The European Commission has slashed the Cyprus growth target for 2009 sharply lower to 1.1%, far below the government’s recently adjusted target of 2.1%, after reducing its forecasts for eurozone growth. For
European Commission President Jose Manuel Barroso and Turkish Prime Minister Tayyip Erdogan said on Monday the EU and Turkey agreed on the need for the Nabucco pipeline that would bring gas to
Shares in Irish banks fell up to 60 percent on Monday following the decision last week to nationalise Anglo Irish Bank. Following is a timeline of key events in the Irish financial
Britain launched a second bank rescue plan on Monday and Royal Bank of Scotland recorded the biggest loss in UK corporate history, while a cut in Spain's credit rating caused fresh market
CNP Marfin Insurance Holdings Ltd, the newly formed company as a result of the long-term partnership agreement between France’s leading insurance company, CNP Assurances and Marfin Popular Bank of Cyprus aims to
Atlantic Insurance Company Public Ltd (ATL.CY) announced that all necessary approvals for the sale of 7,039,606 shares, or 18% of its capital that its major shareholders agreed to sell to Piraeus Bank
Sharelink Securities & Financial Services Ltd, the financial services arm of SFS Group Pcl (SFS.CY) revealed that on January 13, 2009 it filed a complaint with the Police and on January 14
Germany's Free Democrats (FDP) plan to use their sharp gains in a regional election on Sunday to push for changes to an economic stimulus package agreed by Chancellor Angela Merkel's coalition earlier
France could take stakes in carmakers in exchange for financial assistance to the battered auto industry, French industry minister Luc Chatel said ahead of a meeting on Tuesday at which aid measures
U.S. consumer prices fell sharply for a third straight month in December, closing out a year in which a sagging economy pulled inflation down to a half-century low, raising the specter of
