Greece pledged on Thursday to hike VAT, freeze pensions and cut government waste further in 2011 to meet the terms of an EU/IMF bailout after admitting it will miss this year's targets.
Greece's OTE, the biggest telecoms group in the Balkans, expects the Greek economic situation to worsen next year as the country struggles to extract itself from the deepest recession in almost 40
Oil rose above $82 a barrel on Friday on a stronger euro ahead of an expected bailout of Ireland as well as on expectations China could lift interest rates to curb inflation.
European shares fell back on Friday after strong gains the previous session, with miners lower on worries that China, the world's biggest metals user, will raise interest rates. Most analysts remained optimistic
Shareholders of Cyprus-based Marfin Popular Bank on Thursday approved plans to boost its capital with a 488.6 mln euros rights issue and a convertible securities issue worth up to 660 mln euros.
Irish officials reassured savers on Thursday that their deposits were safe amid fears over what a possible IMF/EU bailout would mean for the country's banks. Irish lenders have suffered outflows of corporate
Greece pledged on Thursday to hike VAT, freeze pensions and cut government waste further in 2011 to meet the terms of an EU/IMF bailout after admitting it will miss this year's targets.
Oil retraced part of a steep four-session drop on Thursday as worries about Ireland's debt crisis eased and a sharp crude inventory drawdown in top consumer the United States encouraged investors. Oil
Six countries have declined invitations to the Deccember 10 Nobel Peace Prize ceremony for jailed Chinese dissident Liu Xiaobo, the Norwegian Nobel Committee told Reuters on Thursday. The six nations that declined
General Motors Co shares traded up 7% on Thursday morning, in a dramatic market return for the top U.S. automaker that comes less than a year and half after it emerged from
