European leaders promised on Saturday to speed up plans to strengthen spending rules and get a permanent bailout fund up and running as soon as possible, a day after U.S. agency S&P
A stricken Italian cruise liner shifted on its rocky resting place as worsening weather disrupted an increasingly despairing hunt for survivors and authorities almost doubled their estimate of the number missing to
Mass euro zone ratings downgrades are unlikely to shake up investors too much, but with Greek debt talks at an impasse, pressure has been loaded on the bloc to shore up its
The euro hit a fresh 11-year low versus the yen on Monday and was stuck near a 17-month low against the dollar after Standard & Poor's mass downgrade of euro zone countries
Germany is optimistic about the outcome of a bond swap deal aimed at slashing Greece's towering debt pile, Germany's foreign minister said during a visit to Athens on Sunday which he said
A Russian-owned cargo ship laden with ammunition evaded international sanctions and ended up in Syria, despite assurances given to the Cyprus government that it would return home or be directed to another
. BY ATHANASIOS ORPHANIDES Government debt markets are about trust. Before the crisis, all eurozone governments enjoyed the benefit of their collective trustworthiness, co-operation and solidarity in the form of favourable financing
Standard & Poor's is set to downgrade the credit ratings of several euro zone countries later on Friday, but not those of Germany and the Netherlands, a senior euro zone government source
Greece and its creditor banks, racing against the clock to reach an agreement to avert a disorderly bond default, packed up work without at deal on Friday but with more talks likely
When Italian construction group Perego was struggling back in 2008, a white knight flush with cash rode to its rescue. Unfortunately the "knight" was a powerful mafia organisation, the 'Ndrangheta, which went
