The London Interbank Offered Rate or Libor for borrowing between banks was fixed on Friday at 4.81875% for 3 months deals, but the euro borrowing rate for 3 months hit a fresh
Russia's Rosevrobank, a mid-sized lender, has asked clients to pay back their mortgages right away rather than risk the prospect of real estate prices falling 30 percent, the bank said. "We are
The third meeting in the context of the UN-led negotiations between President of the Republic Demetris Christofias and Turkish Cypriot leader Mehmet Ali Talat, to reach a comprehensive mutually acceptable settlement to
The European Commission has agreed to send Commission experts to Cyprus to help local authorities achieve the community goal to halve traffic accidents in Europe by 2010. The request was submitted by
Oil fell more than $4 a barrel to a one-year low on Friday, depressed by expectations global demand growth will shrink if the credit crisis pushes the world economy into recession. Economic
The world's economic powers came under pressure to act boldly to halt financial distress as panic selling clenched Asian markets on Friday and anxiety spread over an expected global economic recession. With
Asian stocks plunged on Friday, with Japan's Nikkei down more than 10 percent, while the yen and U.S. Treasury debt prices rose, as panic set in after global efforts so far failed
Central Bank of Cyprus Governor Athanasios Orphanides departed from Cyprus on Thursday to participate in the Annual Assemblies of the International Monetary Fund (IMF) and the World Bank (WB), which will be
Ireland said it was extending its banks guarantee scheme to some foreign-owned banks operating in the country, raising the amount of liabilities covered by 10 percent to 440 billion euros. Finance Minister
Big member states have long blocked closer regulatory integration that might have prepared the European Union better for the current financial crisis, the head of the EU's executive arm said on Thursday.
