The U.S. government agreed to prop up troubled No.2 bank Citigroup Inc with more than $300 billion, the latest bailout in a sector crippled by exposure to toxic mortgage debts and a
By some measures, sterling's recent slide is even greater than the fall in late 1992 when it was ejected from a group of European currencies, but the chances of a repeat rescue
Cyprus has one of the highest gender specific income gaps in the European Union, EU Commissioner for Employment, Social Affairs and Equal Opportunities Vladimir Spidla said. Addressing Friday a conference in Nicosia
Euro zone demand is plunging and price pressures vanishing, business surveys showed on Friday, while central bankers weighed the bleak prospect of deflation. The Bank of Japan left its key interest rate
The European Commission's economic stimulus plan will include a significant budgetary expansion for European Union members, the president of the EU's executive arm said on Friday. Commission President Jose Manuel Barroso also
Greece gave final approval to a EUR28 bln bank support plan aimed at ensuring access to loans for small- and medium-sized businesses, which make up over half its slowing economy. Parliament approved
EU Commissioner for Employment, Social Affairs and Equal Opportunities Vladimir Spidla and Cyprus Labour and Social Insurance Minister Soteroula Charalambous inaugurated here Thursday, during a ceremony at Ledras Street, the EU campaign
The ranks of unemployed in China are likely to rise next year as the impact of the global economic crisis starts to bite in the world's most populous country. Stabilising the jobless
British Chancellor of the Exchequer Alistair Darling is considering tougher laws to force banks to lend to small businesses struggling with the effects of the global credit crunch, newspapers reported on Friday.
The launch of the FTSE/ASE-CSE Banking Index is expected to help the development of capital markets in Cyprus since it will now be possible to develop products based on the popular make-up
