Cyprus expects the UN and the international community to turn their attention to Turkey because, ''in order to pave the way for a solution'' of the Cyprus problem, ''Turkey must leave behind
Property issue is probably the most difficult issue to be discussed in the direct negotiations between the leaders of the two communities, Presidential Commissioner George Iacovou has said, noting that it is
Asian stocks fell on Monday as a sharp drop in U.S. consumer sentiment added to worries that its economic recovery is losing momentum, with the cautious tone also pulling the euro from
European Union officials have agreed the key criteria of stress tests for the bloc's banks including the minimum level of capital, EU sources said, as senior policymakers voiced optimism on the results.
Germany's economy will likely have grown significantly more in the second quarter than in the first, the Finance Ministry said on Monday, adding that the recovery should strengthen in the second half
Ratings agency Moody's said on Monday it had downgraded Ireland's sovereign bond ratings rating to Aa2 from Aa1 with a stable outlook. "Today's downgrade is primarily driven by the Irish government's gradual
Bank of Ireland said on Friday that it would cut 5 percent of its staff and maintain a pay freeze as part of the conditions for European Union approval of its restructuring
Goldman Sachs agreed to pay $550 mln to settle civil fraud charges over how it marketed a subprime mortgage product, ending months of negotiations that rattled the bank's clients and investors. The
There should be no "big catastrophes" from stress tests on European banks but the reviews should be tough, the chairman of euro zone finance ministers, Jean-Claude Juncker, was quoted as saying. "I
Oil is no longer spewing into the Gulf of Mexico — at least temporarily — as BP Plc said it choked off the flow from its undersea well that ruptured in April
