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• Greece's Olympic to cancel 100 flights Wednesday
ATHENS, Greece - Olympic Airlines says it will cancel 100 flights Wednesday because a union representing most of its employees will join a public sector worker strike. Most of those affected are domestic services but international flights to ...
• Oil rebounds after falling to 8-month low
Ireland, Iceland, Denmark and Greece moved quickly to guarantee bank deposits to ease consumer anxiety. Investors are looking for signs that the Organization of Petroleum Exporting Countries may cut production if prices fall further. Iranian Oil ...
• After an up-and-down day, stocks close lower
Several banks in Europe have had to be bailed out, and earlier this week, the governments of Germany, Ireland and Greece took steps to guarantee private bank deposits. Moreover, the markets are mindful of the fact that the government's $700 billion ...
• Wall Street’s wild swings expected to continue
On Sunday, Germany said it would follow suit with Ireland and Greece in guaranteeing all private bank accounts. Those steps are the latest sign that the troubles of U.S. banks, which have all but paralyzed credit markets, are affecting the financial ...
• Iceland takes Russian loan, nationalizes bank
The government also put 100 percent guarantees on savers’ deposits, following in the footsteps of Ireland, Germany, Austria, Greece and Denmark. A collapse of the Icelandic financial system could reverberate across Europe, given the heavy investment ...