U.K. bank Barclays will pay 290 mln pounds ($453 mln) to U.S. and British authorities to settle allegations that it manipulated key interest rates, increasing pressure on other banks to cooperate in
Debenhams, Britain's second largest department store group, showed its resilience in the economic downturn by beating forecasts for quarterly underlying sales and winning market share even though it faced a deluge of
– Octogenarian president gave up salary in February – Leading Greek delegation to two-day summit – Government under pressure from public angry over cuts The president of debt-laden Greece will travel economy
The chief executive of Greece's largest lender National Bank, Apostolos Tamvakakis, will step down on Thursday and be replaced by deputy CEO Alexandros Tourkolias, a source at the bank told Reuters on
Here's a nightmare for Europe's leaders to ponder as they prepare for yet another summit to tackle the euro zone crisis: a bond auction fails in Spain, spreading solvency worries to Italy
IMF`s Managing Director Christine Lagarde said on Wednesday the Fund stands ready to join the efforts of the EU member states to assist Cyprus in facing its economic challenges, adding that IMF
Cyprus Embassy to Iran and Cyprus Tourism Organization`s Middle East and Persian Gulf Office organized last Sunday a workshop in Tehran with the purpose of promoting Cyprus` tourist product. An official press
The Cypriot EU presidency is prepared to face all scenarios as regards any Turkish attempt to disorientate Nicosia from exercising its six monthly rotating presidency of the Council of the EU, which
The Eurogroup welcomed Wednesday the request of the Cypriot authorities for financial assistance from euro area Member States in view of the challenges that Cyprus is facing, in particular due to distress
Education is the most effective defence against the global financial crisis, House of Representatives Yiannakis Omirou has said. Omirou who was addressing the graduation ceremony of University of Cyprus on Wednesday evening
