European stocks rose in early trade on Thursday, recovering from steep losses in the previous session as efforts by governments and central banks to thaw credit markets helped calm jittery investors. Dexia jumped 20 percent after France, Belgium and Luxembourg announced they had agreed to provide state guarantees for efforts by the troubled financial group
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U.S. regulators restored investors' rights to make bearish bets on financial stocks but few expect it to put an end to wild swings in the market. For nearly three weeks, investors who bet on falling stock prices were prohibited from short selling more than 950 companies under an experiment by securities regulators to restore equilibrium
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By Michael Conlon (Reuters) A London businessman may have to put off his wedding. A Hong Kong housewife is too worried to make investments. A student in Slovenia sees an automobile loan fall out of reach. And a real estate agent in Chicago says she's just plain scared. The worst financial crisis since the 1930s
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By Fredrik Dahl (Reuters) For some Iranians, it's a galling thought: the United States may oust Iran as the world's largest producer of pistachio nuts this year because of one of the worst harvests ever in the Islamic Republic. The popular nibble is Iran's main export commodity outside the oil sector, earning it more than
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LONDON, Oct 9 (Reuters) – European stock index futures drifted higher in early trade on Thursday after opening slightly lower, indicating a positive start for stocks. At 0608 GMT, futures for the DJ Euro Stoxx 50, Germany's DAX and France's CAC were up between 0.3 and 0.8 percent. European shares sank to a near five-year
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Asian stocks clung to small gains while the yen slipped on Thursday after central banks from China to Europe and the United States cut interest rates to support the global economy, though investors were tense with credit markets still dysfunctional. Major European stock markets were expected to open as much as 1 percent higher, according
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Marfin Investment Group (MIG), Marfin Popular Bank (MPB) and WIND Hellas Group announced they have reached an agreement for a broad Strategic Alliance to jointly exploit new growth opportunities in the telecommunications and banking sector in Greece. The Strategic Alliance between the three Groups is based on a shared vision for unified communications, emerging ICT
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Αspis Liberty Life Insurance Pcl (LIB.CY) announced it has signed an agreement with Universal Bank Plc (USB.CY) according to which USB has undertaken the exclusive representation of LIB’s insurance products via its branch network for a period of 7 years. The Contract concerns insurance products of the Life, Accidents and Medical Care sectors. The Contract
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Three members of The Elders expressed their full support to the efforts of the leaders of the two communities in Cyprus to reach a solution of the Cyprus problem and reunify the island, divided since the Turkish invasion of 1974. Chairman of the Elders, Archbishop Desmond Tutu, former US President Jimmy Carter and former Algerian
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Cyprus is following the lead of other euro-zone nations by increasing its guarantee on bank deposits to 100,000 euros, double the new EU-wide floor, despite assurances by Finance Minister Charilaos Stavrakis that the Cyprus banking system is sound and the guarantee will not be needed. Following a high level meeting with CEOs and senior officials
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