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Debt crisis: as it happened May 17, 2012

Ratings agency Fitch warns that all eurozone countries face a greater than 50pc chance of a downgrade if a stable, pro-bail-out government is not formed following Greece's second round of elections.

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Cyprus president appoints new Central Bank chief

A British university's financial economics professor was appointed Cyprus' new Central Bank governor Saturday, as the eurozone member struggles to contain a stagnating economy and banking system roiling under heavy exposure to Greek debt.

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Cyprus president appoints Panicos Demetriades as new Central Bank head amid economic turmoil

NICOSIA, Cyprus - A British university's financial economics professor was appointed Cyprus' new Central Bank governor Saturday, as the eurozone member struggles to contain a stagnating economy and banking system roiling under heavy exposure to Greek debt.

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Markets Live: Shares up ahead of rates

Local stocks are flat as the RBA prepares to make a decision on interest rates, with a majority of economists predicting a 25 basis point cut.

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Markets Live: Shares flat ahead of rates

Local stocks are flat as the RBA prepares to make a decision on interest rates, with a majority of economists predicting a 25 basis point cut.

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