Newly appointed Greek Foreign Minister Demetris Droutsas said here Wednesday that his two-day visit to Cyprus aims at conveying the message that the Cyprus issue remains a top priority for the Greek
— New joint chairman “in a few days” — The government is going ahead with plans to merge the island’s two ailing airlines, state-controlled Cyprus Airways and state-owned charter operator Eurocypria, with
— Investors take control in deal worth €36 mln — BLC Bank, one of the oldest financial institutions in Lebanon with 35 branches across the country, is expected to buy all the
China Mobile shares fell the most in a year after Vodafone sold its stake in the company for $6.5 bln, nearly double what it paid, but analysts expect the stake sale to
European shares rose on Wednesday, as BP lifted oil majors after it released a report into its Gulf of Mexico oil spill, offsetting falls in banks on concerns over the financial sector's
Greece's austerity-hit economy shrank at a faster pace than previously thought in the second quarter, casting doubt on government hopes that the future path of a protracted recession will be relatively mild.
– By Edward Taylor and Arno Schuetze, Reuters Leading bankers played down concerns an uneven economic recovery and planned stringent new capital rules could plunge the sector into more ructions. Speakers at
– By Nicholas Paisner, Reuters Breakingviews When American banks began raising private capital in early 2009, it marked the beginning of a vertiginous rebound for U.S. financial stocks. Europe's lenders will be
– By Martin de Sa'Pinto, Reuters Assets in Europe's top 50 hedge fund managers rose by 11 percent to $300 billion between January 2009 and June 2010, helped by a surge of
Greek bank stocks were shedding more than 5% just after opening on Wednesday, underperforming the broader Greek market, as a sharp drop by National Bank (NBG) shares weighed on the benchmark index.
