Greece's four largest banks are likely to participate in smaller rival Proton Bank's capital boost, the country's central bank said on Friday. The move would help keep Proton afloat after the bank
Russia said it had lost track of a newly-launched, multi-million-dollar telecommunications satellite on Thursday, the latest in a series of setbacks that have dogged its space industry. The $265-million Express AM-4 satellite,
The industrial turnover index for reached 129.8 in May (base 2005=100) according to the Statistical Service, recording an increase of 3.8% compared with May 2010. Industrial production in the same period rose
The price index of construction materials reached 126.11 units (base year 2005=100,00) in July according to the Statistical Service Cystat, recording a marginal increase of 0.02% over the previous month. In the
Austria proposed on Friday linking demands from euro zone states for collateral on loans to Greece to how much protection each country's financial sector will secure in a parallel private sector bailout
Euro zone member states will have to decide if a deal between Finland and Greece on collateral for financial support to Athens is in line with the agreement on the bailout agreed
Greece's economy will shrink by over 4.5% this year, the country's finance minister said on Friday, adding that a new bailout deal for the troubled euro zone member would not be completed
Asian stocks tumbled as much as 4% on Friday on growing fears that the U.S. economy was sliding into recession and as some European lenders faced short-term funding strains, raising fears of
. When Federal Reserve Chairman Ben Bernanke takes the podium next week at the central bank's annual meeting in Jackson Hole, Wyoming, his sense of deja vu may be overwhelming. Stocks have
. President Dilma Rousseff faces a damaging showdown with Congress that threatens to hurt Brazil's growth prospects as she struggles to contain a rebellion over her drive to cut costs and root
