Iceland took control on Thursday of its biggest bank, Kaupthing, to try to shore up a teetering banking system. The state has now seized control of three of the nation's major banks
The United States signaled it could consider buying into debt-laden banks to help get funds flowing through the financial system again after the IMF warned the world was on the brink of
European stocks rose in early trade on Thursday, recovering from steep losses in the previous session as efforts by governments and central banks to thaw credit markets helped calm jittery investors. Dexia
U.S. regulators restored investors' rights to make bearish bets on financial stocks but few expect it to put an end to wild swings in the market. For nearly three weeks, investors who
LONDON, Oct 9 (Reuters) – European stock index futures drifted higher in early trade on Thursday after opening slightly lower, indicating a positive start for stocks. At 0608 GMT, futures for the
Αspis Liberty Life Insurance Pcl (LIB.CY) announced it has signed an agreement with Universal Bank Plc (USB.CY) according to which USB has undertaken the exclusive representation of LIB’s insurance products via its
Iceland's fast-moving financial crisis deepened on Wednesday as the government seized control of a large bank it had planned to prop up and the central bank failed to defend the country's currency.
Stock markets trimmed deep losses on Wednesday after coordinated interest rate cuts from central banks across the world and Wall Street looked set for a postive start. Cuts from the U.S. Federal
The global cell phone market should grow at much slower-than-expected rates next year as consumers put off buying new devices due to deepening economic concerns, according to forecasts from analysts. While industry
YouTube, the world's most popular video-sharing site, will start to sell music and video games and experiment with new advertising formats to grow revenue, executives said on Tuesday. The Google-owned business is
