Home foreclosure filings surged 57% in the 12 month-period ended in March and bank repossessions soared 129% from a year ago, as homeowners struggled to make mortgage payments, real estate data firm
Britain's main inflation rate unexpectedly held steady in March, official data showed on Tuesday, suggesting strong price pressures further up the economic pipeline have yet to be passed on to consumers. The
Bear Stearns said on Monday profit fell 79% in its fiscal first quarter, ahead of a liquidity crisis that led to the investment bank's purchase by JPMorgan Chase & Co. Net income
LOS ANGELES (Reuters) – A closely watched poll of McDonald's Corp domestic franchisees showed that U.S. same-store sales ticked up 0.9% in March, the smallest increase in the survey's roughly three-year history,
ZURICH (Reuters) – UBS needs three years to repair the reputation damage suffered after it bet massively, and wrongly, on the U.S. mortgage market and became the world's hardest-hit bank from the
TOKYO (Reuters) – Merrill Lynch will announce a further $6 bln to $8 bln of asset writedowns in its quarterly results this week, the Wall Street Journal reported on Wednesday, citing a
Two years after the establishment of the first Community list of airlines subject to an operating ban in the European Union, the European Commission is imposing a ban on all operations of
The Annual General Meeting of Bank of Cyprus Public Company Ltd that will be held at the Bank of Cyprus Group Headquarters on Wednesday, 14 May 2008 at 4.30pm will among others
European shares fell by midday after U.S. conglomerate General Electric posted disappointing quarterly earnings and cut forecasts, while banks dropped on lingering concerns over a global credit crunch. GE reported a 6%
Aspis Holdings Plc (ASP.CY) has issued ambitious revenue and profit growth targets for the period 2008-2010 as the insurance, financial services and entertainment group seeks to broaden its activities through an aggressive
