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News

Why a Federal Reserve interest rate hike matters

The Federal Reserve, the US central bank, is poised to announce it will raise interest rates for the first time since 2006. This announcement is seen

The Federal Reserve, the US central bank, is poised to announce it will raise interest rates for the first time since 2006. This announcement is seen

Business

Spain's solar energy firm Abengoa begins insolvency proceedings

Spain’s troubled renewable energy company Abengoa is said to have begun insolvency proceedings after talks with a potential investor broke down. The

Spain’s troubled renewable energy company Abengoa is said to have begun insolvency proceedings after talks with a potential investor broke down. The

Business

Slow Greek reforms cost Athens latest two billion euro aid package

The EU has withheld the latest two billion euro tranche of aid to Greece, destined to pay civil service salaries, because allegedly Athens has fallen

The EU has withheld the latest two billion euro tranche of aid to Greece, destined to pay civil service salaries, because allegedly Athens has fallen

News

Greece clinches third bailout worth 86 billion euros

Greece has secured a third bailout worth 86 billion euros after Greek lawmakers accepted their tough conditions. The Dutch finance minister said he

Greece has secured a third bailout worth 86 billion euros after Greek lawmakers accepted their tough conditions. The Dutch finance minister said he

Europe

Eurozone ministers extend Greek bailout by two months

Eurozone finance ministers have given Greece’s bailout a two month extension after Athens failed to agree on the necessary economic reforms to

Eurozone finance ministers have given Greece’s bailout a two month extension after Athens failed to agree on the necessary economic reforms to

Business

Fitch warns France over credit rating in face of deficit dilemma

Another blow for the French government as the ratings agency Fitch warned it may cut France’s credit rating. The double A plus rating on French

Another blow for the French government as the ratings agency Fitch warned it may cut France’s credit rating. The double A plus rating on French

Business

Bulgarian banks bolstered as EU extends credit line

The European Commission has agreed to extend a credit line of 1.7 billion euros to bolster Bulgarian banks. Authorities in Sofia believe two of

The European Commission has agreed to extend a credit line of 1.7 billion euros to bolster Bulgarian banks. Authorities in Sofia believe two of

News

Cypriot parliament approves selling off family jewels

Cyprus has voted to adopt a controversial privatisation law covering the main public services. It allows a fresh slice of a 10 billion euro

Cyprus has voted to adopt a controversial privatisation law covering the main public services. It allows a fresh slice of a 10 billion euro

News

Millions affected by South Korean credit card data theft

Angry credit card customers have flocked to banks in South Korea to cancel their cards after a massive theft of personal data. The loss is believed

Angry credit card customers have flocked to banks in South Korea to cancel their cards after a massive theft of personal data. The loss is believed

Business

Ireland shuns credit line after bailout ends

Ireland says its economy has recovered sufficiently that it does not need a line of credit after it ends its bailout next month. The precautionary

Ireland says its economy has recovered sufficiently that it does not need a line of credit after it ends its bailout next month. The precautionary

News

UK: Church embarrassed over 'payday' loan revelation

The head of the Church of England has been left red-faced after it emerged that the institution had invested indirectly in a short-term loan company

The head of the Church of England has been left red-faced after it emerged that the institution had invested indirectly in a short-term loan company

Business

China credit squeeze eases, but 'hot money' worries persist

Fears of a credit crunch in China’s banking system have eased as short-term interest rates fell, though they do remain elevated. The central bank –

Fears of a credit crunch in China’s banking system have eased as short-term interest rates fell, though they do remain elevated. The central bank –

News

Sicily fire horror

Five people have been injured by fire following a house eviction in Sicily. The family were reluctant to leave but still talking to the bailiff

Five people have been injured by fire following a house eviction in Sicily. The family were reluctant to leave but still talking to the bailiff

News

Cyprus credit controls keeps cash in the country

Cyprus is reportedly to limit the amount of cash individuals can take out of the country to 3,000 euros as details of the country’s capital controls

Cyprus is reportedly to limit the amount of cash individuals can take out of the country to 3,000 euros as details of the country’s capital controls

News

Spain's banks suspend evictions

Spain’s major banks have decided to suspend the evictions of the most financially vulnerable. The leading political parties have also agreed to

Spain’s major banks have decided to suspend the evictions of the most financially vulnerable. The leading political parties have also agreed to

News

Spain's unforgiving eviction law

How does an unemployed homeowner dreading a condemned future in Spain feel? Here is Fabian Herrera’s answer: “I am depressed, I feel bad, I can’t

How does an unemployed homeowner dreading a condemned future in Spain feel? Here is Fabian Herrera’s answer: “I am depressed, I feel bad, I can’t

News

Germany: Social media to be used for credit checks

Germany’s largest credit agency is coming under fire, after revealing that it plans to gather information from social media websites. The data

Germany’s largest credit agency is coming under fire, after revealing that it plans to gather information from social media websites. The data

News

Spain passes bond auction test

Spain demonstrated on Thursday that it could still borrow on the international credit markets – and what was more at an affordable, though rising

Spain demonstrated on Thursday that it could still borrow on the international credit markets – and what was more at an affordable, though rising

Business

Fees setback for MasterCard

Europe’s second-highest court has rejected MasterCard’s challenge to a European Union ban on its cross-border credit and debit card fees. The court

Europe’s second-highest court has rejected MasterCard’s challenge to a European Union ban on its cross-border credit and debit card fees. The court

Europe

Spain clears short-term debt test

Spain has passed the first test of investor demand for its government bonds since the latest downgrade of Madrid’s credit rating by S&P. It sold

Spain has passed the first test of investor demand for its government bonds since the latest downgrade of Madrid’s credit rating by S&P. It sold

Business

Shaky start for UniCredit rights issue

Shares in UniCredit slumped again on Monday— so much that they were briefly suspended from trading on the Milan Stock Exchange — as Italy’s biggest

Shares in UniCredit slumped again on Monday— so much that they were briefly suspended from trading on the Milan Stock Exchange — as Italy’s biggest