EU finance ministers, seeking a confidence-booster as the global financial crisis pounded tiny Iceland on Tuesday, agreed to increase the minimum level of bank deposit insurance across the 27 European Union countries.
The Federal Reserve on Tuesday announced the creation of a special-purpose facility with the Treasury Department's blessing to begin buying commercial paper in yet another emergency move aimed at calming chaotic financial
Middle East stock markets slumped to multi-year lows on Tuesday as speculation intensified that a five-year Gulf property boom was over and that developers would be forced to merge as financing conditions
European Union finance ministers agreed to guarantee bank deposits up to 50,000 euros ($67,930), against 20,000 euros under current rules, a document viewed by Reuters said on Tuesday. Ministers agreed that the
Russia negotiated an emergency bailout for Iceland and unveiled an aid package for its own banks on Tuesday, while Japan called for greater coordination in tackling the global financial crisis. Australia reacted
Greek flights will be grounded and urban transport is expected to come to a standstill on Wednesday as workers stage a 24-hour strike against the conservative government's privatisation policy. Greece's private sector
Cypriot President Demetris Christofias said on Tuesday he was disappointed with peace talks with rival Turkish Cypriots on the ethnically divided island, but that he was still optimistic there could be a
A highly-experienced team of international agriculture and rural development experts funded from the EU aid programme for the Turkish Cypriot community will be present throughout the annual agricultural fair taking place in
Britain and its banks will hold more urgent talks over a possible multi-billion pound injection of public money into the sector over coming days, an industry source said as the financial crisis
Iceland took over its second largest bank on Tuesday and Russia announced an aid package for banks, seeking to limit damage from the global financial crisis. Following are measures taken by national
