The financial aid mechanism for Greece agreed by euro zone leaders on Thursday is workable but unlikely ever to be activated, European Central Bank President Jean-Claude Trichet said. "I am extraordinarily happy
The euro inched up from a 10-month low on Friday and Treasury yields slipped after euro zone leaders and the IMF agreed to provide a joint financial safety net for debt-laden Greece.
EU leaders appeared to be nearing consensus on an aid mechanism for Greece based on strict German terms before a high-stakes summit on Thursday and Athens won a reprieve when the European
Retailers Kingfisher and Next raised hopes they can lift profits this year by cutting costs and keener purchasing even if Britain's consumers face a tough time as the government moves to cut
France is the most admired country among Greeks, usurping Germany whose popularity has collapsed in the wake of a growing diplomatic spat between the two countries, an opinion poll published on Thursday
Global asset managers are still not out of the woods yet, despite improved equity markets, according to Moody's latest report. Noting that the industry's earnings strength is still 25% below peak levels
European Commission President Jose Manuel Barroso made a new call on Wednesday for countries using the euro to create a safety net to help Greece if it needs financial assistance. Barroso told
A big triumph for Cyprus Shipping has been achieved today, with the official approval by the European Commission of the new, fully revised and upgraded Cyprus Shipping Taxation System, which had been
U.S. stock index futures briefly trimmed losses on Wednesday after data showed new orders for long-lasting goods rose for the third straight month, but was slightly below forecasts. S&P 500 futures slipped
Hundreds of computer geeks, most of them students putting themselves through college, crammed into three floors of an office building in an industrial section of Ukraine's capital Kiev, churning out code at
