Subprime mortgage crisis

Turkey's sovereign wealth fund (Varlık Fonu) hired Citigroup Inc. and Industrial Commercial Bank of China Ltd. to coordinate a 1 billion-euro ($1.14 billion) syndicated loan, people with knowledge of the matter told Bloomberg.

Greece has announced plans to issue a five-year bond, in what be the country's first market test since the end of its international bailout last August.

The country's Public Debt Management Agency on Monday named BofA Merrill Lynch, Goldman Sachs International Bank, HSBC, JP Morgan, Morgan Stanley, and SG CIB as joint lead managers for the issue.

Greece's debt agency is to announce the country's return to the bond markets, with a five-year syndicated issue that may be announced within the day, sources indicated on Monday.

The state aims to raise 2 billion euros from the issue.

Head of the Senate's European Affairs Committee Gabriela Cretu told the meeting of the chairs of the Conference of the Parliamentary Committees for Union Affairs that there are no recipes for cohesion and convergence, and the achievement of these goals depends on national, community and global factors as well.

This year will see more emerging market countries raise interest rates than at any point since the pre-financial crisis uplands of 2006, analysts at JP Morgan predict.

Stock markets around the world remained under pressure Monday with investor confidence weighed down by the recent big sell-off that's put key U.S. indexes on course to record their worst December since the 1930s. News that U.S.

Total credit in Greece's banking system contracted 1.8 percent year-on-year in September after a 2.3 percent decline in the previous month, Bank of Greece data showed on Tuesday.

Credit extended to the government fell 5.6 percent after decreasing by 7.1 percent in August, the central bank said.

President Klaus Iohannis cautioned on Monday that research in Romania is likely to regress to the level of the '90s because of the government's plans to adopt the Ordinance on R&D and Innovation, released on the website of the Ministry in charge.

Bucharest, Aug 4 /Agerpres/ - The PNL National Council, which met on Saturday at the Parliament Palace, has voted a document on "The Principles of Good Governance".

Societe Generale Bank Srbija (Societe Generale) posts substantial growth of profit before tax in the first half of 2018 (H1) in the amount of 5.3 bln dinars (45.1 million euros), which is by as much as 86 percent higher than the same period last year - a continuation of the positive trend constantly achieved by Societe Generale on the domestic market.