Hellenic Bank records profit in 2008

Hellenic Bank Group closed 2008 with a profit, before tax, of 44.6 million euro, despite marking lower profit compared to 2007. Speaking during Wednesday’s HB Shareholders’ Annual General Meeting (AGM), both the

S&P cuts UK’s rating outlook to negative

Ratings agency Standard & Poor's lowered its outlook on Britain to negative on Thursday, citing government debt that would be hard to rein in and political uncertainty about the policy response with

Obama warns U.S. may face long-term joblessness

Americans could face higher unemployment for some time to come, President Barack Obama warned on Wednesday, underscoring the tough challenges the country faces even as the economy shows signs of stabilizing. Obama,