Moody's Investors Service said that Bahrain-based Investcorp's half year 2009 losses of US$ 511.0 mln are in line with expectations and that the Baa3/Prime-3 deposit ratings remain on review for possible downgrade.
The outlook for European building materials companies is negative, reflecting the industry's ongoing challenges of weakening demand, pricing pressure and tight credit set against the backdrop of a global economic downturn, Moody's
British factory orders fell more than expected this month and at their sharpest rate since 1992, and firms expect to cut output at the fastest pace in nearly 30 years, a survey
A top Czech rate setter warned of higher interest rates and Hungary's prime minister sought new means to defend the forint on Wednesday as emerging European policymakers faced up to steep falls
Royal Bank of Scotland may need to pay over 5 billion pounds ($7.1 billion) for a UK government insurance scheme designed to cap any losses on toxic assets set to be unveiled
Cyprus has protested to the UN new violations of its national airspace by Turkey. An official press release issued on Wednesday said that Cyprus’ Permanent Representative to the UN, Ambassador Minas Hadzimichael,
Greek Cypriot and Turkish Cypriot political parties, which meet regularly in the UN-controlled buffer zone under the auspices of the Slovak embassy in here, have exchanged views on their vision for a
World share prices struggled to make headway on Wednesday as worries over a deepening recession undermined confidence, pulling investors toward less risky assets including government debt and gold. In currencies, the euro
Greek police defused an explosive device found in the trunk of a car parked outside Citibank's headquarters in a northern Athens suburb early on Wednesday. The incident follows a number of gun
Bank of England policymakers voted unanimously this month to seek government consent for quantitative easing through buying gilts and other securities, minutes to their Feb. 4-5 meeting showed on Wednesday. Sterling fell
