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Lloyds expected to cut 9,000 jobs

Oct 23, 2014 at 08:52 | Source: BBC

Lloyds Banking Group is planning to cut around 9,000 jobs - around a tenth of its entire workforce - over the next three years, the BBC understands. The announcement is expected to come on Tuesday as part of chief executive Antonio Horta-Osorio'...

PSA Peugeot Citroen sales and revenues rise

Oct 22, 2014 at 16:57 | Source: BBC

PSA Peugeot Citroen's turnaround plan appears to be making progress, with the troubled French carmaker announcing better sales and revenues. In the three months to end-September revenues rose 1.6% year-on-year, with sales up 5.4% to 644,000 vehi...

War heroes and activists to shape new-look Ukraine parliament

Oct 22, 2014 at 01:45 | Source: FirstPost

KIEV (Reuters) - Out will go the bodyguards and mistresses, in are likely to come the street activists and war veterans: Ukraine's next parliament will be pro-Western and strongly nationalist, and it won't be to Russia's liking.Candidate lists for th...

Greek Bonds Lead Periphery Drop With German Yields at Record Low

Oct 18, 2014 at 18:00 | Source: Bloomberg

Greek government bonds declined, pushing yields up this week by the most in more than two years, after the country's push to exit its bailout revived memories of the worst of Europe's sovereign-debt crisis. German bunds rose with Trea...

ECB's divisions over help for Cyprus banking system

Oct 18, 2014 at 01:47 | Source: BBC

It was late 2012 and early the following year that the Cypriot banking sector was on the brink. The whole eurozone was watching with anxiety. Given the high stakes it's entirely predictable that the strains should infect the conservative world o...

Samaras's Crumbling Greek Exit Lacks Backing From Economists

Oct 17, 2014 at 14:02 | Source: Bloomberg

By Marcus Bensasson and Andre Tartar. Oct. 17 (Bloomberg) – Antonis Samaras's plan for Greece to exit its bailout early is crumbling in the face of a market rejection. Economists say it might not have been such a good idea anyway. Eighty-fi...

Share prices slide as 'perfect storm' threatens markets

Oct 16, 2014 at 23:17 | Source: BBC

US shares crept lower on Thursday, tracking big losses on European and Asian stock markets. Wall Street's Dow Jones, S P 500 and Nasdaq indexes declined but recovered some ground after falling almost 1% on continuing concerns about global econom...

Irish budget: Michael Noonan is to abolish 'Double Irish' tax structure

Oct 14, 2014 at 20:42 | Source: BBC

The Irish finance minister has said he is abolishing the controversial Double Irish tax structure. It has allowed large multinational firms like Facebook to legally shift huge profits from Ireland to countries that are considered tax havens. Michael ...

Irish budget: Michael Noonan to reveal non-austerity budget

Oct 14, 2014 at 20:42 | Source: BBC

Ireland's finance minister is due to deliver the country's first non-austerity budget in seven years. Tax rises and spending cuts of about 30bn euros (£23.7bn) been have imposed since 2007 in response to the country's financial crisis...

Mark Carney says bankers' behaviour needs to change

Oct 13, 2014 at 16:46 | Source: BBC

Bankers' behaviour still needs to change following the financial crisis, Bank of England governor Mark Carney has warned. He said that top executives had got away without sanction . Maybe they were not at the best tables in society after that, b...

In Brussels, reasons to be cheerful

Oct 12, 2014 at 18:45 | Source: FirstPost

BRUSSELS (Reuters) - Jean-Claude Juncker has come through his first big test as the European Union's chief executive with reasons to be cheerful, even if he faces another tricky couple of weeks to get a team in place that can take office next month.T...

Sausage, Greece's "protest dog", dies of heart attack

Oct 10, 2014 at 03:45 | Source: FirstPost

ATHENS (Reuters) - Sausage, the ginger mongrel who became famous for appearing at anti-austerity protests and barking at riot police at the height of Greece's debt crisis, has died of a heart attack, local officials said on Thursday. The stray dog, c...

Ukraine Will Need More Bailout Funding, IMF's Lagarde Says

Oct 10, 2014 at 00:00 | Source: Wall Street Journal

WASHINGTON—Ukraine will need additional bailout financing from outside the International Monetary Fund to keep the war-torn economy afloat, the head of the IMF said Thursday. The cost of the conflict with Russia-backed separatists has changed the&a...

Greek Hopes to Slip Bailout Shackles Meet Draghi Hurdle

Oct 03, 2014 at 16:00 | Source: Bloomberg

Antonis Samaras's ambition to drive Greece out of its rescue program is running into a roadblock. The country's prime minister might be thwarted by conditions for the European Central Bank's asset-purchase program, as detailed...

Greek Hopes to Slip Bailout Shackles Meet Draghi Hurdle

Oct 03, 2014 at 16:00 | Source: Business Week

Antonis Samaras's ambition to drive Greece out of its rescue program is running into a roadblock. The country's prime minister might be thwarted by conditions for the European Central Bank's asset-purchase program, as detailed...

Ukrainian Bonds Slump as Russia Mulls Seeking Early Repayment

Sep 26, 2014 at 22:00 | Source: Bloomberg

Ukrainian bonds extended the third week of declines after Russia said it may demand an early repayment of a $3 billion bailout loan it gave its neighbor before relations before the two countries disintegrated. The yield on Ukraine's Eurobonds...

Ukrainian Bonds Slump as Russia Mulls Seeking Early Repayment

Sep 26, 2014 at 22:00 | Source: Business Week

Ukrainian bonds extended the third week of declines after Russia said it may demand an early repayment of a $3 billion bailout loan it gave its neighbor before relations before the two countries disintegrated. The yield on Ukraine's Eurobonds...

Irish economy sees strong growth

Sep 19, 2014 at 01:46 | Source: BBC

The Republic of Ireland's economy grew 1.5% in the second quarter of the year, figures show, and was up 7.7% on the April-to-June period in 2013. The official data prompted the government to upgrade growth forecasts for the second time in a week...

Why RBI Governor Raghuram Rajan may be right about a crash

Sep 17, 2014 at 10:17 | Source: Economic Times

By Soumya Kanti Ghosh In a series of recent interviews, Reserve Bank of India governor Raghuram Rajan warned of a 'crash' should there be sudden reversal in risk perception already distorted by unconventional monetary policies in the West. The ration...

Cyprus economic crisis: 'Still recovering' one year on

Sep 15, 2014 at 18:32 | Source: BBC

They may have painted out every single sign on the large abandoned bank building up for sale in the centre of Nicosia, but a year on from a chaotic 10bn euro ($13.9bn; £8.4bn) EU and IMF bailout - nobody has forgotten the name of Laiki. Laiki was th...

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