adplus-dvertising
Connect with us

Investment

Greece Eyes Return to Investment Grade Zone in Early 2023 – BNN

Published

 on


(Bloomberg) —

Greece wants to regain investment grade status in early 2023, said Prime Minister Kyriakos Mitsotakis, who pledged not to deviate from fiscal targets already set. 

“I want to return to investment grade in the first months of 2023,” Mitsotakis said in an interview with Skai TV broadcast on Saturday. That will unlock billions in funds that can be invested back into the country, the premier added. 

Greece needs to stick to its reform agenda and address imbalances such as high debt and the banking sector’s problems in order to regain investment grade status, Martin Bijsterbosch, the European Central Bank’s mission chief for Greece, told Bloomberg News earlier this week. 

In the interview, Mitsotakis reiterated his commitment to meet the fiscal targets set in the budget despite tax relief measures he’s taking and economic support provided amid surging energy prices. 

The Greek government has so far spent some 2 billion euros ($2.27 billion) to help households, businesses and farmers mitigate high energy prices hike, and the support will continue in March and April, he said. Mitsotakis also said that he intends to abolish a solidarity tax, first imposed during Greece’s bailout programs and currently suspended for private sector workers, for everyone in 2023.

It’s crucial to meet Greece’s fiscal targets and to be sure about budget execution, he said, adding, “there are no money trees.” 

©2022 Bloomberg L.P.

Adblock test (Why?)

728x90x4

Source link

Continue Reading

Investment

S&P/TSX composite up more than 100 points, U.S. stock markets mixed

Published

 on

 

TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 103.40 points at 24,542.48.

In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.

The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.

The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.

The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.

This report by The Canadian Press was first published Oct. 16, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Economy

S&P/TSX up more than 200 points, U.S. markets also higher

Published

 on

 

TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.

The S&P/TSX composite index was up 205.86 points at 24,508.12.

In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.

The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.

The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.

The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.

This report by The Canadian Press was first published Oct. 11, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Economy

S&P/TSX composite little changed in late-morning trading, U.S. stock markets down

Published

 on

 

TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.

The S&P/TSX composite index was up 0.05 of a point at 24,224.95.

In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.

The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.

The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.

The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.

This report by The Canadian Press was first published Oct. 10, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Trending