Societe Generale expects results to recover in 2010 with lower bad risk write-downs after it rattled markets last month with a toxic asset warning. France's second-biggest listed bank has had to trim
Should Germany ride to Greece's rescue if it can't even provide for its own? Behind a facade of principled opposition to bailing out debt-stricken Greeks, the question increasingly haunts the corridors of
Greek Prime Minister George Papandreou said on Wednesday his debt-stricken country was not seeking European taxpayers' money but needed a breathing space to cut its budget deficit and borrow "on normal conditions".
Ministers of Agriculture, Natural Resources and Environment Michalis Polynikis, and Minister of Communications and Works Nicos Nicolaides, who have resigned, are expected to remain in office until the next meeting of the
The federal regulator of Fannie Mae and Freddie Mac on Wednesday proposed an overhaul of how the mortgage funding giants would serve the nation's housing market. The Federal Housing Finance Agency said
Stocks rose on Wednesday, boosted by strong results from farm equipment maker Deere & Co (DE.N), while data showed housing starts rebounded more strongly than expected. The Dow Jones industrial average (.DJI)
World stocks rose on Wednesday and the euro held on to most of the previous day's sharp gains as strong company earnings from both sides of the Atlantic shifted focus away from
Rallying banks helped lift European shares to a two-week high on Wednesday, with equities rising for the third session, as forecast-beating results from BNP Paribas fuelled confidence in the banking sector. By
Britain's top share index was up 0.6 percent by midday on Wednesday as financials and miners rose, bolstered by growing confidence on the global economic outlook, while Man Group jumped on M&A
France's biggest listed bank BNP Paribas took fewer bad debt provisions than expected in the fourth quarter, helping it beat profit forecasts, and said these charges would be lower again in 2010.
