Cyprus President Demetris Christofias and Turkish Cypriot leader Mehmet Ali Talat continued here today their discussions on the powers of the executive, in the framework of direct negotiations aiming to solve the
The rebound of Russian London-traded shares was short-lived on Monday and gains halved by midday as investors said they were keen to see evidence of government money finally reaching the market this
By Richard Mably (Reuters) World oil prices are likely to fall further if the rush to cash across global financial markets continues but crude is unlikely to dip for long below the
Iceland looked for help from new partners on Monday to dig it out of a crisis that has overwhelmed its once-flourishing financial sector. A central bank and finance ministry delegation left for
Most shopkeepers in Tehran's main bazaar re-opened for business on Monday after a protest against a new sales tax, but some defied calls from their trade union to go back to work.
The German cabinet approved a banking rescue package worth up to 500 billion euros ($679.3 billion) on Monday, coalition sources said, taking a sector-wide approach after less comprehensive steps failed to calm
Greece's fourth-largest lender Bank of Piraeus agreed to buy 26.62% of small Greek lender Proton Bank through a share swap of one share of Piraeus Bank for every 5.5 shares of Proton
Fewer than half of Cyprus’s tourists stay in hotels, according to data released by the Statistical Service, while around one-sixth stay with relatives and friends. Between January and August 2008, on average
Last week’s deepening financial and economic crisis has brought forward new policy measures in Europe over the weekend. Here is a recap prepared by Citigroup analysts. Euro Area: Is this the ‘Super
The dollar London Interbank Offered Rate, or Libor at which banks lend to each other remained at high levels despite the injection of billions of money by Central Banks in the form
