Friday, 25 May 2012 08:32
Shares in Bankia SA, Spain's fourth largest bank, have been suspended on the Madrid stock exchange, amid reports that the struggling bank was expected to ask the state for a rescue of more than 15 billion euros ($19b).
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Thursday, 24 May 2012 11:20
The euro has hit near two-year lows, with analysts saying it may fall even further.
In mid-afternoon trade on Thursday, the European single currency was at $1.2577, coming off an early low of $1.2516, levels seen in July 2010 and down from $1.2582 in New York late on Wednesday.
Thursday, 24 May 2012 08:10
Spain has announced an $11bn bailout for its troubled bank, Bankia, a month after nationalising it.
Thursday, 24 May 2012 07:39
A European Union summit has ended with a warning to Greece that it will have to stick to its bailout terms if it wants to stay in the eurozone, but failed to resolve Franco-German differences over the issue of eurobonds.
Wednesday, 23 May 2012 15:50
Hewlett-Packard has said it would layoff roughly 27,000 employees or about 8 per cent of its workforce.
Wednesday, 23 May 2012 07:58
William Galvin, the Massachusetts Secretary of Commonwealth, issued a subpoena to Morgan Stanley over an analyst's discussions with investors on Facebook.
Wednesday, 23 May 2012 07:57
The leaders of the 27 countries that make up the European Union are to meet in Brussels to try and find a way to keep the debt crisis in Europe from spiralling out of control and promote jobs and growth.
Wednesday, 23 May 2012 07:47
Sportswear manufacturer Reebok India has lodged a police complaint against two former top executives accusing them of fraud that had led the company to lose millions of dollars.
Tuesday, 22 May 2012 09:03
Facebook Inc's underwhelming debut on Wall Street has increased pressure on the social networking giant to deliver stellar growth.
Tuesday, 22 May 2012 08:41
The eurozone financial crisis could threaten the global economy, according to Organisation for Economic Development and Co-operation.
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