European shares hit a four-week low on Friday, extending the previous day's sharp losses, as investors were nervy before the U.S. jobs figures after data this week cast doubt about the strength
World stocks fell and the U.S. dollar broadly held firm on Friday as doubts grew about the pace of economic recovery and the week's major data on U.S. jobs loomed large. European
The fundamental credit outlook for the Baltic banking systems is negative, reflecting the significant decline in banks' financial metrics within the context of the severely weakened economies of Estonia, Latvia and Lithuania,
Minister of Finance Charilaos Stavrakis and Vice President of the European Investment Bank (EIB) Ploutarchos Sakellaris signed an agreement of guarantees on Thursday, providing for a loan of 30 million EUR from
The EU27 unemployment rate rose up to 9.1% in August 2009, compared with 9.0% in July, while it was 7.0% in August 2008 according to data released by Eurostat. The euro area
Olympic Air (OA), the revamped former national carrier following its acquisition by Marfin Investment Group (MIG), formally launched operation on Thursday (October 1), while Group chairman Andreas Vgenopoulos announced that MIG possesses
Asian shares fell on Friday as disappointing U.S. manufacturing data raised concerns that its economic recovery may not be as fast as previously thought, while the dollar remained firm as investors booked
British house prices rose for a fifth month running to turn flat on the year in September, the Nationwide Building Society said on Friday, in a further sign the housing market is
British households and companies face a more severe credit shortage this year and next than their American and European counterparts, hampering economic recovery, the International Monetary Fund said on Wednesday. Interest rates
The industrial output prices index for August 2009 fell by 0.1% over the previous month to 119.0 (base 2005=100) in August. For the period January-August 2009, the index recorded a decrease of
