ATHENS Greece is fast running out of cash while it awaits the next tranche of its 130-billion euro international bailout that is keeping it afloat, a deputy finance minister said on Friday.
"The situation with the state's cash reserves is borderline," Deputy Finance Minister Christos Staikouras told a conference. "This fact creates a condition of asphyxiation in the economy."
Athens is considering rolling over 5 billion euros in treasury bills when they mature next week due to a likely delay in receiving the 31.5 billion euro tranche, finance ministry officials told Reuters earlier on Friday. (Reporting by George Georgiopoulos; Writing by Karolina Tagaris; Editing by Michael Winfrey)
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It remains to be seen whether Nifty will be able to break the 8,100 mark during October. With major events out of the way, the next trigger will be the Q2 FY16 earnings season which is expected to kick off next week. It is advisable for the investors to continue building their equity portfolio by utilising market volatility as an opportunity, writes Ambareesh Baliga. Full Article