A new recapitalization plan to save the Anglo Irish Bank is expected to be issued by the Irish government on Thursday after amid intense concerns about the financial situation of [...]

Increased concerns about the vulnerable status of three regional German banks alongside with doubts regarding their viability, has been expressed by the European Commission, underlining the need for further restructuring [...]

Discouraging are the estimations of Nouriel Roubini regarding the global economy as the well-known economist “foresees” increased possibilities of f a new downturn in the U.S. while at the same [...]

The national budget for the year 2011 was announced today by the Czech government which aims to reduce the deficit to 4.6% of the GDP. The Czech Prime Minister Petr [...]

Virgin Group is planning to invest up to 500 million dollars in a luxury hotels project over the next three years, according to an announcement of the company. In a [...]

The oil group BP said that the disaster in the Gulf of Mexico so far has cost the company $ 3,950,000,000 (more than 3 billion euros) , a figure which [...]

The head of U.S. diplomacy, Hillary Clinton announced today a plan for massive aid to Pakistan, totaling more than $ 500,000,000. Washington hopes that the new package of economic assistance [...]

With economic recovery in the Eurozone taking place at different speeds and with Greece facing the debt crisis, the European Central Bank is expected to keep interest rates unchanged at [...]

The Turkish economy has recently shown signs of recovery with an overall positive outlook but nevertheless some analysts warn investors that their movements in Turkish asset markets should be particularly [...]