The medium-term credit outlook for the Azerbaijan banking system is negative, reflecting recent developments in the Azerbaijani banking sector, Moody's Investors Service said in a new Banking System Outlook. The outlook takes
Moody's Investors Service placed the ratings of two Georgian banks, Bank of Georgia and TBC Bank, on review for possible downgrade on Monday. The rating action reflects a review of the stresses
Outlook most positive in Cyprus, Switzerland and France, worst in Sweden and Russia Research conducted for PricewaterhouseCoopers (PwC) shows that, while headcount and HR budget projections vary significantly across Europe, all organisations
According to the figures issued recently by the Statistical Service of Cyprus, total imports from Israel for 2008 reached EUR 590,209,000 – an increase of approximately 45% compared to 2007. Israel is
AG-Financial Network Ltd (AGFN) and SIX Telekurs have signed an agreement to pursue a strategy of common expansion in Eastern Europe, Greece and Cyprus. The agreement allows AGFN to offer its existing
Rio Tinto dumped plans for a landmark investment from China on Friday, opting instead to raise $21 billion through a rights issue and a joint venture with one-time suitor BHP Billiton. Rio's
World stocks extended gains on Friday, rising towards this week's 7-1/2 month high after better-than-expected U.S. employment data reinforced investors' hopes that the world's biggest economy has passed its worst. Resource and
Polish and Swedish officials urged swift action to help beleaguered Latvia on Friday to prevent its economic crisis from spilling over into other countries in Europe. The tiny Baltic state, facing a
Signs emerged on Friday that Canada's Magna could face challenges to its deal for GM's European unit Opel as Fiat said it was still interested and Germany invited rival bidders to improve
World stocks and oil prices extended gains and government bonds tumbled on Friday after closely-watched data showed the U.S. economy lost a fewer-than-expected 345,000 jobs in May. U.S. May non-farm payrolls fell
