Countries could increase the productivity of infrastructure investment to make savings of 40 percent, or $1 trillion a year, by adopting proven best practices, McKinsey Global Institute (MGI) said on Thursday. MGI
The Russian Ministry of Finance has removed Cyprus from its `black list`, according to a Cyprus Ministry of Finance press release issued here, on Wednesday. This move comes as a result of
Asian shares fell on Thursday, erasing earlier gains amid worries about the global growth outlook as investors remained cautious ahead of Chinese data on Friday. The MSCI's broadest index of Asia-Pacific shares
Stability, jobs and growth will be the focus of the Irish EU Presidency, said Wednesday before the European Parliament Plenary Prime Minister of Ireland, Enda Kenny. Presenting the priorities of the Irish
Representatives of the US-based investment management firm Pimco and Cyprus’ international lenders departed from Cyprus on Wednesday after intensive talks on Tuesday. CNA sources say that talks on the total amount needed
Pimco, which carries a due diligence on the Cyprus banking sector, appears to estimate the amount needed for the sector’s recapitalization around 9 billion euro and this is the extreme scenario, reliable
Greece's bailout program is moving in the right direction, the head of the International Monetary Fund said on Wednesday after the IMF board agreed to pay the next aid tranche to Athens
Greece's "Troika" of international lenders have appointed monitors to provide additional supervision of banks being recapitalised with funds from the country's latest bailout. Accounting firm Grant Thornton has been named as the
British supermarket chain Tesco< TSCO.L> said on Tuesday it had withdrawn a number of beef burgers from sale after samples were found to contain horse DNA in tests. The burgers that had
Growth across all service lines KPMG International (KPMG), the global network of professional firms providing Audit, Tax and Advisory services, announced record-high combined revenues of US$23.03 bn for the fiscal year ending
