Financial markets
Free Trading In 2019: How Innovations In Tech Are Making It Possible
Trading is highly popular with several people, whether this is on a global scale or a much smaller scale. However, it starts there is a significant amount of money that can be made from these investments making it worthwhile in the long term. In this article, we are going to be looking into how technology has made free trading popular.
Machine Learning
Moody’s remains bullish on credit sector’s outlook
Moody's said in a report on Monday that the outlook for Greece's banking sector remains positive due to the expected improvements in banks' funding and asset risks.
Despite the still challenging economic conditions, recent improvements will likely lead to stronger deposit growth, a gradual decline in problem loans and marginal profitability.
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Mandatory private pension funds' assets worth 52.26 bln in April, up 21.42pct
Mandatory private pension funds in Romania had assets worth over 52.26 billion lei on 30 April 2019, up 21.42 percent from the same level of the previous year, according to the Financial Oversight Authority (ASF) data. Government securities made up the largest share of the assets, of 30.06 billion lei, respectively 57.52 percent. Shares came in second, at 9.96 billion lei (19.07 percent).
Greek 10-year bond yield below 3 percent, spread with Italy at tightest on record
Greek 10-year government bond yields fell below 3 percent for the first time on Friday, pushing its cost of 10-year funding to 20 basis points over Italy - an all-time low.
Greek 10-year bond yields dropped seven basis points to an all-time low of 2.98 percent as investors bet on a brighter outlook for Greece ahead of a snap election.
OPAP to draw millions from share increase
Listed gaming giant OPAP is planning to propose a share capital increase to its shareholders, in order to draw up to 800 million euros, instead of distributing a dividend to its old shareholders, in the period from 2019 to 2023.
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Bond market reaction to put off new issue
The Greek bond and stock markets had a negative reaction to Tuesday's government announcements, contrary to what Finance Minister Euclid Tsakalotos said would happen when presenting the handouts planned.
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PMI climbed to 19-year high last month
The prospects of Greek manufacturing are at a peak last seen in June 2000, according to IHS Markit's Purchasing Managers Index (PMI), which gave a 56.6-point reading for April, up from 54.7 points in March.
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Greek bond yields buck trend
Higher-rated eurozone bond yields inched up on Thursday after a pause in trading for the May Day holiday, tracking a rise in US Treasury yields after the Federal Reserve left rates unchanged and signaled little appetite to adjust them any time soon.
In contrast, one bright spot was Greece, where manufacturing hit a 19-year high.
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S&P refrains from raising Greece's credit rating citing election risks
Standard & Poor's stopped short of raising Greece's sovereign rating on Friday, affirming it at B+ with a positive outlook, although the market had widely anticipated an upgrade.
VMWare Invests Another BGN 46 Million in Bulgaria and Hires 500 People
US technology giant VMWare will invest 46 million leva in Bulgaria, according to a press release from the Ministry of Economy. The company receives a Class A investment certificate within the meaning of the law.