The Cyprus economy contracted for the third straight quarter in the first three months of the year, according to the flash estimate compiled by the Statistical Service on Tuesday. Compared with the
The euro zone's sick economy probably slipped into its second recession in just three years in early 2012, data is due to show on Tuesday, as the debt crisis sucks southern Europe
The leader of JPMorgan Chase & Co's hedging unit is retiring after trading losses that could end up exceeding $3 billion, a shortfall that President Barack Obama said might have led the
Euro zone finance ministers dismissed talk of Greece leaving the euro zone as "propaganda and nonsense" on Monday, but said the country had to respect the terms of the bailout programme agreed
Shares and commodities fell again on Tuesday as investors sought refuge from the political turmoil fuelling fears of Greece's exit from the euro and threatening to undo progress made so far to
Cyprus president Demetris Christofias is stepping down at the end his term and will not seek re-election next February, saying his mandate four years ago had been to broker a peace deal
The European Commission hopes Greece will remain part of the euro zone but Athens must respect its obligations, the European Union's executive Commission said on Monday. "We don't want Greece to leave
A close ally of President Vladimir Putin staked a claim on Monday to stay on as the Russian government's No.2, signalling continuity on economic policy and potentially weakening Prime Minister Dmitry Medvedev's
Greece's president met little enthusiasm from political leaders summoned to a final round of talks on Monday to avert a new election, reinforcing fears the country was firmly on the path to
Greece cannot stay in the euro zone if it tears up its bailout deal, as envisaged by the leader of the country's leftist SYRIZA grouping, Finland's European affairs minister said. "I think
