Moody's Investors Service has issued a negative outlook on the ratings of three Ukraine banks, ranging from ‘uncertain’ to a downright downgrade. Moody’s is maintaining its rating review of Rodovid Bank. However,
The sale of AspisÃŽ? Bank majority stake is on track as this week the final talks will be held with the four parties interested in the bank. The CSE listed Aspis Holdings
The International Monetary Fund (IMF) has published a positive assessment report on the stability of the Cyprus financial system, pointing out at the same time that “challenges remain”. According to an official
SAO PAULO, (Reuters)- A major electricity outage left tens of millions of people in Brazil's two largest cities of Sao Paulo and Rio de Janeiro without power on Tuesday night due to
European Union states agreed to raise the excise tax on cigarettes by nearly 30 percent to try to reduce smoking and improve public health, a move that could hurt tobacco manufacturers. The
Britain has offered to hand over almost half of its sovereign territory in Cyprus to facilitate a peace deal between the island's estranged Greek and Turkish Cypriots, the United Nations said. The
The European Union will hold a special summit on November 19 to choose a president and foreign policy chief, the Swedish presidency said on Wednesday. Swedish Prime Minister Fredrik Reinfeldt, who is
One of the most architecturally stunning features of the 2012 London Olympic buildings — the sweeping, wave-shaped roof to the aquatics centre — has been lowered into place. Designed by Iraqi-born architect
Japan's Nikkei stock average was flat on Wednesday as the yen climbed, offsetting a surprisingly large jump in domestic machinery orders for September and a forecast for a rise in the fourth
World Bank President Robert Zoellick said on Wednesday he saw some "downside risks" to world growth in 2010. Speaking to reporters at the Singapore Foreign Correspondents Association, Zoellick also said that asset
