The euro sank to four-year lows on Monday as stocks and commodities fell after disappointing U.S. jobs data and angst about euro zone debt problems fed fears the world economy may falter
Oil fell to below $70 for the first time in almost two weeks on Monday after disappointing U.S. jobs data and warnings about Hungary's economy re-ignited concern about energy demand growth and
Unemployment in Cyprus continued its relentless climb in May, rising by 5,425 or 35.8% compared with May 2009, having risen by 34.3% in April. The annual increase was mainly recorded in the
The consumer price inflation rate eased to 1.6% in May from 2.4% in April, largely thanks to a fall in food price relative to the previous year. Compared with the previous month,
European shares fell sharply on Friday after U.S. jobs data were below expectations, with bank stocks among the worst performers led by Societe Generale on concerns over its derivatives operations. The U.S.
A Hungarian official was not exaggerating when he said on Thursday that the country had a slim chance of avoiding a Greek-style debt crisis, the prime minister's spokesman said on Friday. Party
Greece on Friday submitted a draft bill for parliamentary approval of its bailout by the European Union and the International Monetary Fund (IMF) by the end of next week, the finance ministry
European stocks climbed in early trade on Friday, extending a week-long recovery rally, as investors eagerly awaited U.S. monthly jobs data that could soothe recent jitters over the pace of the global
European Commission President Jose Manuel Barroso defended spending cuts across Europe at talks with trade union leaders on Friday, saying austerity was needed to restore investors' confidence and economic growth. "I underlined
Britain should not look at rising inflation as a way of cutting its public debt, Bank of England Deputy Governor Charles Bean said, adding the central bank would not hesitate to take
