France wants all euro area banks subject to a common supervisory regime by the end of this year, Finance Minister Pierre Moscovici told journalists in Cyprus.
France wants all euro area banks subject to a common supervisory regime by the end of this year, Finance Minister Pierre Moscovici told journalists in Cyprus.
Greek Prime Minister Antonis Samaras said, in an interview published late on Saturday, that exiting the eurozone was “not an option for Greece and expressed his determination to forge ahead with painful reforms.
A delegation from the Hamriyah Free Zone Authority, or HFZA, participated in the 3rd Muslim Business and Investment Zone Conference and Exhibition in Jakarta, with the aim of strengthening economic integration between Muslim countries.
The Department of Tourism and Commerce Marketing, or DTCM, for the 20th year in a row, is to participate in the Moscow Tourism Fair “Leisure 2012” at the International Exhibition Centre “Crocus Expo” in the Russian capital from September 19-22.
T he tide may or may not be turning, but the mood has certainly changed for the better. As if suddenly waking up from a deep slumber, the government swung into action and announced a slew of long awaited measures to curtail deficit, attract foreign investment and boost morale all around.
B anks big or small, are enjoying big profits. This is despite slightly declining interest rates, increase in non-performing loans, and a reduced GDP growth.
NICOSIA — Plans to place all eurozone lenders under the supervision of the ECB, hailed as a cornerstone of future political union, will miss the deadline for implementation due to EU treaty restrictions, top officials said on Saturday.
RIYADH — Shares in Saudi Arabia rose the most in seven weeks after US stocks advanced for a second straight week on the Federal Reserve’s plan to buy mortgage securities and on higher oil prices.
DUBAI/KABUL — Not long ago, Mohammed Daoud was making good money hiring out halls for wedding parties thrown by a new class of Afghan war entrepreneurs.
NICOSIA — European governments put off decisions on aid for Spain and a loosening of Greece’s loan terms, counting on the European Central Bank’s bond-buying pledges to provide interim relief from market turmoil.