German Chancellor Angela Merkel said on Thursday Europe should not hesitate to recapitalise its banks if this prevents greater economic damage, and leaders would take very seriously expert advice that the time
Greece plans to invite investors next year to search for oil in three areas in the western part of the country, a government minister said on Thursday. The move accelerates debt-laden Greece's
The European Union executive said it will draft plans for member states to coordinate a recapitalisation of banks, as regulators met to check the capital buffers of stressed lenders they had granted
Outpourings of public grief and appreciation swept the globe on Thursday after the death of Apple co-founder Steve Jobs. Jobs, who touched the daily lives of countless millions of people through the
The European Central Bank sees "intensified" threats to the euro zone economy and will provide struggling banks with longer-term liquidity to ward off a new credit crunch, President Jean-Claude Trichet said on
Belgium warned France on Thursday that it was not willing to foot the whole bill for rescuing Dexia as the two states started talks to divide up the Franco-Belgian lender's assets. Dexia
Arsenal could cope financially and still compete for the Premier League title even without the financial boost of Champions League soccer, chief executive Ivan Gazidis said on Thursday. The London club, who
The Bank of England has launched a second round of quantitative easing to defend Britain's faltering economy against the euro zone debt crisis, pledging to buy 75 bln pounds of assets with
Britain's financial regulator is examining Royal Bank of Scotland's portfolio of troubled commercial property loans, as the European debt crisis injects fresh volatility in property prices, industry sources said. The Financial Services
The European Union's executive proposed a coordinated recapitalisation of banks on Thursday as the bloc's regulators met to check on the capital buffers of stressed lenders. "We are now proposing member states
