Just In Athens Business News

A lower credit rating prompted a sharp drop Greece's stock market and a call from the European Commission for the government to reduce its deficit. Credit rating agency Fitch cut Greece's rating from A-minus to BBB-plus, causing the stock market...

Gold prices extended losses, dropping 1.2 percent in Europe on Tuesday to a session low of $1,142.30 an ounce, as the dollar strengthened against the euro after Fitch downgraded Greece�s credit rating. Spot gold hit a low of $1,142.30 and...

A newly reprinted book reveals the story of early Greek migrants in Australia, writes Anna Patty. T he dockets at Aroney's Cafe in Katoomba trumpeted its ''famous'' fish dinners and ''famous toasted sandwiches''. But it was the hot chocolates, created...

Hellenic Exchanges, the company that operates the Athens stock and derivatives markets, said international investors held 49.3 percent of the total market capitalization last month, down from 49.7 percent in October. International investors as a whole were net sellers by...

Kathimerini English Edition The Greek economy cannot expect much of a boost from a key sector in the months ahead, increasing the likelihood it will shrink for a second consecutive year. The residential real estate market has experienced a milder...

Tensions at home were mounting after Jeremy Field lost a second construction job as the recession hit. More Business He spent his days on the Internet and the phone looking for work. His wife, Kelly, who had been home caring...

The economy contracted at an annual rate of 1.7 percent in the July-September period after shrinking 1.2 percent in the previous quarter, based on provisional estimates. Quarter-on-quarter, Greece's 250-billion-euro economy contracted by 0.4 percent in the three months to September....