Ratings agency Moody's downgraded six Greek banks after on Wednesday slashing the country's sovereign rating by three-notches earlier this week. Greek bank shares fell by as much as 3% during Tuesday's session on expectations of the move by Moody's which follows naturally from its decision to cut the sovereign rating. The action affects the deposit

Warner Bros is making some of its films available on Facebook, opening up a new revenue source for the Internet social network and signaling new competition for online entertainment companies. Consumers can pay for the movies using Facebook Credits, a virtual currency so far used mainly in social games on the site, according to Warner

The "three-year glitch" has replaced the "seven-year itch" as the tipping point where couples start to take each other for granted, according to a new survey. Weight gain, stinginess, toe-nail clippings on the bathroom floor and snoring are a few of the passion-killers that have led to a swifter decline in relationships in the fast-paced

Oil prices fell further on Wednesday as OPEC considered raising production, pushing up Asian stocks, although investors remained on edge because of the turmoil in the Middle East. The euro fell as worries about European sovereign debt problems intensified following Moody's credit rating downgrade for Greece on Monday. European shares were set to fall on

Consumers can pay for the movies using Facebook Credits, a virtual currency so far used mainly in social games on the site, according to Warner Bros, a unit of Time Warner Inc, on Tuesday. Facebook, which makes money mostly through online advertising, takes 30 percent of the revenue from sales by third parties on the

* 88 euro area banks, 65% of bank system The European Union's powerful new banking watchdog is setting out a tough fitness test for the region's lenders to ensure they can withstand future financial crises, documents from the watchdog showed on Tuesday. The European Banking Authority (EBA) is conducting "stress tests" on 88 EU lenders

The impact of a Greek default could be so great that the euro zone will do everything it can to avoid it, rating agency Standard and Poor's said in London on Tuesday. "The knock-on effects may be so catastrophic that every line of defence would be built up to try to prevent this situation," said

Greece's latest credit rating downgrade will not create any new uncertainty for the euro currency, German Economy Minister Rainer Bruederle said on Tuesday. Moody's slashed Greece's credit rating by three notches on Monday due to an increased default risk, raising prospects of the distressed euro zone sovereign restructuring its debt, perhaps before 2013. "I'm not