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Australian tycoon delays New York Titanic gala after Sandy

An Australian mining magnate who plans to build a replica of the Titanic said on Friday he is delaying a New York gala to unveil details of the project out of respect

9th November 2012
Cyprus

Asian shares slip on U.S. fiscal worries, Europe woes

Asian shares extended losses on Friday as markets fretted over the U.S. fiscal cliff and the risk of it tipping the world's largest economy into recession, as well as ongoing doubts about

9th November 2012
Business

Gazprom tests LNG trade route via Arctic waters

The trading arm of Russia's Gazprom is testing a new liquefied natural gas (LNG) trade route between Europe and energy-hungry markets in Asia as shrinking sea-ice opens Arctic waters to marine traffic.

9th November 2012
Business

US trade deficit narrows, economy resists global chill

The U.S. trade deficit unexpectedly narrowed in September due to a sharp rise in exports, suggesting global demand for U.S. goods was holding up despite the debt crisis in Europe. Other data

8th November 2012
Business

FRANCE: Economic crisis more urgent than gay marriage, says cardinal

France's top Catholic prelate criticised the Socialist government on Thursday for forging ahead with plans to legalise same-sex marriage when the country faced more urgent economic concerns. Paris Cardinal Andre Vingt-Trois spoke

8th November 2012
Cyprus

Middle East dilemma over subsidies unnerves investors

Egypt's tetchy negotiations with the IMF on slashing subsidies as a part of a loan deal reflect a far broader fiscal and social conundrum in the region, raising the stakes for investors.

8th November 2012
Business

U.S. Northeast digs out from snow following hurricane

New York City and much of the U.S. Northeast on Thursday dug out from a snowstorm that hammered a region still struggling to recover from the devastation of Superstorm Sandy. The unseasonably

8th November 2012
Cyprus

GREECE: Construction slump drags on, jobless youth at 60%

Greece's construction sector contracted by more than a quarter in August compared with a year earlier, data showed on Thursday, continuing a slump that is deepening the country's worst peacetime downturn after

8th November 2012
Business

IMF and EU face tough choices on Greece debt

Greece has moved a step away from bankruptcy with parliament's approval of new reforms, but its debt pile still threatens its solvency and its international creditors have yet to agree even how

8th November 2012
Business

Greek Coke bottler profit crimped by austerity, costs

Coca-Cola Hellenic (CCH) , the world's second-largest bottler of Coca-Cola Co. soft drinks, posted a 12% drop in nine-month profit, hurt by austerity in its debt-laden markets, higher commodity costs and currency

8th November 2012
Business
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