European stocks fell again on Friday despite German approval of a euro zone rescue package, as markets remained unconvinced the aid would resolve the debt crisis. The euro, however, found support from
German lawmakers approved on Friday a $1 trillion safety net to stabilize the euro as world stocks slid further on fears Europe's debt crisis and tougher financial regulation will choke economic recovery.
Stock index futures pointed to a slightly higher open on Wall Street on Friday, following the previous session's steep sell-off, with futures for the S&P 500 up 0.4 percent, Dow Jones futures
The Hellenic Bank Group recorded net profit of 28.3 million euro in 2009, slightly less compared to the 2008 profit totaling 31,3 million euro. The Group presented its results for 2009 at
President Demetris Christofias has said that Cyprus’ economy, in spite of the world economic crisis and in comparison to other countries, has proven to be resilient, adding that the government does its
The world economic crisis continues to affect Cyprus and as a result in 2009 the rate of growth showed a negative trend of 1,7% in comparison to 3,6% in 2008, President of
Agreeing on a $1 trillion safety net may prove the easy part of saving the euro now the European Union's leaders are turning to the divisive issue of tightening economic policy coordination.
France and Germany pledged on Thursday to work together to solve a European debt crisis and support the euro, patching up a public rift that had rattled markets around the world. The
Asian stock markets slid on Friday as worries about the euro zone and the flare-up in market volatility prompted investors to sell shares and keep cash until calm returns. European shares were
Germany said restoring confidence in the euro was its "top priority," demanding tougher regulation and oversight on Thursday to protect the single currency, and joint EU action on withdrawing support for its
