Euro, stocks dip on euro zone concern

The euro hit a three-week low against the dollar and global stock markets dipped on Thursday as Spain's debt burden fueled worries about further problems for euro zone economies and curtailed investors'

Five bidders for Piraeus Bank Egypt arm

The Egyptian arm of Greece's Piraeus Bank, valued at over $200 million, has attracted five suitors from the Middle East and North Africa (MENA) region, two sources told Reuters on Thursday. Talks

Jumbo raises full-year profit forecast

Jumbo, Greece's largest toyseller, raised its profit forecast on Thursday, citing a favourable euro-dollar exchange rate and lower than expected transport costs. Most Greek retailers are struggling with a deep recession but

Yahoo to lay off 2,000 employees

Yahoo Inc will lay off 2,000 people, or 14% of its workforce, in its deepest round of job cuts in years as new Chief Executive Scott Thompson tries to jumpstart growth with