Greek banks will ask investors to help plug a 14.4 billion euro capital shortfall, with billionaire Wilbur Ross saying the government should detail ownership plans for the nation’s lenders as they seek a second round of fundraising. The ECB asset-quality review identified 9.2 billion euros of valuation adjustments. Source: Bloomberg
On Tuesday, around 5 am, a young man fled after being checked and hit a pole. According to the police, there would have been no chase. Source Le Parisien
The U.S. Department of Energy (DOE) is offering 11 million barrels of oil for sale from the nation’s Strategic Petroleum Reserve (SPR) ahead of sanctions on Iran that are expected to reduce global supplies of crude. Source: Reuters
Iraq’s state-run Basra Oil Company and Chevron agreed to begin implementing a memorandum of understanding to develop fields in the south of the country. Source: Reuters
