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Friday 19 June 2015 9:22 amGreece crisis: European Central Bank offers Greece another liquidity lifelineBy: Billy EhrenbergShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on Go owala ogleStocks in Athens were up as much as two per cent this afternoon, after the European Cent stanley mug ral Bank  ECB  offered a lifeline to Greece this afternoon, increasing the amount of emergency liquidity its banks can draw on for the second time this week.Read more:Countdown to Grexit: The key dates that could save Greece before bailout deal expiresReuters reported that the ECB had extended emergency liquidity assistance  ELA  for the country by euro;3.3bn  pound;2.4bn . That s on top of a euro;1.1bn h stanley cup ike earlier this week.The move came after reports suggested savers in Greece may have withdrawn as much as euro;3bn from banks in recent days. The BBC said savers had been slowly transferring their funds out of the country ndash; which IG market analyst Joshua Mahony dubbed a  slow-motion run on the banks . The amount is significantly higher than the euro;2bn of capital flight reported earlier. Although it had been feared Greece may be forced to introduce capital controls, the ECB s decision suggested this is now unlikely over the next couple of days. Negotiations broke down yesterday at a meeting of the Eurogroup of finance ministers, at which there had been slim hopes of an accord.In response, George Osborne said  Pukk China exports up 48.5pc
Thursday 11 August 2011 8:40 pm|Updated:Friday 31 May 2019 2:44 amWHAT THE OTHER PAPERS SAY THIS MORNINGBy: KCS-contentShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShar owala tumbler e on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleFINANCIAL TIMESLI  FUNG UPBEAT OVER THE GLOBAL ECONOMYLi  Fung, the Hong Kong-headquartered sourcing company for retailers such as Walmart and Debenhams, sounded an upbeat note on Thursday, asserting that business conditions were not at all like those in 2008, despite the current uncertainty over prospects for the  stanley mugs global economy. Bruce Rockowitz, the companyrsquo  chief executive, said that demand was not falling off like it did in 2008.LLOYDS ACTS TO TRANSFER ASSETS IN IRELANDAs much as euro;1bn  pound;877m  of distressed Irish properties backed by debt from Lloyds Banking Group could be transderred to a new venture with one of Irelandrsquo  best-known property groups. The aim is to help recover the propertiesrsquo; values, rather than book significant losses for the bank through a quick fire sale. BANK OF AMERICA FACES OBSTACLES OVER CCB STAKE SALEBank of America is facing difficulties in selling down its 10 per cent stake in China Construction Bank, partly because potential investors are expecting a deluge of rights issues, share sales and new listings from Chinese banks. BofA can sell all or part of the sta stanley at ke when a lock-up period expires at the end of the