Franco-Belgian bank Dexia agreed early on Monday to the nationalisation of its Belgian banking division and secured state guarantees in a rescue that could pressure other euro zone governments to strengthen their
Christians clashed with military police, leaving at least 24 people dead in Cairo, and the cabinet called an emergency meeting for Monday, vowing the violence would not derail Egypt's first election since
European Central Bank council member Erkki Liikanen on Monday stressed the need for bank recapitalisation to counter debt crisis which he considered as Europe's greatest since World War Two. His comments came
Donald Tusk will be the first Polish prime minister since the fall of communism more than two decades ago to rule for a second consecutive term after his centre-right Civic Platform trounced
Greece's central bank said on Monday it activated a bank rescue fund to save Proton Bank , effectively nationalising the small lender that is under investigation for possible violation of the country's
Greek petroleum and electricity workers threatened late on Sunday to go on strike, to oppose planned wage cuts that form part of the debt-laden country's austerity drive. Workers at the country's biggest
The euro edged higher on Monday after leaders of Germany and France promised a new comprehensive plan to recapitalise euro zone banks by the end of the month, though markets remain wary
Brent rose on Monday to near $106, fuelled by optimism that demand in the world's largest consumer would hold after U.S. data allayed fears of a renewed recession while the euro zone
The leaders of Germany and France promised on Sunday to unveil a new comprehensive package for solving the euro zone's debt crisis by the end of the month, but offered no details
Chief executives of leading public companies in Cyprus deservedly take home the highest earnings and by default are the biggest income tax contributors to the Internal Revenue Dept. Although their salaries and
