Cyprus raised EUR 165 mln for five years during the auction held on January 14 by the Central Bank of Cyprus on behalf of the Finance Ministry, with the initial offer at
By Jessica Mortimer With all news bad news for Britain's battered economy, sterling's six-month slump may have further to go, but charts show any new year slide is more likely to be
U.S. consumers cut their spending even more sharply than expected last month, data showed on Wednesday, while Germany's export-driven economy was forecast to shrink this year at its fastest pace in more
Standard & Poor's Ratings Services cut its credit ratings on Greece's sovereign debt on Wednesday, due to falling economic competitiveness and a rising fiscal deficit worsened by the global crisis. The news
British corporate profit margins fell in the third quarter of last year despite record returns from North Sea oil and gas, after companies started to feel the impact of the economic slowdown.
Barclays Plc said it is cutting more UK-based jobs in its retail and commercial banking businesses, which is likely to take job losses at the British bank to 4,600 in the past
European shares dropped on Wednesday, falling for the sixth consecutive session and turning negative on the year on renewed fears surrounding banks' balance sheets. Deutsche Bank tumbled 9 percent after saying it
European shares fell back in early trade on Wednesday as gains in energy stocks were overshadowed by falls in the banks and mining sectors. By 0932 GMT, the FTSEurofirst 300 index of
Britain launched a scheme on Wednesday to help small and medium-sized businesses refinance up to 20 billion pounds ($29.2 billion) of debt to stop cash-starved firms going bust. Economists and industry figures
Britain's leading share index slipped early on Wednesday as heavyweight HSBC fell on concerns of capital increase and dividend cut though oil producers boosted by firmer crude lent support. By 0844 GMT,
