If Greece decided to leave the euro, it would also have to quit the European Union, according to the terms of the EU's treaties, the European Commission said on Thursday. "The treaties
Moody's Investors Service is maintaining its negative outlook on the banking system of the United Arab Emirates because of the ongoing trends of corporate deleveraging, asset quality challenges and the subdued profitability
* 600 mln in MCN for greater capital buffer * Bank of Cyprus has decided to strengthen its capital base via a rights issue of up to 396 mln euros (US$ 546
Israel’s Shimon Peres is in Cyprus for a two-day official visit where he is expected to discuss natural gas exploration and the construction of a joint processing plant, as well as Turkey’s
The leaders of Germany and France told Greece on Wednesday it would not receive another cent in European aid until it decides whether it wants to stay in the euro zone. They
Asian shares, the euro, commodities and the Australian dollar all fell on Thursday as fears that Europe's debt crisis could unleash financial chaos prompted investors to shed riskier assets in favour of
France's biggest listed bank BNP Paribas reported a 72% slide in quarterly earnings on Thursday after booking a bigger-than-expected 2 billion euro ($2.8 billion) charge on Greek debt and sold billions in
Apple Inc on Wednesday said it will release a software update to its iOS 5 operating system, acknowledging some customer complaints on the performance of the new iPhone 4S battery. "A
* Minister – Kassinis battle does not seem to let up * The island’s ambitious venture to prospect for natural gas and rescue the troubled Cyprus government from financial collapse seems to
Moody's Investors Service has downgraded to Baa3 from Baa2 the rating of Israel Electric Corporation and the provisional rating of the USD 2 bln Global Medium Term Note (MTN) programme to (P)Baa3
