The fundamental credit outlook for the Baltic banking systems is negative, reflecting the significant decline in banks' financial metrics within the context of the severely weakened economies of Estonia, Latvia and Lithuania,
Minister of Finance Charilaos Stavrakis and Vice President of the European Investment Bank (EIB) Ploutarchos Sakellaris signed an agreement of guarantees on Thursday, providing for a loan of 30 million EUR from
The EU27 unemployment rate rose up to 9.1% in August 2009, compared with 9.0% in July, while it was 7.0% in August 2008 according to data released by Eurostat. The euro area
Olympic Air (OA), the revamped former national carrier following its acquisition by Marfin Investment Group (MIG), formally launched operation on Thursday (October 1), while Group chairman Andreas Vgenopoulos announced that MIG possesses
Asian shares fell on Friday as disappointing U.S. manufacturing data raised concerns that its economic recovery may not be as fast as previously thought, while the dollar remained firm as investors booked
British house prices rose for a fifth month running to turn flat on the year in September, the Nationwide Building Society said on Friday, in a further sign the housing market is
Asian manufacturing activity powered ahead in September, providing more evidence of global economic recovery, while financial market developments in Europe kept focus on the tide-turning moment when central banks will end ultra-low
Video gaming will hit the big screen next month when Sony Corp unveils a new game title for its Playstation3 game console at movie theaters. On October 5 and 6, four theaters
Google Inc is in the early stages of looking at ways to write software that would fully integrate plug-in hybrid vehicles to the power grid, minimize strain on the grid and help
Britain's top share index was flat at midday on Wednesday as gains by miners, life insurers and banks in the last session of a strong quarter was countered by weakness in oil
