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Mar 10, 2012

GREECE News, Mar 10, 2012

Mar 9: Good News from Greece to Boost Bourses - Economic Highlights
NASDAQ
It is hard to use 'good news' and 'Greece' in the same sentence given the unfortunate nation's recent run of bad luck, but we do have some good news out of Greece today. With enough bond holders agreeing to take losses on their Greek government bonds, ...
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Bond deal helps Greece dodge bankruptcy (0:51)
Washington Post
Mar. 9, 2012 - Greece is closer to avoiding immediate bankruptcy after persuading the vast majority of its private creditors to slash the value of their Greek bonds. (/The Associated Press) Correction: Clarification: SuperFan badge holders consistently ...
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Markets Move Beyond Greece, Nomura's Steck Says
Washington Post
Mar. 9, 2012 - March 9 (Bloomberg) -- David Steck, global head of foreign exchange sales at Nomura Securities International Inc., and David Austen, head of credit sales at Nomura, talk about the outlook for global markets. They speak with Stephanie ...
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ANALYSIS: Are we done? Experts ponder whether deal truly saves Greece
Monsters and Critics.com
By Alvise Armellini Mar 10, 2012, 6:32 GMT Brussels - Friday's news thatGreece had managed to strong-arm a large enough number of private lenders to forgive part of its public debt was greeted with relief by European Union officials and with ...
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Greece avoids default with bond success
Reuters
Mar. 09 - Greece has averted the immediate risk of an uncontrolled default by winning strong acceptance from its private creditors for a bond swap deal which will eat into its mountainous public debt and clear the way for a new international bailout.
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Eurozone OKs Some of 2nd Greek Bailout
TIME
By AP Friday, Mar. 09, 2012 Michael Probst / AP (BRUSSELS) — The finance ministers of the eurozone say Greece can receive a first batch of bailout money of up to €35.5 billion ($46.9 billion) to fund a massive debt relief deal with private investors.
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Greece secures biggest debt cut in history
NDTV
AP, 09 Mar 2012 | 07:09 PM Greece has cleared a major hurdle in its race to avoid bankruptcy by persuading the vast majority of its private creditors to sign up to the biggest national debt writedown in history, paving the way for a second massive ...
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Greece Debt Swap Surprises, Great Deal for the Country
Wall Street Pit
By Global Macro Monitor Mar 9, 2012, 7:30 AM Author's Website The largest debt restructuring in history was heading for a successful outcome last night asGreece looked set to see a participation rate of close to 95 per cent for its €206bn bond ...
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Eurozone OKs Some of 2nd Greek Bailout
TIME
By AP Friday, Mar. 09, 2012 Michael Probst / AP (BRUSSELS) — The finance ministers of the eurozone say Greece can receive a first batch of bailout money of up to €35.5 billion ($46.9 billion) to fund a massive debt relief deal with private investors.
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Greece secures high participation in bond swap
Daily Astorian
(AP Photo/Thanassis Stavrakis) Posted: Friday, March 9, 2012 12:39 am | Updated: 1:20 am, Fri Mar 9, 2012. Greece on Friday announced that it had managed to convince a high proportion of its private creditors to accept steep losses on their bonds, ...
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Moody's declares Greece in default of debt after bond swap deal
mydigitalfc.com
By AFP Mar 10 2012 , Washington Moody's declared Greece in default on its debt Friday after Athens carved out a deal with private creditors for a bond exchange that will write off 107 billion euros ($140 billion) of its debt. Moody's pointed out that ...
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Greece averts immediate default, markets sceptical
mydigitalfc.com
By Reuters Mar 09 2012 , Athens from its private creditors for a bond swap deal which will eat into its mountainous public debt and clear the way for a new bailout. Euro zone ministers held a teleconference call and were expected to declare Greece had ...
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Tsakos Energy Navigation Announces Fourth Quarter and Full Year 2011 Financial ...
MarketWatch (press release)
ATHENS, GREECE, Mar 09, 2012 (MARKETWIRE via COMTEX) -- Tsakos Energy Navigation Limited ("TEN" or the "Company") (NYSE:TNP) will report earnings for the fourth quarter and full year ended December 31, 2011 prior to the open of the market on Friday, ...
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DryShips Inc. to Present at the 6th Annual Capital Link Invest in ...
MarketWatch (press release)
ATHENS, GREECE, Mar 09, 2012 (MARKETWIRE via COMTEX) -- DryShips Inc. (NASDAQ:DRYS) , or the Company, a global provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc., ...
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Ldn FX: Strong Greece PSI Takeup Sparks Euro Sales
MNI News
LONDON, Mar. 9 (MNI) - The announcement that the take-up of the Greek PSI came in at 83.5% prompted euro sales, concluding a 'buy the rumour, sell the fact' scenario that had been building through pre-release trade as euro-dollar was pressured to ...
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Ocean Rig UDW Inc. to Present at the 6th Annual Capital Link Invest in ...
MarketWatch (press release)
ATHENS, GREECE and NICOSIA, CYPRUS, Mar 09, 2012 (MARKETWIRE via COMTEX) -- Ocean Rig UDW Inc. (NASDAQ:ORIG) , or the Company, a global contractor of off-shore deepwater drilling services today announced that George Economou, the Chairman and Chief ...
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Market Looks to Next Day of Reckoning
Wall Street Journal
Before the ink is dry on Greece's massive debt restructuring, many bond traders are placing bets on the likelihood of the country's next default. Early trading activity in New York and London has opened up in what's known as a gray market for the new ...
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MARKET WATCH: Crude oil prices rise modestly on favorable economic data
Oil & Gas Journal
Greek officials said Mar. 9 that 83.5% of private investors holding Greece'sgovernment bonds agreed to a bond swap. The market was mildly disappointed, however, by the lower-than-expected sign-up rate by the deadline. “The deal also left many people ...
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Greek bailout gives Europe time to build defenses
Beaver County Times
(AP Photo/Thanassis Stavrakis) Posted: Friday, March 9, 2012 2:25 pm | Updated: 4:03 pm, Fri Mar 9, 2012. Greece got the rescue. But it's the rest of Europe that's breathing easier. A $172 billion (euro130 billion) bailout isn't likely to keep Greece ...
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Germany warns Greek crisis remains despite debt deal
Monsters and Critics.com
By Andrew McCathie Mar 9, 2012, 15:37 GMT Berlin - Germany warned Friday that the crisis facing Greece was not over, despite a new debt deal, and urged Athens to forge ahead with overhauling its embattled economy by implementing the painful reforms it ...
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Tsakos Energy Navigation to Present at the 6th Annual Capital Link Invest in ...
MarketWatch (press release)
ATHENS, GREECE, Mar 09, 2012 (MARKETWIRE via COMTEX) -- Tsakos Energy Navigation Limited ("TEN" or the "Company") (NYSE:TNP) today announced that George V. Saroglou, the Chief Operating Officer of the company, will be presenting at the 6th Annual ...
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Greece bond swap deal successful
Aol Money
By Press Association, Mar 9, 2012 Greece has secured a high enough participation in its critical bond swap offer to drastically reduce its debt, staving off an imminent default and paving the way for the release of funds from international rescue loans ...
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Economy is “Muddling Along” – El-Erian
Wall Street Pit
By editor Mar 9, 2012, 4:10 PM Author's Website Mohamed El-Erian, chief executive officer and co-chief investment officer at PIMCO, spoke about the February US jobs report and the European debt crisis on Bloomberg Television this morning.
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Crude gains on U.S. jobs data, Greece deal
Forex Pros
By Forexpros | Commodities News | Mar 09, 2012 06:51PM GMT Forexpros - Crude oil futures gained in US trading on Friday, buoyed by solid unemployment data out of the US coupled with relief that Greece avoided a messy default by restructuring its debts ...
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IMF to consider €28bn loan to Greece
Irish Examiner
By Abigail Moses Greece's use of collective action clauses (CAC) forcing investors to take losses under its debt restructuring has triggered payouts on $3bn of default insurance, the International Swaps & Derivatives Association said.
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ISDA EMEA Determinations Committee: Restructuring Credit Event Has Occurred ...
MarketWatch (press release)
LONDON, Mar 09, 2012 (BUSINESS WIRE) -- The International Swaps and Derivatives Association, Inc. (ISDA) today announced that its EMEA Credit Derivatives Determinations Committee resolved unanimously that a Restructuring Credit Event has occurred with ...
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Greece now 'irrelevant', says Argonaut's Norris
FT Adviser
Argonaut's Barry Norris has said Greece is “now irrelevant” after the country secured its giant debt swap last week (March 8). By Jenna Voigt | PublishedMar 09, 2012 | comments Mr Norris, manager of the £298.1m Ignis Argonaut European Alpha fund, ...
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Greece Avoids Default
Action Forex
Since then Greece concerns have returned and the pair has slumped to a low of 1.5790; turning our previously bullish bias to neutral. If the bulls can continue to recover, next resistance comes into play at 1.5834 (8th Mar high), 1.5885 (1st & 9th Feb ...
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Mar 9: Good News from Greece to Boost Bourses - Zacks.com
By Zacks Equity Research
It is hard to use 'good news' and 'Greece' in the same sentence given the unfortunate nation's recent run of bad luck, but we do have some good newsout of Greece today. With enough bond holders agreeing to take losses on their Greek ...
Zacks Investment Research - All...
Eurovision Song Contest - Baku 2012 | News - Greece: OGAE pre ...
News - Greece: OGAE pre final party on Sunday | Eurovision Song ContestNews - Azerbaijan 2012 .... dimitris Born To Die [57630]. Fri 9 Mar 2012 21:59:23. Well,i don't agree.Many singers come from Northern Greecetoo.Thessaloniki etc.
esctoday.com | news
Crude gains on U.S. jobs data, Greece deal By Forexpros
By Forexpros
Crude gains on U.S. jobs data, Greece deal. ... Crude gains on U.S. jobs data,Greece deal. By Forexpros | Commodities News | Mar 09, 2012 06:51PM GMT. Forexpros. Article ... Meanwhile in Greecenews that Athens finally restructured its debts with private creditors and avoided a chaotic default supported oil as well, as did ongoing tensions in the Middle East. The West continues to accuse Iran of developing a nuclear weapons program, a charge Tehran denies. On the ICE Futures ...
Forex Pros RSS News Feed | Forex News
Greece debt restructuring: is it the worst of all time? INFOGRAPHIC ...
By Simon Rogers
Greece's debt mountain is being cut by €105.4bn, putting the country at the top of an unenviable list of countries who have been forced to seek international help since 1970. Find out how it compares.
Blogposts | guardian.co.uk
Greece adopts more measures : Voice of Russia
Tags: debt crisis in Greece, credit rating , Business, News, Greek economy, World. Mar 10, 2012 04:35 Moscow Time ... On Friday, Fitch downgradedGreece from "C" to "RD" (Restricted Default). Moody's and ... Greece close to getting rescued ...
Voice of Russia, News
Press Watch, Mar 9 | Athens News
Enjoy your haircut with health! That Greek saying was the gist of the front-page coverage of most Athens dailies, the morning after the successful completion of ...
www.athensnews.gr/portal/1/53913
Lagarde wants €28B IMF share for Greece - Business - CBC News
Posted: Mar 9, 2012 11:29 AM ET. Last Updated: Mar 9, 2012 5:27 PM ET ...news for taxpayers who foot the bill for what are known as Greece's official lenders: ...
www.cbc.ca/news/business/story/.../greece-debt-swap-cds.html
Who lost Greece? | Phantis
Two smugglers shot on Turkish-Greek border (Hurriyet Daily News: Mar. ...1). Cigarette taxes can help cure two of Greece's ills (Bangor Daily News:Mar. 1) ...
phantis.us/news/who-lost-greece
TREASURIES-Bonds trim losses on ISDA/Greece news | Reuters
... pared losses slightly on Friday after news a derivativesindustry group ruledGreece's debt restructuring ... NEW YORK, March 9 | Sat Mar 10, 2012 1:34am IST ...
in.reuters.com/.../markets-bonds-idINL2E8E9E7P20120309
Mar 9: Good News from Greece to Boost Bourses
It is hard to use 'good news' and 'Greece' in the same sentence given the unfortunate nation's recent run of bad luck, but we do have some good newsout of ...
www.zacks.com/.../Mar+9%3A+Good+News+from+Greece+to...
In Greece, redundancy tips factory worker over the edge
KOMOTINI, Greece (Reuters) - After more than 30 years as a factory worker,... Reuters TV · Reuters News ... Argentine glacier makes a splash Fri, Mar 2 2012 ...
www.reuters.com/.../us-greece-gunman-idUSTRE8220S52012...
BBC News - Greece to secure debt swap deal, says official
The Greek government indicates that it has secured sufficient backing for a debt swap deal that will enable it to avoid defaulting on its debts.
www.bbc.co.uk/news/business-17294865
In Greece, redundancy tips factory worker over the edge | Phantis
Two smugglers shot on Turkish-Greek border (Hurriyet Daily News: Mar. 2) Comments ... 2). High Court: Greek property tax constitutional (CBS News:Mar. 2 ) ...
phantis.com/.../greece-redundancy-tips-factory-worker-over-e...
Video: Greece reaches deal on austerity cuts
10 Mar 2012 Sky News. Greece has reached an agreement on new austerity cuts demanded by creditors to release a 130b euro bailout. News. Greece has...
video.couriermail.com.au/.../Greece-reaches-deal-on-austerity-...
Greece may get third bailout package | News | Business Spectator
People in the News; Companies in the News; World Business News ... third bailout package. Published 2:19 AM, 5 Mar 2012 Last update 6:23 AM, 5 Mar2012 ...
www.businessspectator.com.au/.../Third-rescue-plan-for-Greec...
France says Greece debt swap good news - CNBC
News. Blog Posts. Videos. Current DateTime: 11:35:06 09 Mar 2012 ... on Friday that Greece's negotiated debt-swap deal was good news and avoided a default ...
www.cnbc.com/id/46677852
JCI Picks Up With Good News From Greece, United States | The ...
JCI Picks Up With Good News From Greece, United States Francezka ...Greece Developments Spur Indonesia Market to Good Week End 8:25pm Mar9, 2012 ...
www.thejakartaglobe.com/business/jci-picks-up.../503430
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