bailout

Austerity necessary to regain credibility: Greek PM


September 9th, 2012 - 7:14 pm ICT by IANS
Athens, Sep 9 (IANS) Greek Prime Minister Antonis Samaras has stressed that a fresh austerity package under discussion is necessary to regain credibility and overcome the threatening debt crisis."We are ... Read more...

Posted in Business |

EU must be more decisive to protect euro: Spain, France


August 31st, 2012 - 11:36 am ICT by IANS
Madrid, Aug 31 (IANS/EFE) Financial markets' doubts about the strength of the euro can be blamed on a lack of decisive action by the European Union, French President Fran├žois Hollande ... Read more...

Posted in Business |

Give Greece extra time: Austria


August 27th, 2012 - 9:01 am ICT by IANS
Athens, Aug 27 (IANS/RIA Novosti) The payback period for Greece should be extended for two or three years if the country sticks to the savings targets and reform plans, Austrian ... Read more...

Posted in World |

Greek PM asks for ‘time to breathe’


August 25th, 2012 - 1:25 pm ICT by IANS
Berlin, Aug 25 (IANS) Greek Prime Minister Antonis Samaras has said his country does not want more aid but asked for "time to breathe". "We don't want more aid ... ... Read more...

Posted in Business |

Spanish banks’ bad-loans ratio hits new record


August 18th, 2012 - 1:10 pm ICT by IANS
Madrid, Aug 18 (IANS/EFE) The ratio of non-performing loans to total outstanding loans held by Spanish banks has risen to a record 9.42 percent, topping the previous mark of 9.15 ... Read more...

Posted in Uncategorized |

South Korea’s business sentiment drops


July 30th, 2012 - 2:49 pm ICT by IANS
Seoul, July 30 (IANS) South Korea's business sentiment dropped this month due to economic uncertainties stemming from Europe's debt crisis, a report by the central bank showed Monday.The monthly business ... Read more...

Posted in Business |

Spain told to take decisive actions to cope with crisis


July 28th, 2012 - 1:30 pm ICT by IANS
Washington, July 28 (IANS) The International Monetary Fund (IMF) has said that Spain needs to take "decisive actions" to tackle economic challenges and restore market confidence."The economy has entered an ... Read more...

Posted in Business |

Moody’s downgrades Eurozone bailout fund credit outlook


July 25th, 2012 - 1:17 pm ICT by IANS
New York, July 25 (IANS) Moody's Investors Service has cut the outlook for the credit rating of the European Financial Stability Facility (EFSF) to negative from stable, warning that the ... Read more...

Posted in Business |

Cyprus takes over EU presidency


July 1st, 2012 - 6:18 pm ICT by IANS
Nicosia, July 1 (IANS/RIA Novosti) Cyprus is assuming the European Union's rotating presidency for the first time Sunday, amid concerns about the country's ability to cope with its own economic ... Read more...

Posted in World |

Sensex at two-month high on eurozone revival hopes, GAAR (Roundup)


June 29th, 2012 - 7:27 pm ICT by IANS
Mumbai, June 29 (IANS) A benchmark index for Indian equities markets Friday rallied to a two-month high, rising 439 points on hopes of a eurozone revival and the government ... Read more...

Posted in Business |

Sensex closes flat (Roundup)


June 26th, 2012 - 6:48 pm ICT by IANS
Mumbai, June 26 (IANS) A benchmark index for Indian equities markets Tuesday closed flat amid choppy trade ahead of the expiry of the June Futures and & Options series ... Read more...

Posted in Business |

Greek PM to miss EU summit for eye surgery


June 24th, 2012 - 8:18 pm ICT by IANS
Athens, June 24 (IANS) Greek Prime Minister Antonis Samaras will not attend the June 28 EU summit in Brussels as doctors have advised him to rest following eye surgery.Samaras underwent ... Read more...

Posted in Politics |

Europe must be sensitive to Greek people: French minister


June 22nd, 2012 - 7:21 am ICT by IANS
Luxembourg, June 22 (IANS) Europe must be more "sensitive" to the Greek people and take steps to help revive the country's economy, according to French Finance Minister Pierre Moscovici.Speaking ... Read more...

Posted in World |

Wall Street mixed on Fed’s modest action


June 21st, 2012 - 9:06 am ICT by IANS
New York, June 21 (IANS) US stocks ended mixed Wednesday on the Federal Reserve's modest monetary policy.The Fed said Wednesday that it will continue Operation Twist through the end of ... Read more...

Posted in Business |

Wall Street rises on monetary easing hopes


June 20th, 2012 - 7:57 am ICT by IANS
New York, June 20 (IANS) US stocks closed higher Tuesday as investors' expectations of further monetary easing policy by the Federal Reserve boosted the market, while positive news from Europe ... Read more...

Posted in Business |

Obama calls Greek election positive sign


June 19th, 2012 - 3:18 am ICT by IANS
Los Cabos (Mexico), June 19 (IANS) US President Barack Obama Monday called the election in Greece a positive sign and hoped the country would re-emerge from its debt crisis ... Read more...

Posted in Politics |

Samaras begins coalition talks for a Greece government (Second Lead)


June 18th, 2012 - 9:20 pm ICT by IANS
Athens, June 18 (IANS) Antonis Samaras, the leader of the New Democracy party, which narrowly won Greece's election has begun holding urgent talks to form a coalition, saying he wishes ... Read more...

Posted in Politics |

New Democracy party asked to form Greek government (Lead)


June 18th, 2012 - 8:15 pm ICT by IANS
Athens, June 18 (IANS) Greece President Karolos Papoulias has tasked Antonis Samaras, head of the conservative New Democracy party, with forming a government, the Greek state television reported Monday.Voting was ... Read more...

Posted in Politics |

New Democracy party asked to form Greek government


June 18th, 2012 - 7:58 pm ICT by IANS
Athens, June 18 (IANS/RIA Novosti) Greece President Karolos Papoulias has tasked Antonis Samaras, the head of the conservative New Democracy party, with forming a government, according to Greek state ... Read more...

Posted in Politics |

New Democracy party leads in Greek polls


June 18th, 2012 - 3:32 am ICT by IANS
Athens, June 18 (IANS/RIA Novosti) The conservative New Democracy party is leading at the pivotal parliamentary elections in Greece, the interior ministry said Sunday.Greece's two largest pro-bailout parties, New Democracy ... Read more...

Posted in Uncategorized |

Greece votes on EU bailout


June 17th, 2012 - 5:35 pm ICT by IANS
Athens, June 17 (IANS) Voting began Sunday for crucial elections in Greece that are expected to determine the country's future in the Eurozone, with the main contenders being the right-wing ... Read more...

Posted in Uncategorized |

Italy does not need EU help: Monti


June 13th, 2012 - 8:00 pm ICT by IANS
Rome, June 13 (IANS) Italian Prime Minister Mario Monti has denied that his country requires any bailout from its European partners."We wanted (sic) to show with actions in our ... Read more...

Posted in World |

US stocks mixed amid euro uncertainties


June 12th, 2012 - 11:40 pm ICT by IANS
New York, June 12 (IANS) US stocks opened mixed Tuesday as investors welcomed the Spanish bank aid package.However, investors have now turned their attention to Italy's struggling banking system, fearing ... Read more...

Posted in Business |

Fitch downgrades Spain’s two major banks


June 12th, 2012 - 1:44 pm ICT by IANS
New York, June 12 (IANS) The rating agency Fitch downgraded Spain's two biggest banks by two notches despite the bailout effort made by the European Union (EU).Fitch Monday downgraded the ... Read more...

Posted in Business |

US stocks retreat after short relief rally


June 12th, 2012 - 1:19 am ICT by IANS
New York, June 11 (IANS) US stocks retreated after a short rally Monday as enthusiasm on the Spanish bank aid package faded.Spain will be lent up to 100 billion euros ... Read more...

Posted in Business |

Sensex closes 50 points lower on S&P; warning (Lead)


June 11th, 2012 - 7:13 pm ICT by IANS
Mumbai, June 11 (IANS) Snapping a five-day winning streak, a benchmark index for Indian equities markets Monday closed 50.86 points lower after rating agency Standard & Poor's said India ... Read more...

Posted in Business |

Eurozone agrees to bail out Spanish banks


June 10th, 2012 - 7:53 am ICT by IANS
Moscow/Madrid, June 10 (IANS/RIA Novosti) Eurozone finance ministers have agreed to lend Spain up to 100 billion euros ($125 billion) to bail out its troubled banks as Madrid officially stated ... Read more...

Posted in Business |

Unemployment rate hit record high in Greece


June 8th, 2012 - 12:39 pm ICT by IANS
Athens, June 8 (IANS) The jobless rate in Greece hit a record high of 21.9 percent in March, official data showed.The figure was up from 21.4 percent in the previous ... Read more...

Posted in Business |

Merkel advises Greek referendum on euro membership


May 19th, 2012 - 1:46 am ICT by IANS
Athens, May 19 (IANS) German Chancellor Angela Merkel has suggested to Greek President Karolos Papoulias to hold a referendum on the country's membership in the Eurozone during parliamentary polls, RIA ... Read more...

Posted in World |

Greece to vote in new polls June 17


May 17th, 2012 - 6:33 am ICT by IANS
Athens, May 17 (IANS/RIA Novosti) Greece will hold new parliamentary polls June 17 and a court official will head an interim government until then, state television reported.Council of State head ... Read more...

Posted in World |

Greece votes in parliamentary elections (Lead)


May 6th, 2012 - 4:50 pm ICT by IANS
Athens, May 6 (IANS) Greeks Sunday voted in crucial parliamentary elections that is expected to decide the country's future in the euro zone, and according to trends no single party ... Read more...

Posted in Politics |

Greeks vote in crucial parliamentary election


May 6th, 2012 - 4:02 pm ICT by IANS
Athens, May 6 (IANS) Greeks are participating in crucial parliamentary elections Sunday that is expected to decide the country's future in the euro zone, RIA Novosti reported.A total of 9.9 ... Read more...

Posted in Uncategorized |

Citi’s Pandit sued over excessive pay


April 21st, 2012 - 11:17 am ICT by IANS
Washington, April 21 (IANS) Citigroup's Indian American CEO Vikram Pandit and its directors have been sued by a bank shareholder over a compensation package that was contested by investors in ... Read more...

Posted in Business |

Greek pensioner’s suicide sparks protests


April 6th, 2012 - 2:45 pm ICT by IANS
Athens, April 6 (IANS) Greek citizens staged a fresh anti-austerity protest in front of parliament in central Athens where a senior pensioner committed suicide over austerity measures.Protesters engaged in minor ... Read more...

Posted in Politics |

US stocks close mixed


March 31st, 2012 - 3:57 am ICT by IANS
New York, March 31 (IANS) US stocks Friday closed mixed at the end of a strong first quarter, as investors weighed the latest development in the eurozone and conflicting US ... Read more...

Posted in Business |

« Previous Entries

Subscribe