Lloyds needs to raise £8.6 bln capital

Lloyds Banking Group must plug a capital shortfall of 8.6 bln pounds ($13.5 bln), Britain's banking regulator said on Thursday, a day after the government signalled plans to return the part-state owned

Ifo/Bertelsmann: US, EU would benefit from free trade

Ifo/Bertelsmann Foundation study: Losers would be traditional trading partners and developing countries. The US and all EU member countries would significantly benefit from a comprehensive transatlantic trade and investment partnership (TTIP). If

European SME covered bond market to expand

Following issuances in Turkey and Germany of covered bonds backed by loans to small and medium-sized enterprises (SMEs), growth in SME-backed covered bonds (SME CBs) is gaining traction in Europe, Moody's Investors

Cyprus getting ready for 4G

* 3rd mobile operator by summer ’14 (or sooner) Cyprus is getting ready for a massive telecommunications upgrade to a high-speed fourth generation (4G) network, as the Ministry of Communications announced that