Greece's finance ministry welcomed on Friday a decision to change the Eurogroup meeting of finance ministers originally scheduled for Sunday to a teleconference on Saturday. A ministry official said the teleconference would
HSBC Holdings Plc is poised to axe about 700 jobs in its UK retail bank arm, as swingeing staff cuts begin in earnest at banks across Europe stung by a limp economic
Lloyds will axe 15,000 jobs and halve its international presence, a plan its new boss hopes will save 1.5 bln pounds a year by 2014 and return the part-nationalised British bank back
Investors have become a little more upbeat heading into the second half of the year, lifting stock allocations from 2011 lows but remaining cautious with plenty of safe-haven cash and bonds. They
Tunisia's central bank cut its key interest rate by 50 basis points to 4% on Thursday, as it seeks to boost an economy still reeling from the aftermath of a revolt that
World stocks and the euro hit three-week highs on Thursday after Greece took a step closer to avoiding a default in the short term. Expectations for another euro zone rate rise next
Prime Minister Silvio Berlusconi's cabinet is set to approve on Thursday an austerity package meant to shield Italy from the Greek debt crisis and eliminating its budget deficit. The budget, worth some
* Euro, stocks rise, markets still pricing in default * Trichet cautious on French plan * The Greek parliament was set to approve detailed austerity and privatisation bills on Thursday to
The sovereign debt crisis observed in the euro area is a manifestation of a deeper problem reflecting the shortcomings in the economic governance and crisis resolution framework in the euro area, ECB
Bund prices fell and short-dated Greek debt rallied on Wednesday as Athens won parliamentary approval for a crucial package of austerity measures, reducing the risk of short-term default. But persistent medium-term solvency
