. Used to be that “when the U.S., sneezed, Europe caught a cold” and Cyprus would miraculously get away with a mild flu. The same applies now, as Cyprus banks and investments
By Dave Graham and Kevin Smith (Reuters) The chairman of euro zone finance ministers sided with Germany on Thursday in rejecting any need for a European rescue fund for distressed banks, but
By Boris Groendahl (Reuters) The European Union needs to coordinate deposit guarantees and a possible system of bank rescue funds, European Central Bank governing council member Ewald Nowotny told Reuters in a
Reuters The fate of the $700 billion Wall Street bailout plan is now in the hands of the House of Representatives and leaders are cautiously hopeful that Congress can complete action on
By Paul Day (Reuters) Rodolfo Jaramillo looks around his Madrid apartment at the stacked stereo system and a picture of parakeets on the wall, and shrugs. It's been three months since he
BRUSSELS, Oct 1 (Reuters) European Union leaders are looking at what they can do to strengthen the bloc's financial system after they were forced to rescue banks in Britain, Belgium and Germany.
By Richard Cowan (Reuters) Republicans' hopes for only modest losses in November's congressional election appeared to be fading as fears of an economic collapse and panic on Wall Street fuel U.S. voters'
Citi analysts forecast rate reductions The weekend’s events have highlighted European fragility in the financial crisis, note Citigroup analysts. In the UK, the eighth biggest mortgage lender (in terms of mortgage lending
By Lesley Wroughton (Reuters) World leaders recommitted themselves to reducing global poverty, pledging an estimated $16 billion in aid, but France said rich countries were strapped by a spreading crisis in financial
CYPRUS GOURMET With its 354 pages, weighing 850 grams, the October issue of the UK’s “Decanter” magazine (cover modestly saying “The world’s Best Wine Magazine”) strained the resource of my letter box.
