Cyprus's finance ministry wants dozens of senior state officials to accept a 10 percent pay cut as the island state battles a widening deficit, a newspaper reported on Wednesday. Cyprus is trying
Asian stocks neared 22-month highs on Wednesday as regional investors largely shrugged off festering worries about fiscal problems in Europe and focused on a recovery in the world economy. The upbeat mood
Greece cannot borrow at current rates for a long time but has no intention of using an EU-IMF aid mechanism for the time being, the country's finance minister said on Tuesday. "Interest
The euro fell broadly on Tuesday as worries about Greece's finances resurfaced, and two major U.S. stock indexes rose as minutes from the U.S. Federal Reserve's latest meeting eased concerns over rising
The government has submitted to the European Commission its Stability Programme, which includes the basic targets to reduce the budget deficit to 6% in 2010 and below 3% by 2013. According to
The ageing of Europe may open opportunities to sell savings products, but it also spells a real threat to parts of the financial services industry. Pensions experts call it the "toxic tail".
Apple Inc sold more than 300,000 iPads on the tablet computer's first day in stores, a strong showing that roughly matched Wall Street forecasts and mirrored the iPhone's debut in 2007. Despite
Greece is not seeking to amend an EU-IMF safety net agreement, a top finance ministry official said, trying to calm markets that ditched Greek assets and the euro after a flurry of
Stock index futures edged lower on Tuesday after a report Greece wants to renegotiate a deal it struck for financial aid reignited concerns about the stability of the debt-ridden country. Greece's government,
The European Union executive and European Central Bank had no comment on Tuesday on a media report that debt-stricken Greece wants to amend an aid deal involving the International Monetary Fund and
