November after shrinking by 1.3 percent in the previous month, Bank of Greece data showed yesterday. Credit extended to the government rose 1.0 percent after a 0.2 percent increase in October, the central bank said. Lending to businesses and households declined 1.3 percent after a 1.6 percent drop in October.
Wilbur Ross, US Presidentelect Donald Trump’s nominee for commerce secretary, has pledged to sell his stake in his main private equity firm and resign from corporate boards but will keep his interests in mortgage lending and shipping. In an ethics agreement published on Tuesday, the billionaire investor vowed to sell shares in Invesco Ltd, the parent company of W.L. Ross & Co, valued at up to $50 million. He also pledged to divest other assets worth between $77 million and $209 million to prevent conflicts of interest. He will also resign from positions at 22 of the business entities from which he is divesting, including giving up his board seats at steelmaker ArcelorMittal and Bank of Cyprus.