Bank of America Corp settled nearly all of the claims related to the legacy Countrywide-issued first-lien residential mortgage-backed securitization (RMBS) repurchase exposure for $8.5 billion in cash The largest U.S. bank by
When President Barack Obama cited cost as a reason to bring troops home from Afghanistan, he referred to a $1 trillion price tag for America's wars. Staggering as it is, that figure
* Stavrakis eyes Russia for future financing * The government is turning to the domestic market for a 700 mln euro bond auction Wednesday, preferring liquid conditions at home for now rather
Efforts to combat piracy off the Somali coast have reduced the number of successful attacks on merchant ships, though the battle is far from over, a senior British navy officer said on
* Tension rising in Kurdish southeast * Lira eases on uncertainty worries * Turkish Prime Minister Tayyip Erdogan's third term got off to a turbulent start on Tuesday when the main opposition
* Rehn says no Plan B to save Greece from default * Anti-austerity protests turned violent in Athens on Tuesday as the European Union warned Greek lawmakers the country faces immediate default
* Hands reins of Hermes to Iacovou * Nicos Shacolas, head of the NKS Group trade giant and founding chairman of the Hermes Airports consortium, seems determined to push through with
The European Investment Bank is providing a further loan of EUR 100 mln in support of school facilities throughout Cyprus. This follows a EUR 200 mln loan granted by the EIB in
The Hellenic Bank inaugurated the premises of its Moscow subsidiary, CB Hellenic Bank LLC, during a ceremony conducted by Petr Kuprikov, Deputy Head of Foreign Affairs of the Russian Federation and Vice
The number of residents of Cyprus returning from a trip abroad dropped by 7.8% in May 2011, to 88,171, compared with 95,660 in the corresponding month of 2010. This was after an
