Stable outlook for Saudi banks, says Moody’s

The outlook for the Saudi banking system is stable, reflecting its resilience and strong financial fundamentals despite the continued challenging operating conditions, Moody's Investors Service said in its annual banking outlook on

World stocks near 5 month high

World stocks hit their highest level in nearly five months on Monday while oil prices rose as growing corporate merger activity and last week's upbeat U.S. economic data encouraged investors to buy

IMF on Greece’s return to markets

"We expect that Greece may return to markets within the next 12 to 18 months", Caroline Atkinson, the IMF's Foreign Relations director said on Thursday. Speaking to reporters, Atkinson noted that the

BoG chief: Crisis as catalyst for Greece

The Greek economy has great growth potential and the present crisis could become a catalyst for a new course that could reform the economy, improving competitiveness and prosperity, Bank of Greece governor

Risk appetite gives Hungarian goverment respite

Foreign investment flows are strengthening Hungary's resistance to a new international aid deal and raise the chance of a disappointing 2011 budget that could prompt rating downgrades and a market sell-off. End-of-summer