The latest draconian measures to shore up the Portuguese economy will make matters worse and the government should break the agreement with the IMF and European Union or obtain better terms, an opinion poll found on Monday.
Sunday, May 19, 2013
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There is no shortage of cash or credit in Angola -- Africa's second oil producer -- but the struggle small businesses face to get loans is stimying efforts to diversify the economy.
Friday, May 17, 2013
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The European Central Bank is exploring ways to directly help small and medium-sized companies as a way to boost the recession-hit eurozone economy directly, said Benoit Coeure, a member of the bank's executive board.
Friday, May 17, 2013
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The former head of Spanish bank Caja Madrid became the first top banker to spend time in jail over alleged mismanagement in the financial crisis, officials said on Friday.
Friday, May 17, 2013
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Qatar's sovereign wealth fund has bought a 40-percent stake in a new 290,000-square metre skyscraper project near the centre of Milan with a commercial value of 2.0 billion euros ($2.6 billion), the companies said on Friday.
Thursday, May 16, 2013
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The eurozone crisis has eased markedly from one year ago when some doubted its very survival, Luxembourg Prime Minister Jean-Claude Juncker said Thursday, playing down hopes however of progress on tax evasion at next week's EU summit.
Thursday, May 16, 2013
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State-rescued Royal Bank of Scotland axed 1,400 more positions on Thursday, taking the total number of job losses close to 40,000 since its vast state bailout at the height of the global financial crisis.
Thursday, May 16, 2013
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Britain's High Court on Thursday rejected a challenge by a campaign group over the legality of a so-called "sweetheart" tax deal between British tax authorities and US investment banking giant Goldman Sachs.
Thursday, May 16, 2013
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Pope Francis on Thursday called on world leaders to put an end to the "cult of money" and to do more to help the poor, warning that insecurity was rising in many regions of the world and the "joy of life" was diminishing in developed countries.
Tuesday, May 14, 2013
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Commerzbank, Germany's second-biggest bank, said Tuesday the subscription price for new shares in its planned capital increase has been set at 4.50 euros ($5.85) apiece, meaning it stands to raise up to 2.5 billion euros in all.
Monday, May 20, 2013
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