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'
Greek bank shareholders are under pressure from Athens to contribute billions of euros to recapitalise the lenders so that the government can avoid taking them over. Investors will find out by April
Iran's oil flows to Greece have stopped this month, depriving the Islamic Republic of one of its most loyal European customers and leaving Greece with its financing troubles struggling to buy elsewhere.
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, 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
Greece's EFG Eurobank is close to a deal to sell its 70% stake in Turkish unit Tekfen to Kuwait's Burgan Bank, it said on Thursday. While Greek banks are selling assets to
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
Key ship insurer the China P&I Club will halt indemnity coverage for tankers carrying Iranian oil from July amid tightening Western sanctions against OPEC's second largest producer, two club officials told Reuters
Asian shares fell on Thursday after a dismal Spanish bond sale heightened concerns about funding difficulties for weaker euro zone countries, further undermining sentiment hurt by fading expectations of more stimulus from
Former and current managers of Greece's dominant electricity utility PPC have been charged with fraud involving sums of money handed over to Public Power Company's labour union over the past decade, court
