German banks are on track to pass the European stress test, several people close to the banks said, citing preliminary results, and would be therefore unlikely to need immediate recapitalisation. The results,
Moody's Investor Service cut Portugal's debt rating by two notches on Tuesday, saying its growth prospects were weak and it might need new austerity measures next year to hit tough fiscal targets.
The euro zone's emergency loan facility should be operational this month, finance ministers said on Monday, expressing hope Slovakia would cease to block the activation of the 440 billion euro ($554 billion)
Banca Transilvania <BATR.BX>, Romania's second-largest listed bank, has denied any knowledge of wrongdoing after the bank's chairman was indicted by prosecutors on charges of money laundering and manipulating the market. The DIICOT
The euro consolidated well below two-month peaks against the dollar on Tuesday as investors hesitated to go long on the single currency and risk large short dollar positions during the U.S. earnings
Cyprus' trade deficit for the first five months of 2010 rose to 2.09 billion euro, compared to 1.92 billion euro in the corresponding period of 2009, recording an increase of 176 million
Playboy Enterprises Inc said on Monday it received an offer from founder Hugh Hefner to take the company private in a deal which values the company at around $185 million. Hefner has
Britain's record recession was even deeper than previously thought, and the economy could still have contracted in the first quarter of this year were it not for hefty government spending, official data
Social networking website Facebook has agreed to adopt a panic button aimed at improving the online safety of its younger users, a child protection group said on Monday. The launch of button,
Greece's largest lender National Bank said on Monday it was not looking to sell stakes in subsidiaries or raise its share capital, dismissing press reports. "National Bank … is informing the investment
