Cyprus has further relaxed restrictions on foreign banks that were imposed after the debt-laden country sought the $30 billion bailout.
Eight more foreign banks - the Bank of Beirut SAL, Banque SBA, Barclays Bank PLC, Banque BEMO SAL, BBAC SAL, Credit Libanais SAL, Jordan Ahli Bank plc and Privatbank...
After Moody's, Fitch also downgraded Slovenia's sovereign rating, suggesting that it will be next Eurozone nation to seek external aid.
Home prices increased in most of the Chinese cities in April even as the government tightened measures to curb property prices.
House prices increased in 68 out of 70 cities in April from the previous year, the same number of cities as seen in March, data published by the National Bureau of Statistics...
Led by building permits and the interest rate spread, leading economic indicators in the U.S. rose by more than anticipated in the month of April, according to a report released by the Conference Board on Friday. The Conference Board said its leading economic index rose by 0.6 percent in April following a revised 0.2 percent decrease in March.
Consumer sentiment in the U.S. has seen a substantial improvement in the month of May, according to a report released by Thomson Reuters and the University of Michigan on Friday, with the consumer sentiment index rising to its highest level in nearly six years.
Led by housing permits and the interest rate spread, leading economic indicators in the U.S. rose by more than anticipated in the month of April, according to a report released by the Conference Board on Friday.
European banks' asset quality review and stress test should be conducted by mid-2014, before the European Central Bank takes over banking supervision, Executive Board member Yves Mersch said Friday.
Standard & Poor's on Friday maintained its negative outlook on India's 'BBB-' rating, indicating at least a one-in-three chance of a downgrade within the next twelve months.
Bank of England policymaker Martin Weale said the bank's capacity to add stimulus is limited by the risk to inflation expectations.
European Central Bank Executive Board member Benoit Coeure said Friday that the central bank is looking at options to improve lending to small firms, which form the backbone of the Eurozone economy.
"The ECB is today exploring options to further strengthen lending to the real economy and, in particular,...
Eurozone construction output continued its decline for the fifth month in a row in March, Eurostat reported Friday.
Lithuania's unemployment rate increased modestly in the first quarter, data released by the Department of Statistics showed Friday.
The unemployment rate edged up to 13.1 percent in the first quarter from 13 percent in the fourth quarter. The latest figure was, however, notably lower than 7.3 percent...
A leading indicator of the Spanish economy declined for the second successive month in March, suggesting that the current contraction in the economy is likely to continue, even though it may ease in the coming months, data from a survey by the Conference Board showed Friday.
The leading economic index...
The French economy is likely to grow in the second half of this year, Finance Minister Pierre Moscovici said in an interview with RTL radio, after official data showed that the nation entered a recession in the first quarter.
Moscovici said he is confident that the unemployment will drop by the end...
Consumer confidence in New Zealand increased to the highest level in three years in May as households turned more upbeat about the near-term outlook of the economy, data from a survey by ANZ and Roy Morgan showed Friday.
The headline consumer confidence index increased by 4.5 points from the previous...