Piraeus Bank seen swinging to Q2 loss

Piraeus Bank, Greece's fourth-largest lender, is expected to report a second-quarter loss, hit by a one-off austerity tax and higher loan-loss provisions as the recession deepened. Piraeus will get the ball rolling

Egypt detains official over Van Gogh theft

Egypt's general prosecutor ordered that the government's head of fine arts be detained for four days pending an investigation into the theft of a Van Gogh painting worth an estimated $55 mln,

Wind Hellas sales, EBITDA fall in Q2

Greece's cash-strapped mobile phone operator Wind Hellas said on Monday sales and operating revenue continued dropping in the second quarter, as recession and competition kept weighing on results. Total revenues dropped to

Russian grain crop down 38% so far

Russia has enough grain to cover its needs after harvesting 38% less in 2010, a senior official said on Monday, but his data indicated the former exporter is likely to import millions

UBS signs global deal with F1

Formula One signed up Swiss bank UBS as a global partner on Monday in a deal the sport will hope marks a turnaround after the exit of several other financial institutions due