The European Union and IMF agreed on Tuesday to ease budget goals imposed on Portugal under a 78-billion-euro bailout, Finance Minister Vitor Gaspar said, giving Lisbon more time to meet the targets
U.S. and European stocks rallied, Treasuries slipped and the dollar weakened on Tuesday on expectations a German court would not interfere with a euro zone rescue plan and that the Federal Reserve
Greek trade unionists protesting against austerity measures formed a human chain to block the entrance to the Labour Ministry on Tuesday, delaying talks with Greece's foreign lenders. Dozens from the Communist-affiliated PAME
A sweeping reform of Europe's derivatives market will be rolled out over several months and not with a "big bang" in January to allow banks time to bed down the system before
Eurogroup expects from the Cypriot government precise details regarding its request for a bailout, a senior Eurogroup official has said. “We expect to see the demands of the government which have not
Christine Lagarde, Managing Director of the International Monetary Fund, will visit Cyprus at the invitation of the Eurogroup Chairman Jean Claude Juncker to attend the informal EU Finance Ministers’ meeting, which Nicosia
An explosion at a police station in a suburb of Turkey's largest city Istanbul on Tuesday was caused by a suicide bomber, Istanbul police chief Huseyin Capkin said. "First (the attacker) threw
Olympics mania sapped interest in betting on sports such as soccer and horse racing in recent weeks, online gambling exchange Betfair said on Tuesday, eating into revenues at the company which offers
Masked bikers shot dead an Italian entrepreneur and his girlfriend at close range in a busy central Milan street, a mafia-style execution unusual in Italy's financial capital. Organised crime in Italy has
European soccer's governing body (UEFA) revealed the first sanctions under its financial fair play rules on Tuesday, announcing it is withholding prize money for 23 clubs because of their failure to comply
