— Coalition rift affects airline decision — — Bankruptcy cost higher than new plan — The fate of state-owned carrier Eurocypria lies in the hands of Thursday’s plenary session of parliament
Capital Intelligence has lowered Greece’s long-term foreign currency rating to BBB+ from A and its short-term foreign currency rating to A2 from A1. The outlook on the long-term rating – which indicates
Among the three governments — Spain (Aaa), Portugal (Aa2) and Greece (A2) — whose public finances are currently the focus of much market speculation, only Greece faces material challenges, Moody's Investors Service
The U.S. trade deficit widened unexpectedly in December to $40.2 billion, fueled by the highest oil prices and oil imports since October 2008, the Commerce Department said on Wednesday. Wall Street analysts
Oil rose above $74 a barrel on Wednesday, bouncing from earlier losses, as the euro extended gains against the dollar on hopes for a bailout for Greece. U.S. crude futures <CLc1> rose
The Bank of England may have to pump more money into Britain's fragile economy, Governor Mervyn King said on Wednesday after the central bank forecast inflation would stand well below target in
Firming expectations of a Greek bailout lifted world stocks, the euro and commodity prices on Wednesday, and sent Greece's borrowing costs lower. European finance ministers will hold teleconference to discuss the Greek
Iran remains seized with the Cyprus problem as it is important for all Cypriots and has important affects on the region, Iran's Ambassador in Nicosia Ali Reza Bigdeli has said during an
Marfin Popular Bank announced that the Board of Directors at its meeting of 9/2/2010 was re-constituted in accordance with new regulatory framework of the Central Bank of Cyprus by appointing Andreas Vgenopoulos
British inflation would stand well below the two percent target in two years' time if interest rates rose as fast as markets predict, a Bank of England forecast showed on Wednesday. In
