Economic sentiment in the Eurozone continues to slip, increasing the likelihood of credit deterioration, according to an article published today by Standard & Poor's. The report, titled "Europe Credit Comment: Declining Confidence
So far, the market has focused on write-downs related to mortgage securities and other structured credit products. Given that UBS analysts estimate total losses for banks and brokers to reach about USD
The Board of Directors of Bank of Cyprus has decided to proceed with the issue of convertible bonds amounting to EUR 566.2 mln at 6% for the first two years and with
Royal Dutch Shell Plc beat all forecasts with a 12% rise in first-quarter current cost of supply net income, helped by record oil prices which broke $100 a barrel in the period.
Deutsche Bank made its first quarterly loss in five years as the cost of the global financial crisis mounted for Germany's biggest bank. Unveiling further writedowns of 2.7 bln euros, the bank
M&M's candy maker Mars Inc has teamed up with blnaire Warren Buffett to buy the No. 1 chewing gum manufacturer Wm Wrigley Jr Co for $23 bln, creating the world's largest confectionery
Countrywide Financial Corp, the mortgage lender being acquired by Bank of America Corp, posted a surprisingly large $893.1 mln first-quarter loss, as it took more than $3 bln of charges for write-downs
The euro hit a four-week low versus the dollar yesterday as poor economic data was seen denting hawkish monetary policy sentiment, while the greenback firmed on views that the U.S. rate-cutting cycle
Oil fell more than $2 a barrel yesterday, retreating further from a record high hit a day before, as the dollar firmed and a strike ended at Britain's Grangemouth refinery. U.S. light
“Grand Theft Auto 4” went on sale early on Tuesday, with fans lining up at midnight to get the first copies of the criminal action video game hailed as a brutal and
