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Business

Challenge and hope: analysing Egypt's loan from the IMF

Egypt is to get an International Monetary Fund bailout loan, but can it bring down public debt, control inflation and protect the country's poor?

Egypt is to get an International Monetary Fund bailout loan, but can it bring down public debt, control inflation and protect the country's poor?

Business

Italy reaches deal with Brussels over bad bank loans

An accord between Italy and the European Commission to help banks sell some of their 200 billion euros of bad loans has eased fears of an Italian banking crisis.

An accord between Italy and the European Commission to help banks sell some of their 200 billion euros of bad loans has eased fears of an Italian banking crisis.

News

Eurozone finance ministers back third Greek bailout

The finance ministers from the 19 countries that use the single European currency have approved a third bailout for Greece. The informal body, known

The finance ministers from the 19 countries that use the single European currency have approved a third bailout for Greece. The informal body, known

Business

Wonga posts profit loss as fewer lenders ask for loans

Wonga, the British payday loan firm, has reported a loss of around 55 million euros. The short-term lender recorded a profit of the same amount in

Wonga, the British payday loan firm, has reported a loss of around 55 million euros. The short-term lender recorded a profit of the same amount in

News

Ukraine to start talks with creditors to plug $15bn funding gap

Seeking to plug a 15 billion dollar funding gap, Ukraine has said it will begin crucial talks with its creditors on how to restructure the conflict-torn country's debt on Friday.

Seeking to plug a 15 billion dollar funding gap, Ukraine has said it will begin crucial talks with its creditors on how to restructure the conflict-torn country's debt on Friday.

Europe

Germany snubs Greece's EU loan offer

Germany on Thursday rejected Greece’s request for a six-month extension to an EU scheme of emergency loans. Berlin’s decision came shortly after the

Germany on Thursday rejected Greece’s request for a six-month extension to an EU scheme of emergency loans. Berlin’s decision came shortly after the

Business

Greece is running out of cash

The history of Greece is rich and deep, its pockets are not. The country, caught in a tangle of political polemic is running out of money. The

The history of Greece is rich and deep, its pockets are not. The country, caught in a tangle of political polemic is running out of money. The

Business

Dollar mortgage crisis in Ukraine

There is conflict in the Ukraine property market. Many owners signed up for dollar mortgages which were popular before 2008. But a falling exchange

There is conflict in the Ukraine property market. Many owners signed up for dollar mortgages which were popular before 2008. But a falling exchange

Europe

Ukraine seals emergency EU loan amid bankruptcy threat

The Ukrainian government sealed an emergency loan of 1.8 billion euros from the European Union on Tuesday as the country looks to stave off the

The Ukrainian government sealed an emergency loan of 1.8 billion euros from the European Union on Tuesday as the country looks to stave off the

Business

Loans and iPhones not performing as they should

For literally years we’ve been talking about the economic crisis and its consequences. Almost everywhere governments have been forced to respond

For literally years we’ve been talking about the economic crisis and its consequences. Almost everywhere governments have been forced to respond

Business

EU faces danger from non-performing loan overhang

New data reveal Europe may be sitting on top of a time bomb of non-performing debt, most of it locked into the struggling economies of the

New data reveal Europe may be sitting on top of a time bomb of non-performing debt, most of it locked into the struggling economies of the

Business

Think again warn creditors after Greeks mull easing austerity

The Greeks had been looking forward to some cheer from their government soon, with finances improving and encouraging signs of a return of

The Greeks had been looking forward to some cheer from their government soon, with finances improving and encouraging signs of a return of

News

Feeling the pinch in Ukraine: how can the IMF loan help?

Walking an economic tightrope – the price to Ukrainians for four months of unrest. But how much can the IMF loan and further payments pave the way to

Walking an economic tightrope – the price to Ukrainians for four months of unrest. But how much can the IMF loan and further payments pave the way to

Business

Ukraine hopeful for IMF loan package, predicts economic slowdown

Ukraine has said it hopes to soon successfully conclude negotiations with the International Monetary Fund for loans of the equivalent of up to 14.5

Ukraine has said it hopes to soon successfully conclude negotiations with the International Monetary Fund for loans of the equivalent of up to 14.5

Business

Tough troika talks over latest Greek bailout loan tranche

Greece resumed bailout talks this week with its international lenders. Described by a senior Finance Ministry official as “tough” with a lot of

Greece resumed bailout talks this week with its international lenders. Described by a senior Finance Ministry official as “tough” with a lot of

Business

Eurozone banks trim lending again

Eurozone banks are not lending as much. The number of loans to the private sector contracted further in July. The amount lent out was 1.9

Eurozone banks are not lending as much. The number of loans to the private sector contracted further in July. The amount lent out was 1.9

Business

Cyprus gets longer to repay Russian loan

Russia has agreed to push back the pay-back date on a 2.5 billion euro loan it made to Cyprus two years ago. It has also reduced the interest. That

Russia has agreed to push back the pay-back date on a 2.5 billion euro loan it made to Cyprus two years ago. It has also reduced the interest. That

News

Egypt homing in on 3.7 billion euro IMF loan

Egypt is closing to sealing a 3.7 billion euro loan from the International Monetary Fund. After years of political turmoil and plunging foreign

Egypt is closing to sealing a 3.7 billion euro loan from the International Monetary Fund. After years of political turmoil and plunging foreign

News

Protests greet IMF team in Egypt for tough financial rescue talks

There was an angry welcome in Egypt for a team from the International Monetary Fund, there to resume talks on vitally needed emergency funding in the

There was an angry welcome in Egypt for a team from the International Monetary Fund, there to resume talks on vitally needed emergency funding in the

News

Cyprus looks to Russia for help

The Cypriot finance minister has gone to Moscow to ask the Russians for help to get through the current financial crisis. Michael Sarris reported

The Cypriot finance minister has gone to Moscow to ask the Russians for help to get through the current financial crisis. Michael Sarris reported

News

IMF aid comes with bitter pill for Egypt

With the Egyptian pound hitting new lows against the dollar and a currency crisis threatening the new government the IMF is in Cairo to try and grant

With the Egyptian pound hitting new lows against the dollar and a currency crisis threatening the new government the IMF is in Cairo to try and grant

Business

Lloyds shares surmount PPI problems

Lloyds Banking Group’s better-than-expected quarterly results were received with enthusiasm on Thursday in London and its shares surged 8.28

Lloyds Banking Group’s better-than-expected quarterly results were received with enthusiasm on Thursday in London and its shares surged 8.28