Private creditors said on Sunday they had come to the limits of what losses they could concede in a Greek debt swap, putting the ball in the court of the EU and
German Finance Minister Wolfgang Schaeuble on Sunday rejected pressure to beef up the euro zone's permanent rescue facility, saying Berlin would stick to the agreement made in December for a lending capacity
Yields on Portuguese bonds have spiked to a euro-era high and could rise further on fears it will follow Greece in seeking to restructure its debt, and with some investors forced to
Greece and its private bondholders resume debt swap talks on Friday amid signs they are inching closer to a long-awaited deal needed to prevent a chaotic default by Athens. Cash-strapped Greece is
Asian shares rose to fresh two-month highs on Friday as solid euro zone sovereign debt sales and signs that Greece may be nearing a vital debt-swap deal eased concerns over Europe's refinancing
Etihad Airways, the national airline of the UAE, has taken the top honour at the World Travel Awards for the third year in a row. It was named the World’s Leading Airline,
British online fashion retailer ASOS bucked the UK retail gloom with sales in the last three months of 2011 bouncing back from a disappointing performance in the previous quarter, it said on
The number of Americans filing for new jobless benefits dropped to a near four-year low last week, pointing to some building up of momentum in the labor market and the economy. But
Conflict in Syria has pushed the pound currency to a record low of 70 to the U.S. dollar on the black market, exchange dealers said on Thursday, eroding a third of its
Greece and its bondholders have made little progress since resuming stalled talks on a debt swap, three sources close to the talks told Reuters on Thursday, as time to strike a deal
