Tag Archives: greece debt

 Is Greece Close to Exiting from the EU?

By Sunburst editor The happy marriage between EU countries is facing a rough patch that may see it end with certain parties exiting the EU. It is not news that Greece and its creditors – the ECB, the IMF, and the European Commission – have been on a back and forth journey since the first Greek bail out by the […]

» Read more

JSE limits losses but still closes down on mixed global markets

THE JSE came back from weaker levels on Monday, but still ended the day lower as weaker European markets and a lower start to the Dow Jones kept the local bourse on the back foot. The local market traded 0.55% down in the morning. Weakening gold and resources shares dragged the market lower from a positive performance on Friday as […]

» Read more

Global Economic and Market Update

Economy Bond yields across global markets continued their sell-off into Thursday as a six-week-long bond rout rumbled on. Yesterday, ECB President Mario Draghi said asset prices tend to be more volatile in a low interest rate environment and policymakers were prepared to look through the sharp rise in yields. With the ECB seeing no reason to adjust its stance on […]

» Read more

Asian Stocks Retreat as investors watch Greece

By Vivian Atud Johannesburg-Sunburst Africa– Markets in Asia have opened cautiously this morning with most Asian stocks trading lower as investors await Greece’s review of debt reduction policies.   In Australia, bonds gained in early trade and oil traded at less than $50 a barrel.  In the US, Federal Reserve Chair Janet Yellen will address lawmakers and investors will likely continue […]

» Read more

Global Economic and Market Udates: Greece has now Started Negotiations with the IMF

Economy Greece has now started negotiations with the IMF over a plan to exchange its sovereign debt for growth-linked bonds, as new PM Alexis Tsipras and Finance Minister Yanis Varoufakis continue a European tour to drum up support for their proposal. “We will start the entire repayment once solid growth starts in Greece,” Varoufakis told Italian newspaper La Repubblica. The […]

» Read more