Marfin Popular Bank Public Co Ltd said that it does not need nor does it intend to use any state aid of any nature, in a reference to the EUR 28 bln
Oil eased on Tuesday, pressured by expectations that a global recession will crush demand for oil, which could limit the impact of any supply cuts by OPEC. U.S. light crude for November
World stocks stumbled in the attempt to put in gains for the third day in a row on Tuesday as Wall Street futures turned down on economic fears. European stock markets had
The European Union vowed on Tuesday to work to enlist emerging Asian economic giants China and India in a summit to reform the global financial system. French President Nicolas Sarkozy and European
British manufacturers expect to cut output at the sharpest rate in nearly 30 years and more than 60,000 jobs could disappear before the end of the year, the Confederation of British Industry
The government said on Tuesday it would channel more training funds to small businesses and pay small business suppliers promptly to help them through an expected economic downturn. It said 350 million
Moody's Investors Service has downgraded the global local currency (GLC) deposit ratings and the National Scale Ratings (NSRs) of 12 Ukrainian banks. It has also lowered the outlook to ‘stable’ from ‘positive’
Capital Intelligence, the international credit rating agency announced that it has affirmed Jordan’s longterm foreign and local currency ratings of ‘BB’ and ‘BBB-‘, respectively. The sovereign’s short-term ratings are also unchanged at
DVD rental company Netflix Inc said on Monday it expects about 500,000 of its 8.7 million subscribers will be Blu-ray subscribers in the current quarter. Netflix this month began adding $1 to
Sony Corp has delayed sales of "LittleBigPlanet," one of its most widely anticipated videogames, by at least one week in the United States after finding potentially offensive background music in the game.
