The European Commission has proposed an important revision of the EU framework for investment funds, which provides consumers with access to professionally managed investments on affordable terms. These funds, known as 'UCITS'
By George Hatzidakis and Tatiana Fragou ATHENS, July 16 (Reuters) – Greek villagers fled their homes as hundreds of firefighters battled forest blazes that raged near the Greek capital Athens on Wednesday,
Public confidence in U.S. economic policy dipped this month as unstable markets and shaky financial institutions left Americans uneasy about the future, according to a Reuters/Zogby poll released on Wednesday. The Reuters/Zogby
Stock futures slipped on Wednesday due to caution ahead of a key inflation report and mounting concerns about the health of the financial sector. The government is scheduled to release June's Consumer
World stocks fell towards this week's 21-month low and the dollar approached a record low versus the euro on Wednesday as investors nursed acute worries about the financial sector. U.S. crude oil
Cyprus wants to become a key financial booking centre for investments from China into the EU and vice-versa, similar to the way it acts for Russia, the Ukraine and other countries. Cyprus
Cypriot Finance Minister Charilaos Stavrakis remains adamant that despite the decline in tax revenue, the country will still manage to report a 0.1-0.6% of GDP budget surplus for 2008, or in numerical
The number of Britons out of work and claiming benefits rose for a fifth month running in June and by its largest amount since the slump of the early 1990s, in a
European shares slipped on Wednesday after an early rally in banks ended and analysts warned persistent concern over the economy and the corporate sector would likely keep the broader market under pressure.
The International Monetary Fund is sticking to its estimate that losses on U.S. assets from the subprime crisis and its wider fallout would be about $1 trln despite fresh U.S. banking problems
