Greece sold 1.625 billion euros ($1.99 billion) of 3-month T-bills on Tuesday, with the yield slightly falling from a previous auction in June, the PDMA debt agency said. The sale's bid-cover ratio
Asian shares surged and the euro recovered on Tuesday as investors covered short positions and hunted for bargains while awaiting U.S. Federal Reserve Chairman Ben Bernanke's view on the U.S. economy expected
Greece's fourth-largest lender Piraeus Bank said it was interested in cash-strapped rival ATEbank, as the country's battered banking sector moves to consolidate to weather a debilitating debt crisis. Piraeus is the first
Rising imports pushed Bulgaria's current account deficit to 1.7% of GDP in the first five months of the year as investment in the Balkan country speeds up, central bank data showed on
Euro zone banks are not fully benefiting from the European Central Bank's record low interest rates as funding costs in the market remain high, ECB policymaker Christian Noyer told German financial daily
Cyprus’ annual inflation recorded a significant decrease in June 2012, while Euro area annual inflation remained unchanged and EU inflation increased slightly, according to Eurostat data. The lowest inflation rate in the
Shares in Nokia Oyj fell over 3% on Monday after the company slashed the price of its flagship smartphone, with investors seeing it as a sign of desperation in its battle against
Cyprus faces very serious macroeconomic imbalances, EU Commissioner for Economic and Monertary Affairs Olli Rehn has said. Replying on behalf of the EU Commission to a question raised by Cyprus Member of
Two former Cypriot ministers and four other senior officials pleaded not guilty on Monday to charges of manslaughter and negligence relating to a deadly munitions explosion that was the island's worst peace-time
Cyprus Minister of Finance Vassos Sharly said on Sunday he is ready for negotiations with Troika mission (representatives of EU Commission, European Central Bank and IMF) to arrive on the island on
