Standard Chartered is considering buying Piraeus Bank's Egyptian subsidiary, a deal that would boost the Greek bank as it seeks to strengthen its balance sheet in light of the downturn facing debt-laden
Crowds continued to gather outside the Presidential Palace in Nicosia for a fourth consecutive day on Thursday, expressing their grief and anger over the circumstances that led to Monday’s deadly blast at
President Barack Obama suspended U.S. budget negotiations for the day Friday to give congressional leaders a chance to come up with a "plan of action" on how to unblock talks meant to
Banks led losses for European shares and the euro fell on Friday as investors worried financial sector stress tests will throw up some unwanted surprises to add to the region's debt crisis.
Shareholders of Alpha Bank, Greece's third-largest lender, approved at a meeting on Friday management plans to boost capital through a rights offering and a convertible bond issue. Alpha Bank's management was authorised
The dollar steadied in Asia on Friday after the impact from a Standard and Poor's warning that it could cut U.S. credit ratings was short-lived, and investors bought back the U.S. currency
Greece reached a deal with the European Commission on Thursday that gives it access to 14 bln euros of EU funds for badly needed investment in its infrastructure. Greece has received just
Greece's second-largest lender EFG Eurobank is in initial talks to sell a majority stake in its Turkish unit Eurobank Tekfen as it seeks to safeguard its balance sheet against debt loses. If
Prime Minister George Papandreou said on Thursday the next few days are critical for dealing with Greece's colossal debt but he was pleased nations now saw the crisis as a broader structural
Bulgaria's parliament approved legal changes on Thursday to bar people identified as having collaborated with the secret police under pre-1990 communist rule from top diplomatic jobs. The centre-right government proposed the changes
