The European Commission has approved under European Community Treaty state aid rules a Cypriot scheme using special government bonds to reinforce stability in financial markets and mitigate the effects of the crisis.
Britain's top share index closed 1 percent down on Thursday, coming off earlier lows, as weaker crude and metals weighed on energy stocks and miners. The FTSE 100 ended 50.49 points lower
Britain's banks are batting back accusations they have already forgotten the financial crisis that struck last year, insisting they are revamping and bracing for a "very different" future. In the first of
Moody's Investors Service downgraded Thursday the long-term global local currency (GLC) deposit ratings of two Armenian banks — ACBA-Credit Agricole and Ardshininvestbank — to Ba2 from Ba1. The outlook on all ratings
The sharp reduction in light vehicle production in the global automotive industry has started to moderate and very modest growth trends may be starting to emerge, Moody's Investors Service said in a
AT&T Inc reported stronger-than-expected third quarter profit as the wildly popular iPhone helped it land a record number of new wireless customers for the period, sending its shares up 3.7 percent. Some investors
The number of U.S. workers filing new claims for unemployment benefits rose more than expected last week, data showed on Thursday, indicating the labor market remains fragile despite signs of economic revival.
Asian shares rose on Friday as investors were encouraged by upbeat earnings reports from the United States and Asia while the dollar resumed a broad slide after a Fed official indicated U.S.
Moody's Investors Service explains in a new Special Comment that the financial crisis and the resulting macroeconomic shock have exerted pressure on the compliance of banks with debt covenants. The breaching of
Central banks that worked hand in hand with governments to contain the financial crisis may succumb to political pressure and delay unwinding ultra-loose monetary policy, risking igniting inflation and speculative bubbles. With
