(MENAFN - AFP) Russia's biggest lender Sberbank said Thursday that its first quarter net profit was slashed by more than half compared with a year earlier, as the country's economy slid into recession.
The net profit of the Moscow-based bank, descendant of the savings societies from the tsarist era, fell by 58 percent to 30,6 billion rubles ($584 million, 533 million euros) ...
(MENAFN - AFP) The European Central Bank said Thursday that financial stability has increased recently in the euro area, but warned that weak growth in the region and the Greek crisis could pose risks in the future.
"Euro area systemic stress has remained low over the past six months," the ECB wrote in its regular Financial Stability Review.
(MENAFN - AFP) Finance ministers and central bank governors of the Group of Seven wealthiest nations gathered in Dresden Thursday to seek ways of boosting global growth, while the Greek crisis also cast its shadow over the talks.
German Finance Minister Wolfgang Schaeuble had invited his counterparts from Britain, Canada, France, Italy, Japan and the United States for an ...
(MENAFN - AFP) Shanghai plunged 6.5 percent from a more than seven-year high on Thursday, dragging Hong Kong with it, as traders were spooked by liquidity fears and stricter requirements on margin trading.
The steep losses in the mainland came a day after the Shanghai composite index clocked up a seventh-straight gain that saw it advance more than 15 percent.