Cypriot President Nicos Anastasiades has sharply criticised the terms imposed for a March debt bailout in a letter to eurozone leaders pleading for help in safeguarding the island's biggest lender.
Greece raised 1.3 billion euros ($1.7 billion) with a sale of three-month treasury bills on Tuesday, at a stable rate of 4.02 percent, the public debt management agency said.
Asian markets were mixed on Tuesday, with traders sitting on the sidelines as they await the US Federal Reserve's plans for its stimulus programme.
Tax evasion and banking secrecy, hot topics and top targets because of the financial crises and austerity, could be the focus of strong statements at the G8 meeting this week.
An investigative journalism group said Saturday it hopes publication of the "Offshore Leaks" database of secret tax haven accounts will inspire the leaders of the G8 to act on banking secrecy.
The Vatican bank is taking a "zero tolerance" approach to suspect transactions, says its new chief executive Ernst von Freyberg, as it fights hard to shatter a culture of silence and shed its murky image.
The Vatican bank is taking a "zero tolerance" approach to suspect transactions, says its new chief executive Ernst von Freyberg, as it fights hard to shatter a culture of silence and shed its murky image.
The US Supreme Court's rejection Thursday of natural DNA patent protection could hurt biotech companies, but specialists said it left enough safeguards for the industry to keep innovating.
European institutions will be able to manage financial aid programmes to member states in the future, European Commission head Jose Manuel Barroso said Thursday, a move that would remove the IMF from any eventual bailouts.
Shares in Royal Bank of Scotland slumped on Thursday, a day after the state-rescued lender said that chief executive Stephen Hester was stepping down to allow someone else to help it return to the private sector.
Tuesday, June 18, 2013
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