European shares extended losses on Monday to slump more than 5 percent as concerns about the health of the financial sector mounted and several governments stepped in to rescue banks and ordinary
Cyprus President Demetris Christofias has assured that the government has a plan to protect small businesses in Cyprus from the international financial crisis, noting that the Council of Ministers has recently taken
The German government announced that it will guarantee all private German bank deposits, covering both existing accounts and future ones. Details of the new scheme are unclear, but apparently it will replace
Turkish side’s positions do not leave ground for optimism regarding the outcome of the renew efforts to reach a Cyprus settlement, President of the House of Representatives Marios Garoyian has said. “We
Cyprus ranks first so far on the UEFA country ranking table for the new football season 2008-2009, with 5.666 points, after last week’s results in the European Cups. Anorthosis Famagusta FC beat
BNP Paribas <BNPP.PA> took control of the Belgian and Luxembourg businesses of troubled financial group Fortis <FOR.BR> on Sunday in a complex rescue that will make Belgium the French bank's biggest shareholder.
Germany offered a blanket bank deposit guarantee as it clinched a deal to rescue lender Hypo Real Estate, while regulators from Washington to Seoul took their own steps to ensure the stability
Three more European governments offered blanket bank deposit guarantees before shell-shocked markets open on Monday, as regulators from Washington to Seoul scrambled to contain the deepest financial crisis in 80 years. For
Asian stocks fell 4% on Monday and the yen surged to a 2-year high against the euro as investors doubted the scattered European response to the financial crisis and the $700 bln
Oil fell below $94 a barrel on Friday after a report showed U.S. employers slashed jobs in September, the latest indication of the weakening economy of the world's largest oil consumer. Investors
