In its annual credit report on Iceland, Moody's Investors Service said that the country's economy has stabilized somewhat following its massive banking and currency crisis, but fiscal tightening and weak investment will
Moody's Investors Service expectss a rebound in mergers and acquisitions (M&A) for the European insurance sector after a period of market fragility that had pressured the volume of M&A during 2008-2009. The
In a new special comment, Moody's Investors Service said that in the near term it will likely maintain a negative outlook for most of the banking systems in 12 countries within the
Fears that a planned rescue of Greece could stall and extend the financial crisis to other euro zone countries hit European markets on Wednesday as investors worried that Athens may default on
The Federal Reserve is expected on Wednesday to repeat its vow to keep interest rates at rock bottom levels for "an extended period" while acknowledging that the U.S. economic recovery is getting
Stock index futures pointed to a flat to slightly higher open on Wall Street on Wednesday following the previous session's sell-off, which was triggered by the downgrade of Greece and Portugal credit
Microsoft Corp said on Tuesday it struck a licensing deal with phone handset maker HTC Corp, under which it will get royalty payments on HTC phones running Google Inc's Android operating system.
The euro tumbled to a one-year low against the dollar and Asian stocks fell as cuts in Greece and Portugal's credit ratings set off a flight to safety on fears that the
Euro zone government bonds held near highs hit the previous session on Wednesday after rating downgrades of Greece and Portugal raised fears euro zone debt problems are spreading, causing a wide repricing
Greek banks stocks tumbled more than 11 percent on Tuesday, heading for the biggest one-day drop in years, on concerns that Germany could be an obstacle to providing financial aid to Greece.
