Money

Turkey should continue cautious monetary and fiscal policies and take steps on food supplies to keep inflation falling, the central bank governor told the country's cabinet on April 27.

"Inflation in Turkey is on a falling trend," Erdem Ba?ç? told ministers, according to the Central Bank's website.

Turkey should continue cautious monetary and fiscal policies and take steps on food supplies to keep inflation falling, the central bank governor told the country's cabinet on April 27.

"Inflation in Turkey is on a falling trend," Erdem Ba?ç? told ministers, according to the Central Bank's website.

International lenders began talks in Cyprus on Monday to try to pave the way for a resumption of bailout payments after the island passed a law on foreclosure of bad loans.

Cyprus?s Central Bank said that technical banking teams from the European Union, the International Monetary Fund and the European Central Bank would be on the island until Thursday, and again from May 6.

Greece is the focus of the international community for the third time in five years over the same matter. In 2010, and 2012, the country was pulled back from the cliff of payments suspension, receiving two huge aid packages from the EU, the ECB and the IMF. Now, the country has to face the possibility of not being able to pay the tranches and the debt of about 320 billion euros.

European shares edged lower in early trading on Monday, with lingering concerns over Greece's debt situation prompting investors to trade cautiously at the start of a new week.

German Finance Minister Wolfgang Schaeuble hinted on Saturday that Berlin was preparing for a possible Greek default, drawing a parallel with the secrecy of German reunification plans in 1989.

By Paul Gordon & Andre Tartar

The European Central Bank won?t end its asset-buying program early, though it might do so abruptly, economists say.

German bund yields were on track for their biggest weekly rise of 2015 on Friday as fears of an imminent Greek default eased, though strategists still saw European Central Bank bond buying as a powerful driver in the opposite direction.

By Evgenia Tzortzi

Piraeus Bank has decided to write off debts of up to 20,000 euros stemming from consumer loans and credit cards for its clients who qualify to benefit from the government?s measures against the humanitarian crisis. The bank will also freeze debts from mortgages for the same category of citizens, it announced yesterday.

Deutsche Bank faced a multi-billion-dollar fine on April 23 as British and U.S. officials prepared to announce a legal settlement over alleged attempts at its London-based subsidiary to manipulate interest rate benchmarks. 

By Benjamin Purvis

There's a 30 percent chance Greece ends up dropping out of the euro area by accident and if it does then that might make Italian and Spanish debt a good buy, according to the manager of the world's biggest bond fund.