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Iceland must wait until March to formally launch negotiations to join the European Union because recommendations on its application have not yet been finalised, diplomats said on Tuesday. Reykjavik had hoped to

Fitch Ratings cut Greece's debt to BBB+ on Tuesday with a negative outlook, the latest blow to the troubled euro zone country, driving its bonds, banking shares and the euro itself lower.

Investor confidence in Dubai took a fresh knock on Tuesday as officials dithered over a rescue for debt-laden state conglomerate Dubai World and ratings agency Moody's slapped a downgrade on government-related debt.

Global share markets fell on Tuesday with bank stocks hit by fears of exposure to Dubai debt while the euro slid after a ratings agency downgraded Greece's credit rating. Investors took refuge

Moody's Investors Service has downgraded all six Dubai government-related issuers (GRIs). This rating action follows recent comments and statements from government officials, which cause the rating agency to believe that no meaningful

The investment exposure of US insurers to bonds of Dubai World and its subsidiaries is very limited, totaling $590 mln (or less than 0.02% of cash and invested assets), Moody's Investors Service

Moody's expects the largest banks in the Nordic area to retain their solid franchises in their respective home countries and also, where applicable, their good franchises in neighbouring Nordic countries. However, those

Poland's A2 government bond ratings are supported by high economic, institutional and government financial strength, Moody's Investors Service said in its new sovereign credit report on Poland. The rating outlook is stable,