Cyprus remained stuck in recession in the third quarter but recorded its mildest slump this year according to the Statistical Service’s flash estimate based on partial data. In July-September real GDP contracted
British banking group Lloyds has taken a 90% loss on 1.47 billion pounds ($2.3 billion) of troubled Irish real estate loans after selling them to Apollo Global Management. The sale for 149
Credit Suisse said on Tuesday its private banking arm would swallow its smaller asset management unit to cut costs and announced a management shake-up that raises the profile of those jockeying to
Four men have been arrested in southern California and charged with plotting to kill Americans overseas by joining up with al Qaeda to engage in "violent jihad" or Islamic holy war, the
Russian investigators searched the home of the head of a state telecoms firm on Tuesday in a fraud probe, the latest of a string of scandals that is increasingly coming to characterise
Chinese shares fell in weak trading on Tuesday, dragging down Hong Kong markets, after data showed that direct foreign investment in China fell for a tenth straight month and big Chinese consumer
Britain's top share index slipped slightly in thin trade on Tuesday as Moody's downgrade of France pushed some investors to take profit after the market's biggest one-day rise this year. By 0847
Shareholders in commodities trader Glencore have overwhelmingly approved its long-awaited $31 billion takeover of miner Xstrata, paving the way for one of the largest tie-ups in the sector to date. After nine
Turkish Prime Minister Tayyip Erdogan described Israel on Monday as a "terrorist state" in carrying out its bombardment of Gaza, underlining hostility for Ankara's former ally since relations between them collapsed in
More than 100,000 people rallied across France on Saturday to protest a government bill that would grant marriage and adoption rights to same-sex couples. Police used tear gas against activists who tried
