By Joseph A. Giannone Goldman Sachs Group Inc, Morgan Stanley, JPMorgan Chase & Co and several other big U.S. banks said they were in a position to quickly repay Treasury capital injections
China's vice premier Wang Qishan said the global financial crisis is spreading and the economy will get worse before it gets better, in a written article in the Financial Times on Friday.
Part-nationalised lender Royal Bank of Scotland fell to a small first-quarter loss after bad debts quadrupled and it took another 2.1 billion pound ($3.2 billion) writedown on risky assets. Britain's second biggest
Asian shares dipped and the safe-yen haven yen edged up on Friday in a muted reaction to U.S. bank stress results that provided no real surprises, with investors turning cautious ahead of
U.S. regulators told top banks on Thursday to raise $74.6 billion to build a capital cushion officials hope will restore faith in financial firms and set a course out of the deepest
The EU summit in Prague for the Eastern Partnership, aiming at strengthening ties between the EU and six Eastern Europe countries, namely Ukraine, Belarus, Moldavia, Armenia, Georgia and Azerbaijan, wrapped up its
President of the House of Representatives Marios Garoyian has said that, despite the sincere political will and the constructive initiatives on behalf of the Greek Cypriot side, no substantive progress has been
Minister of Finance Charilaos Stavrakis has said that Cyprus is satisfied with the progress achieved so far regarding negotiations between Cyprus and Qatar for an investment in Nicosia on behalf of the
The total sales of petroleum products in March 2009 recorded an increase of 9.8% compared to the previous month, according to the Statistical Service. A significant increase was recorded in the sales
European equities turned negative in afternoon trade on Thursday, tracking a fall in U.S. stocks, with weaker drugmakers and insurers weighing on the market. By 1427 GMT, the pan-European FTSEurofirst 300 index
