The euro zone should have its own budget, which would be separate from the long-term budget of the wider European Union, draft conclusions of an EU summit to take place next week
Global equities and the euro fell on Tuesday on concerns over the U.S. earnings outlook and a stark warning from the IMF about global growth, while oil rose on escalating tensions in
ECOFIN adopted Tuesday a recommendation and a decision giving Portugal an extra year, until 2014, to correct its excessive budget deficit. This was announced by Cypriot Minister of Finance Vassos Shiarly, who
* Police fire teargas, protesters pelt them with rocks, sticks * Merkel's first trip to Greece since start of debt crisis * Massive police operation to confront protest threat * Greeks angry
The IMF said the global economic slowdown is worsening as it cut its growth forecasts for the second time since April and warned U.S. and European policymakers that failure to fix their
Moody’s Investors Service has downgraded Cyprus’ government bond ratings to B3 from Ba3, and has assigned a negative outlook to the ratings. In its decision, Moody’s notes the key driver of its
Houston-based Noble Energy is gearing up to start appraisal drilling in February 2013, according to Under Secretary to the President Titos Christofides. The drilling will start in the 7 trillion cubic foot
Discussions with the Cypriot authorities should be speeded up to allow negotiations for the support mechanism to be completed, said President of the Eurogroup Jean-Claude Juncker. Speaking in Luxembourg, he said the
One out of every eight people in the world is chronically undernourished, the United Nations' food agencies said on Tuesday, warning that progress to reduce hunger has slowed since 2007/08 when high
Prime Minister David Cameron said on Tuesday a referendum on Britain's relationship with the European Union was the most sensible way of forging a fresh settlement with the 27-member bloc. Cameron is
