Greek central bank governor George Provopoulos said on Thursday he expects consolidation moves in the country's banking sector to take place this year as banks seek alliances to deal with the debt
Germany refused to be rushed into boosting the euro zone's rescue fund after Moody's cut Spain's credit rating on Thursday and markets piled pressure on Portugal on the eve of a summit
Moody's Investors Service said that most of the credit conditions that supported the performance of the US and European bond fund markets in 2009 and 2010 are likely to continue. Consequently, Moody's
Moody's downgraded Spain's sovereign debt rating by one notch on Thursday and warned of further cuts to come due to fears that bank restructuring will cost more than twice what the government
The German government ordered a freeze on Thursday on bank accounts in the country held by the Libyan central bank and the Libyan Investment Authority, aiming to cut off potential sources of
The duty-free shop at Dubai's glitzy international airport brims with travellers choosing from row upon row of carefully stacked wine, champagne and whisky. The lavish display highlights a push by major alcoholic
Tourist trends from Germany to Cyprus are estimated to be upwards in the coming summer season, compared to a year before, an official announcement says. This emerged during a meeting today between
The European Parliament has called on Turkey to begin immediately withdrawing its occupation forces from the northern part of the Republic of Cyprus, which they occupy since they invaded in 1974. The
The Tokyo Stock Exchange may begin talks with its smaller Japanese rival on a possible merger to survive a wave of sector consolidation and fend off competition from fast-growing Asian bourses. Atsushi
Hellenic Exchanges, the operator of Greece's stock and futures markets, said on Wednesday full-year 2010 profit dropped 28%, hurt by weak trading volumes amid the country's debt crisis. Net profit dropped to
