Moody's Investors Service has downgraded the local and foreign currency deposit ratings of BMI Bank B.S.C. based in Manama, Bahrain, to Baa3/Prime-3 from Baa2/Prime-2, and its bank financial strength rating (BFSR) to
The fundamental credit outlook for the Romanian banking sector is negative, reflecting the challenging conditions in the local economy stemming from the global financial crisis, Moody's Investors Service said in its new
Moody's Investors Service has confirmed the Caa2 long-term local and foreign currency deposit ratings and B3.ua National Scale Rating (NSR) of Bank Nadra of Ukraine, concluding the review for possible downgrade initiated
Capital Intelligence, the international credit rating agency, has raised the Financial Strength Rating of Bank of Alexandria (BoA) to BB+ from BB, as well as its foreign currency long-term and short-term ratings
The pound came under further pressure on Tuesday, battered by political worries and engorged public finances, while global equities stayed relatively buoyant. Euro zone government bond prices slipped with traders waiting for
Britain's top shares were 0.2 percent higher in early deals on Tuesday, bolstered by firmer banks as heavyweight HSBC rallied after its results disappointed in the previous session. At 0918 GMT, the
European shares were flat in early trade on Tuesday, with falls in drugmakers offsetting gains in mining stocks. By 0819 GMT, the pan-European FTSEurofirst 300 index of top shares was down 0.1
Commissioner Olli Rehn on Monday tersely said that additional measures must be taken by the Greek government in order to meet a Stability & Growth Programme target of cutting its double-digit budget
Unemployment rate in Cyprus reached in January 6.2%, recording a slight increase compared to 6.1% in December 2009. According to data published by Eurostat, the Statistical Office of the European Union, unemployment
Minister of Commerce, Industry and Tourism Antonis Paschalides has stressed the need to improve the business environment for Small and Medium sized Enterprises (SMEs), especially as regards financing. Paschalides, who attended Monday
