French President Nicolas Sarkozy said on Friday that Greece's debt crisis had been solved after Athens won strong acceptance from private creditors for a bond swap deal. "I would like to say how happy I am that a solution to the Greek crisis, which has weighed on the economic and financial situation in Europe and
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The once-impossible idea of Carlos Tevez ever playing for Manchester City again could actually become reality on Sunday when the leaders travel to Swansea City as the race for the Premier League title enters the home straight. Argentina striker Tevez, who had a spectacular falling out with manager Roberto Mancini last September, netted in a
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Britain's leading share index ticked lower on Friday, consolidating after strong gains in the previous session, with a strong take-up for Greece's bond swap deal discounted as investors sought fresh direction from key U.S. jobs data. U.S. February nonfarm payrolls, due at 1330 GMT, are forecast to have risen 210,000 in February, after a 243,000
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Greece averted the immediate risk of an uncontrolled default, winning strong acceptance from its private creditors for a bond swap deal which will ease its massive public debt and clear the way for a new international bailout. The finance ministry said creditors had tendered 85.8% of the 177 bln euros in bonds regulated under Greek
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. BY THEODORE PANAYOTOU Director, CIIM Business School Two institutions that we have trusted to serve our best interests have failed us badly, choosing to serve their own narrow interests instead. To the one, the government, we gave the right to tax away a good part of our earnings to help us do collectively what
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. BY AVEROF NEOPHYTOU Deputy President, Democratic Rally (DISY) The Cyprus economy is not currently at its best. And in fact it has not been at its best for some years now. Structural problems that were laying dormant in the foundations of our economy have risen to the surface due to a dangerous mix of
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. To donate, by definition, is to give freely and without any return consideration. This would make any donated transaction one of charity, usually to a financially incapable person or to a needy cause. But how many of the not-for-profit organisations that we know of have set a “return on investment” on their donated money,
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. SHAVASB BOHDJALIAN If you ask an entrepreneur or project promoter to identify the major issue that they have to deal with apart from business risk, probably their main concern will be lack of funding as banks around the globe have cut down on lending and become risk-averse. The alternative is to raise money from
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U.S. employment likely grew solidly for a third straight month in February, a sign the economic recovery is becoming more durable and in less need of further monetary stimulus from the Federal Reserve. The economy probably created 210,000 jobs last month, according to a Reuters survey, following January's tally of 243,000. The unemployment rate is
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The London Stock Exchange is to buy a majority stake in LCH.Clearnet in a deal valuing the clearing house at 813 million euros ($1.1 billion), the two firms said on Friday. The LSE will hold up to 60% of LCH.Clearnet. It will pay 20 euros for each LCH.Clearnet share bought. The maximum price paid by
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