During Monday’s Morning trade, Shares of National Bank of Greece S.A. (NYSE:NBG), gained 16.36% to $1.28, as debt strapped Greece is said to have made a “potentially major” concession on pensions, sources told The Wall Street Journal.
Eurozone leaders received the country’s proposal late and kept expectations of an immediate breakthrough in the stalled talks between Greece and its creditors low.
Greece and its creditors have been holding intense negotiations for months, with little resolution. One of the large factors weighing on talks was Greece’s stance on pension funds, among other reforms.
The deal was formally presented to creditors on Monday morning and outlines new pension savings and revenues worth 0.4% of gross domestic product for this year and 1% startning in 2016, The Journal noted. The publication added that the new reform is close to the target Greece’s creditors had formerly demanded.
National Bank of Greece S.A., together with its auxiliaries, provides diversified financial services. The company is involved in retail and commercial banking, asset administration, investment banking, brokerage, and insurance activities.
Shares of eBay Inc. (NASDAQ:EBAY), inclined 0.87% to $61.70, during its current trading session.
EBay Inc. has sold its 28.4 percent stake in Craigslist back to Craiglist after a contentious relationship led to a lawsuit and federal probe.
San Jose-based eBay, which is planning to split PayPal into a separate company this year, declared Friday the sale of its 28.4 percent interest it attained from the classified advertisements website based in San Francisco, according to a statement on eBay’s website.
eBay Inc. operates as a technology company that enables commerce and payments on behalf of users, merchants, retailers, and brands of various sizes in the United States and internationally. It operates in three segments: Marketplaces, Payments, and Enterprise.
Finally, New Gold, Inc. (NYSEMKT:NGD), lost -2%, and is now trading at $2.94, as Gold prices fell to the lowest levels of the session on Monday, adding to losses after data showed that U.S. existing home sales in May rose to the highest level since November 2009.
Gold futures for August delivery on the Comex division of the New York Mercantile Exchange lost $19.30, or 1.61%, to trade at $1,182.60 a troy ounce during U.S. morning hours. Futures were likely to find support at $1,171.90, the low from June 15, and resistance at $1,208.90, the high from May 26.
New Gold Inc., a gold mining company, engages in the acquisition, exploration, development, and operation of mineral properties. It primarily explores for gold, silver, and copper deposits. The company’s operating properties comprise a 100% interest in the New Afton gold-copper mine in British Columbia, Canada; the Mesquite gold mine in California; the Peak gold-copper mines in New South Wales, Australia; and the Cerro San Pedro gold-silver mine in the state of San Luis Potosí, Mexico.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
