EU leaders appointed Italy's Mario Draghi as the next president of the European Central Bank on Friday and another Italian on the ECB's executive board agreed to step down to smooth the
European shares bounced back on Friday from three-month closing lows, with investor risk appetite rising on expectations Greece could avoid a default after international agencies gave their go-ahead for a five-year austerity
The National Bank of Greece, the country’s largest lender, expects non-performing loans to peak this year and will sell a 20% stake in its Turkish unit Finansbank as soon as market conditions
Greece's conservative opposition has maintained a lead over the ruling Socialists, with three quarters of Greeks opposed to a new government austerity package aimed at avoiding default, an opinion poll showed on
German business sentiment rose for the first time in four months in June, bucking expectations for a drop and showing the economy still growing strongly in comparison with struggling European peers. The
German debt fell on Friday after Greece won a commitment for more international aid in return for further austerity, but uncertainty over Greece's ability to avoid default should keep bonds underpinned. After
Demand for art, watches, rare wines, vintage cars and other offbeat investments that set pulses racing expanded in 2010 as wealth levels of the world's super-rich rebounded from the financial crisis, a
Investors are sceptical about a proposal by Britain's deputy prime minister to give every UK voter shares in the country's state-owned banks, saying the plan would be difficult to execute and could
Ukraine's state security service on Thursday said it had broken up an international hacking ring that infiltrated foreign banks' computer networks and stole $72 mln. The hacker group, organised and led by
British Prime Minister David Cameron said on Thursday he had received assurances that Britain will not be asked to contribute to any new bailout of indebted Greece now under discussion among European
