Greece's economy will contract less than an official 4.0 percent forecast this year and government guarantees to banks are aimed at ensuring adequate credit expansion, the country's finance minister said. "The economy
Crude bounced from a seven-week low on Wednesday as investors looked for relief in U.S. oil inventory numbers due later in the day, heartened by separate Tuesday figures indicating a fall in
The yen eased from a 15-year high on Wednesday on a report that Tokyo was considering weakening its currency, while world stocks fell for the fifth day on concerns over the global
There is a rise in Cyprus’ trade deficit during the first five months of 2010, as compared to the corresponding period a year ago. Total imports from third countries and arrivals from
Cyprus President Demetris Christofias has stressed that despite the Turkish side’s denial to accept proposals put forward by him, in the framework of the ongoing negotiations aiming to solve the Cyprus problem,
Hellenic Petroleum, Greece's biggest refiner, said on Tuesday first-half profit dropped to 59 mln euros from 141 mln last year, hurt by the country's recession, taxes and the lower value of oil
First-half profit at Motor Oil, Greece's second-biggest refiner, dropped 81% year on year to 19.6 mln euros as austerity taxes and adverse forex moves hurt business, Greece's second-biggest refiner said on Tuesday.
The European Union's fisheries chief has warned that Iceland's bid to join the bloc could be damaged by an escalating "mackerel war" over fishing rights in the northeast Atlantic. Cash-strapped Iceland began
European shares hit a one-month low on Tuesday in thin volumes, as worries about the sustainability of the global economic recovery dominated investor sentiment ahead of more U.S. data. Energy stocks came
Hellas Online (HOL), a Greek internet provider, said on Tuesday its first-half loss narrowed despite the country's recession, helped by a cooperation deal to share clients with mobile phone giant Vodafone. HOL,
