Europe / Russia

Bankia prepares to request more state aid

Board to finalise amount it will request in state aid, with the final number expected to exceed the €14bn needed to meet provisioning requirements

Friday, May 25, 2012 (Financial Times )

Madrid stock market suspends trade in Bankia

Spain's stock market suspended trade in troubled lender Bankia on Friday as media reports said the bank may seek up to 20 billion euros ($25 billion) from the state to stay afloat.Bankia requested the

Friday, May 25, 2012 (France24)

Moody's cuts Sweden, Norway bank ratings

International ratings agency Moody's said it has downgraded the ratings on several Swedish and a Norwegian bank by up to two notches, citing concerns over their funding position and modest earnings.Mo

Friday, May 25, 2012 (France24)

German consumer confidence holding up: GfK

Consumer confidence in Germany, which has taken a knock from high oil prices in recent months, is currently holding up in face of the eurozone debt crisis, a poll found Friday.Market research company

Friday, May 25, 2012 (France24)

Hong Kong tycoon faces Macau corruption trial

A Hong Kong tycoon is facing prosecution for alleged bribery and money laundering in connection with a government land sale on the Cotai casino strip in Macau, his company said.In the latest corruptio

Friday, May 25, 2012 (France24)

Australia assures on beef after US E-coli scare

Australia moved to assure its meat export partners and domestic market that its beef was safe after it was linked to an E-coli contamination scare in the United States.Australia's agriculture departme

Friday, May 25, 2012 (France24)

Toyota making eight new models for emerging markets

Toyota said it would roll out a number of new compact cars priced around $12,500 in developing nations, targeting sales of more than one million of the models annually in emerging markets by 2015.Japa

Friday, May 25, 2012 (France24)

Eurozone strains intensify as 'massive shock' looms

Eurozone tensions have intensified after grim news on the economic outlook and as investors sought safety in Germany on growing doubts over Greece's future in the currency union.Shortly after an EU su

Friday, May 25, 2012 (France24)

Japan consumer prices up 0.2% in April

Consumer prices in Japan rose 0.2 percent year on year in April, posting an increase for the third straight month on higher energy costs, official figures showed Friday.The market had expected the cor

Friday, May 25, 2012 (France24)

Austerity era boosts Italian gold supplies

Italy is set to be a leading supplier of recycled bullion as economic crisis and high metal prices push Italians to sell their family jewels

Thursday, May 24, 2012 (Financial Times )