Asian shares and the euro fell on Monday as investors reacted cautiously to reports that European leaders were working on new ways to stop the fallout from the euro zone sovereign debt
Crude oil futures see-sawed in volatile trading on Friday after dropping to six-week lows as the economic outlook remained gloomy. though some buying sparked by oversold conditions limited losses. On Thursday, oil
European shares staged a late rally on Friday following a torrid week, helped by hopes of further measures from the European Central Bank to ease the region's debt crisis, while French banks
Greek bank stocks fell by as much as 5.2% in morning trade on Friday over reports that Greek default scenarios were being considered, underperforming European peers , which were up 1.5%. "Investors
Workers at Greece's biggest telecoms company OTE on Friday accepted wage cuts to avoid firings in the biggest labour deal of its kind reached so far in the austerity-stricken country. OTE, a
Greece sought to play down reports on Friday it was considering solutions involving greater losses for its banking creditors while a fresh round of strikes gripped the country in protest against new
President of the Republic Demetris Christofias said that solution of the Cyprus problem must not be set as a precondition for the exploitation of hydrocarbons, which has begun off Cyprus’ southeastern coast,
The board of UBS meets on Friday amid the glamour of Singapore's Grand Prix event to decide the future of its scandal-hit investment bank and CEO Oswald Gruebel, on whose watch it
Greece denied on Friday newspaper reports that one option in the debt crisis would be an orderly default with a 50 percent haircut for bondholders. "Greece denies the reports," a senior government
British budget airline easyJet said Stelios Haji-Ioannou, its founder and largest shareholder, has withdrawn his request to convene an extraordinary general meeting to remove a member of its board. Haji-Ioannou, whose family
