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It's bailout or chaos, PM Papademos tells Greece

ATHENS - Greek Prime Minister Lucas Papademos has told lawmakers to back a deeply unpopular international financial rescue in a vote Sunday or condemn the country to "uncontrolled economic chaos and social explosion." | Video

Recent Business News

S&P downgrades 34 Italian banks

MILAN - Rating agency Standard & Poor's downgraded 34 Italian banks on Friday, including heavyweights UniCredit and Intesa Sanpaolo , citing a reduced ability to roll over their wholesale debt and expected weak profitability.

11 Feb 2012

UK to drop Merlin lending targets as SME loans lag

LONDON - The government will not extend a deal requiring banks to meet fixed lending targets to businesses, a Treasury source said, scrapping a scheme designed to revive ailing credit markets, which have been a barrier to economic recovery.

UK, 10 Feb 2012

NYSE Euronext makes growth plans now merger axed

LONDON - NYSE Euronext outlined bold plans on Friday to grow its business through investment in clearing and technology services after regulators nixed the sale of the U.S. exchange to Deutsche Boerse .

10 Feb 2012

RLPC-ECB cash helps thaw Europe's loan market

LONDON - Conditions are easing in Europe's syndicated loan market as cash from the European Central Bank starts to filter through, boosting liquidity and freeing up new money to lend, although dollar funding remains scarce and expensive.

10 Feb 2012

EU seen approving Google's Motorola deal - sources

BRUSSELS - Google Inc is expected to win approval next week from European regulators, as well as from U.S. antitrust authorities, for its planned $12.5 billion (7.9 billion pound) purchase of Motorola Mobility, according to people familiar with the matter.

10 Feb 2012
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