Credit Agricole has renewed a request for the Greek Central Bank to grant its Emporiki unit access to a liquidity facility, which has been made available to some other local banks, the French bank's chief executive said on Tuesday. Jean-Paul Chifflet said the request was part of a wider range of measures aimed at reducing
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Greece's bank stability fund approved an 18 billion euro ($22.96 billion) injection to rescue its four largest banks and an official said they would get the urgently needed funds as soon Wednesday. Bankers say the recapitalisation will allow them to again receive funding from the European Central Bank (ECB), which cut off some Greek banks
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* Ukraine prepared for "professional" hooligans * Sees racism and xenophobia as problems * Little can be done to stop inflow of prostitutes Ukraine will use fighters and helicopters to guard its air space and put security and health services on full alert during the European soccer championship, but officials said on Tuesday they could
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European Central Bank Vice President Vitor Constancio said on Tuesday he does not expect Greece will exit the euro and urged Athens to work with Europe to remove the risk of its crisis spreading to other countries. "I don't think the worst is going to happen in Europe. I don't anticipate Greece will exit …
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Austria has a great business interest in Cyprus and excellent possibilities for cooperation in economic matters, the country’s President Heinz Fischer said today addressing a business forum in Vienna. On the issue of natural gas in Cyprus’ Exclusive Economic Zone, President Fischer said the island’s natural wealth is a sound foundation for a modern economy,
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Private equity firm CVC Capital Partners confirmed on Tuesday that investors Waddell & Reed , Norges Bank and BlackRock had paid $1.6 billion in cash for a 21 percent stake in the Formula One motor racing business. "We look forward to working with our new partners over the coming years," said Donald Mackenzie, a managing
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Nearly two decades since the start of online dating, the match-making sites that launched millions of relationships are spicing things up with online games and going high tech and offline to produce more happy ever afters. Games, apps and offline events are beginning to replace the ritual exchange of online messages, the basic tenet of
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Ivory Coast striker Didier Drogba will leave Chelsea when his contract expires in June, the Premier League club said in a statement on Tuesday. Drogba, 34, joined Chelsea from Olympique Marseille in 2004 and scored 157 goals in 341 appearances for the club.
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World shares gained for a second day on Tuesday on increasing speculation of fresh action to tackle Europe's debt crisis at an informal talks later this week, even as the euro fell on skepticism much would come of the meeting. European shares gained more than 1 percent and Wall Street opened higher. Bond prices fell
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Scientists are turning to genetic testing to see if they can prove the existence of the elusive hairy humanoid known across the world as bigfoot, yeti and sasquatch. A joint project between Oxford University and Switzerland's Lausanne Museum of Zoology will examine organic remains that some say belong to the creature that has been spotted
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