Spain said on Monday that foreign banks were refusing to lend to some of its banks in the latest twist to the euro zone debt crisis, but denied it was on the
Greek bank stocks gained 4.8 percent on Monday, leading the Greek equities market higher, as they continued to rebound from oversold levels amid optimism over fiscal consolidation targets, traders said. "There are
Britain's newly created budget watchdog downgraded economic growth forecasts on Monday but did not radically alter the scale of austerity measures required from the country's coalition government. Business Britain's economy will grow
As 2009 drew to a close, Europe's common currency appeared to have weathered the worst global financial crisis since the Great Depression with barely a scratch. Countries outside the euro area, from
Market supervisors in the European Union could be given powers to temporarily ban naked short selling of credit default swaps and shares in times of extreme volatility, the bloc's executive body said
World stocks rose 1 percent on Monday to their highest level in over a week and heading for their fourth straight day of gains as investors banked on global economic recovery to
Cypriot Minister of Foreign Affairs Markos Kyprianou departs for Denmark on Tuesday where the trio presidency of the European Union, Poland, Denmark and Cyprus, for the second half of 2011 and the
Britain's newly created budget watchdog downgraded economic growth forecasts Monday but did not radically alter the scale of austerity measure required from the country's coalition government. Britain's economy will grow more slowly
The Agricultural Bank of China is seeking to raise over $23 billion by listing in Hong Kong and Shanghai, in what would be the world's biggest IPO, as China's banks shore up
The U.S. labor market will hold the key to a recovery in the hard-hit housing sector, according to a Harvard University report released on Monday. Record high foreclosures and a high jobless
