GDP in Cyprus dropped by 0.3% during the first quarter of 2012 compared with the previous quarter, according to second estimates released Wednesday by Eurostat. GDP remained stable in both the euro
Japanese electronics maker Panasonic Corp has no plan to invest in Olympus Corp , President Fumio Ohtsubo told Reuters on Thursday, contradicting a media report it would invest in the medical equipment
Britain will want to ensure safeguards are in place to protect its financial sector if the euro zone moves towards establishing a banking union, British finance minister George Osborne said on Thursday.
Cyprus is racing to meet an end-June deadline to pump 1.8 billion euros ($2.24 billion) into the second biggest lender – Popular Bank – heavily exposed to Greek bonds – but will
Cyprus cannot rule out an EU bailout to prop up its Greece-exposed banks, its finance minister said on Wednesday, but is worried its EU partners could impose prohibitive conditions on any offer
Greece's tourism revenues may plunge up to 15% this year, an industry official said on Wednesday, as holidaymakers spooked by concerns the country may leave the euro zone switch to other destinations.
Germany and European Union officials are urgently exploring ways to rescue Spain's debt-stricken banks although Madrid has not yet requested assistance and is resisting political conditions, several EU sources said on Wednesday.
Laiki Bank sponsored and took part in the “China Offshore Summit”, a very successful conference held in China on 30 and 31 May 2012. The conference was organised by China Offshore, one
Political and business corruption in Europe, especially in the Mediterranean, could further weaken vulnerable economies struggling to overcome the euro crisis, an international watchdog said on Wednesday. While it sees itself as
The European Central Bank is expected to hold back from policy moves when it meets on Wednesday, instead urging governments to address the euro zone's crisis, but it could indicate a readiness
