European Central Bank President Jean-Claude Trichet said interest rates in the 13-nation euro region are still “low” after six increases since the start of December 2005, indicating a further move in coming
EU rules on how banks should charge for cross-border euro payments have brought about significant savings for consumers, without leading to an increase in charges for domestic transfers, according to a European
BREMEN, GERMANY – Germany‘s ‘Die Linke’ party (ex-PDS), during its Congress yesterday, sharply criticized one of its leading members, Hakki Keskin, for denying the Armenian Genocide. The comments by Mr. Keskin, the
The latest figures on consumer prices by origin show that much of the blame for rising prices lies with local producers rather than those selling into Cyprus. Prices of locally produced agricultural
Motorola, Inc. and Warner Music Group Corp. announced a global strategic partnership to create new music-based products and experiences for the mobile platform. This groundbreaking agreement marks the first time a music
The outlook for the Romanian banking system is stable, according to the latest Banking System Outlook for the country by Moody’s Investors Service in. While Romania‘s under-banked economy provides good prospects for
The European Commission has issued its evaluation report on the Financial Collateral Arrangements Directive (2002/47/EC). The report concludes that the Directive has made the use of financial collateral and the enforcement of
Moody’s Investors Service has raised the outlook on three Jordanian banks’ long-term foreign currency deposit ratings from ‘negative’ to ‘stable’. This follows Moody’s earlier announcement, changing the outlook on Jordan’s sovereign ratings
The removal of a footbridge erected by Turkish forces within the UN-controlled buffer zone at the end of Ledra Street should not be seen as a retreat or concession on behalf of
The Financial Mirror has reached an agreement with Greece’s premier financial news site, www.euro2day.gr, for the exclusive use of business and economic news from Greece and other markets within the Greek-language supplement,
