WL Ross & Co

Capital Product Partners LP (CPLP), controlled by Greek shipowner Evangelos Marinakis, and Diamond S Shipping (DSS), whose main stakeholder is the WL Ross & Co private investment fund founded in 2000 by US Trade Secretary Wilbur Ross, announced on Wednesday they have reached a merger deal for a new entity whose value is estimated at $1.65 billion.

Bank of Cyprus expects modest profitability in the next quarters and will not pay a dividend this year, its chief executive said on Thursday, speaking as its shares were listed on the London Stock Exchange.

The listing in London was a vote of confidence in the City despite Britain's looming exit from the European Union, CEO John Hourican said.

Wilbur Ross, US President-elect Donald Trump's likely pick for commerce secretary, told a Greek investment forum in New York he is looking forward to his investment in Greece finally paying dividends.

By Ilias Bellos

Major foreign investors in Greece have incurred losses of more than 4.5 billion euros in total from the drop of asset values in their Greek portfolios. This concerns significant institutional investors who believed in the Greek effort and supported it, but are now seeing their investments vanish.