Asian shares rose on Tuesday after China moved to support its stock market by buying shares of major banks, and the euro held the previous session's big gains on hopes that European
Hong Kong shares rallied on Tuesday with financials leading the charge a day after China stepped in to prop up beaten down prices on mainland markets in a move widely seen as
Germany and France have begun working on a joint package to stem the euro zone debt crisis, but it will not be a "miracle cure" for the bloc's ills, Chancellor Angela Merkel's
The European Tourism Forum of 2012 is to take place in Cyprus during the Cyprus EU Presidency in the 2nd half of 2012, according to a Cyprus Tourism Organisation (CTO) press release
A meeting of European Union leaders due to take place on October 17 is likely to be postponed, EU sources said on Monday, with ongoing uncertainty over how Europe will shore up
Two Americans, Thomas Sargent and Christopher Sims, won the 2011 Nobel economics prize on Monday. The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel has been awarded 42 times
Franco-Belgian bank Dexia agreed early on Monday to the nationalisation of its Belgian banking division and secured state guarantees in a rescue that could pressure other euro zone governments to strengthen their
European Central Bank council member Erkki Liikanen on Monday stressed the need for bank recapitalisation to counter debt crisis which he considered as Europe's greatest since World War Two. His comments came
Greece's central bank said on Monday it activated a bank rescue fund to save Proton Bank , effectively nationalising the small lender that is under investigation for possible violation of the country's
The euro edged higher on Monday after leaders of Germany and France promised a new comprehensive plan to recapitalise euro zone banks by the end of the month, though markets remain wary
