers, while Altec (16.67 pct), AEGEK (12 pct) and Tzirakian (10 pct) were top losers.

    More details on the subscriber's page of APE-MPE | Subscription request form


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