The island’s three main banks announced 9-monthly losses this week, as anticipated, higher than in their half-yearly results due to a 50% haircut provision on their Greek debt holdings. However, all three
* Bad loan provisions up 32% y/y * Results exclude hit from bond-swap * No plan to sell control of Finansbank National Bank, Greece's largest lender, posted a smaller-than-expected loss in the
Alpha and Eurobank reported nine-month losses on Monday due to impairments from a bond swap agreed in July and said they would adjust their capital raising plans after a new debt exchange
Greece's dominant power utility, the Public Power Company (PPC/DEH), posted its first quarterly loss in almost two years, paying the price for a recession and for having become the tax collection vehicle
Deutsche Telekom's Greek unit OTE said it is in talks to sell its minority stake in Serbia's former monopoly Telekom Srbija back to the country's government. If completed, the sale of the
Greece's bank deposit outflows reached 13-14 billion euros in the September-October period, the country's central bank chief said on Tuesday, an annual jump of about 17 percent in October. "In September and
Vienna's excellent infrastructure, safe streets and good public health service make it the nicest place to live in the world, consulting group Mercer said in a global survey which put Baghdad firmly
Italy's borrowing costs hit fresh euro-lifetime highs above 7 percent at debt auctions on Tuesday, levels which if sustained would make financing its huge public debt unaffordable, in a further sign that
U.S. group Hewlett-Packard has rolled out its first software using technology gained from its $12 billion acquisition of British group Autonomy, eight weeks after the deal closed. The new platform processes unstructured
Poland's foreign minister has appealed to Germany, the European Union's most powerful economy, to show leadership and avert the collapse of the euro zone. "There is nothing inevitable about Europe's decline. But
