Greece's budget gap last year was worse than feared, the European Union's statistics office revealed on Thursday, and Moody's Investors Service downgraded its rating of Greek government debt. The news triggered a
The euro plunged to its lowest level against the dollar in almost a year on Thursday and European equities fell after Moody's slashed Greece's sovereign rating, hours after the European Union said
The number of U.S. workers filing new claims for jobless aid fell last week as the labor market gradually heals and producer price data showed inflation remained muted, despite a surge in
U.S. stocks fell at the open on Thursday with the S&P 500 and the Nasdaq dipping more than 1 percent as Greece once again soured risk appetite with more news on its
The Council of Ministers approved Thursday officially the agreement signed Wednesday between Cyprus and Qatar for the creation of a joint venture for a major project in Nicosia, which will include a
Cyprus’ public deficit reached in 2009 6,1% of the GDP, or 1,029 billion euro, in absolute numbers. According to data issued Thursday by Eurostat, 14 Eurozone member states recorded a deficit over
U.S. stock index futures fell on Thursday as Greece's financial position appeared to deteriorate, hurting risk appetite. Doubts over Greece's ability to finance itself have triggered negative investor sentiment in recent months.
U.S. Treasury Secretary Timothy Geithner said on Thursday he is very confident that softening opposition to financial reforms bodes well for passage of legislation. "If you just listen to the tone of
The higher than expected Greek budget deficit in 2009 calls for full implementation of already planned fiscal tightening measures that amount to 4 percent of GDP, the European Commission said on Thursday.
Financial markets ticked over hesitantly on Thursday with investors digesting mixed U.S. earnings results and waiting for the next move in Greece's debt crisis. World stocks as measured by MSCI were flat
