Two major UK banks bailed out by the British government have submitted restructuring plans to European Union regulators for approval, a senior European Commission official said on Thursday. The European Commission is
The industrial turnover index of Cyprus is provisionally estimated to have reached 115.2 (base 2005=100) in April, recording a decrease of 10.8% compared with April 2008. For the period January-April 2009, the
Moody's Investors Service has placed on review for possible downgrade the bank financial strength ratings (BFSRs) and/or the long-term debt and deposit, subordinated and hybrid ratings of six Norwegian banks and four
World stocks stabilised near the previous session's nine-month high on Thursday after forecast-beating earnings from major firms boosted expectations for a global economic recovery. Swiss bank Credit Suisse's higher-than-expected second-quarter profits and
Britain's blue-chip shares retreated by midday on Thursday, weighed by weak tobacco, oil and water stocks, but gains in miners and banks provided some support for the index. By 1053 GMT the
EU member Cyprus plans to legislate against usury after an apparent spike in cases of people struggling with costly debt from loan sharks profiteering during the financial downturn. Although there is no
International bank lending dropped again in the first quarter and shrank by over $6 trillion in the year to the end of March as the financial crisis restrained credit, according to Bank
British retail sales jumped at three times the rate analysts expected in June as hot weather and early summer discounting boosted sales of clothing, official data showed on Thursday. The Office for
Microsoft Corp said on Wednesday it is releasing the code for Windows 7 to PC manufacturers, keeping the software company on track to have machines running its new operating system in the
Moody's Investors Service has placed the local and foreign currency deposit ratings of four Tunisian banks on review for possible downgrade in light of its global review of systemic support indicators and
