Arab Today, arab today european stocks drop before meeting on greece
Last Updated : GMT 08:21:46
Arab Today, arab today
Arab Today, arab today

European stocks drop before meeting on Greece

Arab Today, arab today

Arab Today, arab today European stocks drop before meeting on Greece

Greek stocks
London - AFP

European equity markets retreated Wednesday, with Athens stocks sliding ahead of an emergency meeting of eurozone finance ministers at which Greece will unveil controversial proposals to overhaul its bailout.
Greece's benchmark stocks index was down 2.96 percent around midday amid investor fears that Prime Minister Alexis Tsipras's hardline stance could set Greece on a path leading to its exit from the eurozone.
Elsewhere, London's FTSE 100 was down 0.14 percent to 6,819.31 points and Frankfurt's DAX 30 slipped 0.12 percent to 10,741.12 points.
In Paris, the CAC 40 index shed 0.47 percent to stand at 4,673.79 compared with Tuesday's close.
The euro dipped to $1.1310 from $1.1315 late on Tuesday in New York.
"All eyes remain on developments... as eurozone officials meet to discuss the intensifying heat between the new anti-austerity government in Greece and the powerhouses of Europe," said Philip Ryan, senior corporate dealer at Currencies Direct.
Tsipras told parliament late Tuesday he would not bow to German demands that his leftist government complete a pending loan agreement with the EU and the IMF before rethinking the terms of the 240 billion euro ($270 billion) bailout that Greece accepted during Europe's debt crisis.
Finance Minister Yanis Varoufakis was due in Brussels to present a 10-point plan aimed at securing stop-gap financing that would tide the country over while it negotiates new terms to be put in place from September 1.
In Athens, Tsipras on Wednesday announced plans to work with the OECD to draft a programme of reforms to boost growth in the debt-laden country.
The programme will be based "not on what was previously decided but on popular mandate", he told a news conference after meeting Angel Gurria, head of the Organisation for Economic Co-operation and Development.
On the corporate front, shares in Sky slumped 4.25 percent to 913.50 pence, making it the biggest loser on the FTSE, one day after the satellite pay-TV group was forced to spend massively to retain exclusive live coverage of Premier League football.
Sky and broadcasting rival BT won the UK television rights to show Premier League games for three seasons at a record cost of £5.1 billion ($7.8 billion, 6.9 billion euros).
The 70 percent price hike is the result of a ferocious bidding war between the pair. Sky will pay £4.2 billion for five of the seven packages and BT almost £1.0 billion for the remainder.
"BT has come out of the bidding in far greater shape than Sky as it has managed to maintain its share of coverage while avoiding the 70 percent increase in fees that Sky has had to fork out," said Alastair McCaig, market analyst at IG trading group.
Shares in BT were up 2.75 percent to 456 pence in Wednesday deals.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today european stocks drop before meeting on greece Arab Today, arab today european stocks drop before meeting on greece

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 06:44 2017 Sunday ,26 February

Doubts grow over American stock market’s surge

GMT 06:26 2017 Sunday ,26 February

Copper recovers lost ground

GMT 15:53 2017 Saturday ,25 February

Bahrain Bourse daily trading report

GMT 14:28 2017 Saturday ,25 February

Gold hits 3.5-month high

GMT 03:11 2017 Saturday ,25 February

50 Tunisian exhibitors at Gulfood 2017, Dubai

GMT 02:19 2017 Saturday ,25 February

SIEL expo, March 1-4

GMT 12:30 2017 Friday ,24 February

Norway's Telenor to leave Indian telecom market
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday