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Gold jumps over 1 pct, rebounding from last week’s tumble

The dollar strengthened towards 100 yen on Monday and shares rose after the G20 accepted Japan's bold stimulus policies, helping to counter the gloom over the global growth outlook. In a communique

22nd April 2013
Business

AEK Athens were relegated for the first time in the club’s 89-year history

AEK Athens were relegated for the first time in the club's 89-year history on Sunday after conceding a late goal to lose their final Greek Super League match 1-0 against Atromitos Athinon.

22nd April 2013
Business

Greece sees tourism bouncing back to pre-crisis levels

– Political calm, fewer protests encourage visitors- tourism association  – Tourism revenues seen up 9-10 pct in 2013 – Tourist arrivals expected to rise 6-7 pct, to record 17 mln Greek tourism

22nd April 2013
Business

Years of weak growth sow doubt in economic rescue plans

More than three years after the end of the global recession, sluggish activity across rich and poor economies is confounding policymakers who expected more by now and raising concerns that options for

22nd April 2013
Business

EU seeks to avoid housing bubbles with mortgage law deal

– Draft rules designed to prevent irresponsible lending  – Lenders will be forced to carry out credit checks  – First common EU rules could spur cross-border mortgages European Union negotiators are expected

22nd April 2013
Business

Second man arrested for India girl rape, chaos in parliament

Indian police arrested a second man on Monday in connection with the rape and torture of a five-year-old girl in New Delhi and parliament was adjourned twice amid an uproar about the

22nd April 2013
Business

Delays hit major U.S. airports as control tower furloughs kick in

Travelers waited more than an hour for flights in New York and experienced delays at other U.S. airports on Sunday evening as furloughs of air traffic controllers began, reducing the ability of

22nd April 2013
Business

Moderate earthquake strikes western Mexico, no major damage

A magnitude 5.9 earthquake struck western Mexico on Sunday, shaking buildings in the capital, but there were no reports of significant damage or injuries, officials said. The quake, initially reported as a

22nd April 2013
Business

How eurozone backwater Slovenia became its latest liability

Igor Luksic, leader of the Social Democrats in Slovenia's ruling coalition, disagrees with the European leaders who say his country should privatise its three biggest lenders to avoid the misery of another

22nd April 2013
Business

Hospitalized suspect in Boston bombings awaits charges

The ethnic Chechen college student accused with his deceased older brother of the Boston Marathon bombing faced federal charges as early as Monday as he lay hospitalized under armed guard, severely wounded

22nd April 2013
Cyprus
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Markets complacent over Iran, wider global risks

Financial markets are showing a deeply concerning level of complacency

Yen weakens on slowing safe-haven demand

The Japanese Yen remains on the back foot against its

Ceasefire sinks dollar

The euro-dollar currency pair extended its gains for the fourth

Cyprus risk higher amid Mideast tension, UN cuts

The risk of an attack on the British bases in

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