The credit environment for corporate issuers in the Gulf Cooperation Council region will remain challenging, especially for selected vulnerable corporate issuers that need to address significant debt maturities by 2012, Moody's Investors
The German government sees no sign Spain will apply to tap a European aid mechanism designed to help countries with Greek-style payment problems, two government sources said on Monday. "We have not
The leaders of France and Germany will seek to overcome deep-rooted disagreements on European economic governance at a meeting in Berlin on Monday, setting the tone for a European Union summit later
Asian stocks rose to a one-month high on Monday, led by a rally in the technology sector, while the euro rebounded in thin trade, squeezed higher by dealers forced to close bets
European Union leaders will make a new attempt this week to convince financial markets they can contain a debt crisis by agreeing how to tighten economic policy coordination and strengthen budget discipline.
The Cypriot economy is expected to contract by 0.5 percent in 2010 but rebound in 2011 with growth of 1.3 percent, the island's Central Bank said on Friday. In its semi-annual report,
There is a growing worry for investors as they head towards the second half of the year — will governments' increased appetite for budget cutting knock the nascent global economic recovery off
Diego Maradona, scorer of the infamous Hand of God goal in the finals of 1986, made a strong plea for fair play on the opening day of the World Cup on Friday.
The European Union should have stepped in earlier than it did with a rescue package for Greece, European Central Bank board member Nout Wellink said on Friday. "They should have stepped in
The Greek economy shrank by 2.5 pct in the first quarter of 2010 reflecting a significant decline in investments and consumption in the country, the Hellenic Statistical Authority said on Wednesday. The
