Anxious Greek pensioners swarmed closed bank branches Monday in the hope of getting their pensions, while queues formed at ATMs as they gradually began dispensing cash again following the imposition of strict controls on capital.
Greece and its international creditors remained at loggerheads Thursday over reform measures that Athens must introduce to unlock billions of euros in loans and prevent a likely bankruptcy of the country.
A banking official says the European Central Bank has increased the amount of emergency liquidity that Greek lenders can draw on, the second time it has done so in two days.
Norway's Parliament has formally endorsed a move to exclude coal companies from the country's $900 billion oil fund because of their impact on climate change.
Teva Pharmaceutical Industries Ltd. is buying Auspex Pharmaceuticals Inc. for about US$3.2 billion in a move to strengthen its position on central nervous system condition treatments.
Standard & Poor’s rating agency has downgraded Russia’s credit grade by one notch to junk status, citing a weakened economic outlook.
The European Central Bank on Thursday launched its most aggressive effort to date to revive the region’s ailing economy—announcing an 19-month program to buy 1.1 trillion euros in government and private bonds starting in March.
Fidelity Investments is ramping up its small presence in the rapidly growing exchange-traded fund business by expanding a three-year-old partnership with BlackRock Inc.’s iShares unit, the largest ETF provider. BlackRock, in turn, will be able to sell its iShares ETFs to a much broader range of U.S. investors, including Fidelity customers and their industry-leading 18.5 […]
Ignoring increasing calls to step down, Greece’s prime minister announced Thursday he would seek emergency talks with the opposition conservatives after they agreed to back the latest European bailout for Greece. Prime Minister George Papandreou, speaking at an emergency Cabinet meeting, warned that an early election was too dangerous because it would force Greece into […]