The risk of credit downgrades for euro zone governments will intensify if European leaders cannot agree a credible and coherent policy response to the bloc's debt crisis, ratings agency Fitch said on
The Cyprus Statistical Service has revised up its initial estimate for real GDP growth in the fourth quarter of 2.5% from an initial flash estimate of 2.1%. On a seasonally and working
Euro zone leaders are set to agree a "competitiveness pact" at a summit on Friday and will push Portugal to announce new reforms to increase market confidence as they seek to draw
A massive 8.9 magnitude quake hit northeast Japan on Friday, causing many injuries, fires and a four-metre tsunami along parts of the country's coastline, NHK television and witnesses reported. There were several
The European Union effort to reach an employment rate of 75% for women and men aged 20-64 years by 2020, in the framework of the strategy ''Europe 2020'', may not be feasible,
* Buys slots from Olympic Aegean Airlines is launching a direct daily flight from Larnaca to London’s Heathrow later this month, following its purchase of airport slots from Olympic Air. The 168-seat,
Greek central bank governor George Provopoulos said on Thursday he expects consolidation moves in the country's banking sector to take place this year as banks seek alliances to deal with the debt
Germany refused to be rushed into boosting the euro zone's rescue fund after Moody's cut Spain's credit rating on Thursday and markets piled pressure on Portugal on the eve of a summit
Moody's Investors Service said that most of the credit conditions that supported the performance of the US and European bond fund markets in 2009 and 2010 are likely to continue. Consequently, Moody's
Moody's downgraded Spain's sovereign debt rating by one notch on Thursday and warned of further cuts to come due to fears that bank restructuring will cost more than twice what the government
