It’s going to take more than Facebook’s initial public offering to push the stock market higher.
Facebook shares rose 23 cents above their $38 offering price. It seemed like everything else fell.
The Dow Jones industrial average has been in a slump over the past two weeks as traders saw an escalating risk that Greece could leave the euro, causing more disruptions in markets. Remember the go-go days of May 1, 2012? The Dow was up 8.7 percent for the year. After Friday, it’s up just 1.2 percent.
On Friday the Dow Jones …

Shares of Facebook jumped 13% to $43 on a frenzied first day of trading on May 18, as investors stormed Wall Street to grab shares of the world’s leading social networking company.
he stock rose $5 from its initial price of $38 a share, indicating just how strong demand is for the company, especially from individual investors who largely couldn’t buy shares at the initial public offering price. The stock’s initial price was set on May 17 after the market closed at the high end of its expected range.
At its current …

The euro fell on Friday to hit a four-month low against the dollar and a 3-1/2 month trough versus the yen as concerns about a chaotic Greek exit from the euro zone, banking sector worries and contagion risks drove investors to add to bearish positions.
The euro fell to $1.2642, close to its 2012 low of $1.2624. A drop below that level will take the single currency to its lowest since August 2010. The euro also fell to a 3-1/2 month low against the yen to 100.219.
The safe-haven dollar rose with …

The European Central Bank has reacted to uncertainty over Greece’s future in the eurozone by excluding four of the country’s banks from its regular liquidity providing operations.
The move raises the pressure on Greece to stick to its international bailout by highlighting the risk that eurozone central bankers could pull the plug on its financial system. It reflected ECB fears that a planned recapitalisation of Greece’s banks could be delayed.
The four Greek banks – which the ECB did not name – will have to rely instead on “emergency liquidity assistance” – …

The COMMERCIAL TIMES
Bank of Georgia announced the launch of a new product- Energy Installment. Those who will use the bank’s instant installment service till June 30 will receive 3 kWh electricity as a gift per GEL10 installment. The only requirement for getting eligible for Energy Installment while making a purchase at the shops included in the bank’s network is to present an ID.
Bank of Georgia offers one of the widest net of installment with best flexible client-oriented conditions. Physical persons from 20 to 70 year age range with monthly income …