Swiss banks' exposure to Greece dropped to $3.6 billion from $64 billion in the three months to December, and this time it's not wayward Greek statisticians' fault. The whopping, yet mystifying drop
Strong corporate results and a rally by banks hauled Britain's top share index into positive territory early on Thursday as investor nervousness on the Greek dent crisis eased, outweighing weakness from energy
European shares rose in early trade on Thursday, lifted by a raft of mostly positive earnings and word from the U.S. Federal Reserve it would keep rates near zero for an extended
The stable outlook for credit conditions in the Qatari banking system is based on the country's enduring macroeconomic growth and the government's repeated interventions during 2009, Moody's Investors Service said in a
The euro zone and its partners are determined to help stabilise Greece, and restructuring its debt is out of the question, French Budget Minister Francois Baroin said on Thursday. "There is no
ECB Governing Council member Axel Weber said on Thursday there was no acceptable alternative to rescuing Greece and urged quick approval of an aid package to prevent market upheaval and contagion to
Cypriot Minister of Finance Charilaos Stavrakis has said that Cyprus is ready to offer financial aid to Greece, of around 60 million euro. In statements Wednesday, the Minister said that Cyprus is
The attraction of Foreign Direct Investments (FDI) could tackle the growth weaknesses of the economy, Cyprus President Demetris Christofias said on Wednesday. ''The attraction of foreign corporate capital, mainly for direct investments
A eurozone/IMF aid package for Greece will be worth 100 to 120 billion euros over three years, according to IMF Managing Director Dominique Strauss-Kahn, opposition members of Germany's parliament said after meeting
Financial analysts see a roughly one in three chance of Greece restructuring its debt sometime in the next five years, and an approximately one in ten chance of it leaving the euro
