Oil will not derail recovery

A sustained period of higher oil prices would significantly affect developing economies but is unlikely to derail their strong recovery since the financial crisis, a senior World bank official said on Monday.

Marfin Popular net falls on poor markets

 — Loans grow in Russia, Serbia, Ukraine and Cyprus – Cyprus-based lender Marfin Popular's net profit fell almost 50% last year as weak fixed income and equity markets weighed on income. The