The European Central Bank said on Wednesday it was satisfied with a plan to recapitalise Greek banks, a key part of the debt-laden country's international bailout. Athens unveiled earlier this month long-awaited
Citigroup Inc is to shut almost half its branch network in Greece, where retail banking activity has dried up because of the country's debt crisis. Citi, the last major international bank with
Germany's Angela Merkel came under fire from opposition parties on Wednesday after failing to clinch a financing deal for Greece, with her main rival threatening to withdraw support for her euro policies
Formula One boss Bernie Ecclestone said he plans to contest a $650 million damages claim filed in New York, the latest legal case to stem from the sale of the motor racing
Greece's debt cannot be cut to 120 percent of GDP by 2020, the level deemed sustainable by the IMF, unless euro zone member states write off a portion of their loans to
The Cyprus government political negotiating team submitted Tuesday night a compromise proposal to the Troika (IMF, EU, ECB) aimed at breaking the deadlock in the negotiations with its international lenders on the
Deutsche Bank, Germany's largest bank, expects the euro zone to remain intact and its slow pace of recovery to create opportunities for outside investors, its co-chief executive said on Wednesday. Deutsche Bank
India executed the lone survivor of a Pakistan-based militant squad on Wednesday, just days before the fourth anniversary of an attack that killed 166 people in a rampage through the financial capital
A tentative plan to further restructure Greek bonds owned by private investors risks undermining the euro zone's credibility, a senior bank industry representative said on Tuesday. The Institute of International Finance (IIF),
The euro skidded on Wednesday and Asian shares fell after European officials failed to reach a deal on another bailout for Greece, a day after Federal Reserve Chairman Ben Bernanke highlighted the
