Cyprus faces very serious macroeconomic imbalances, EU Commissioner for Economic and Monertary Affairs Olli Rehn has said. Replying on behalf of the EU Commission to a question raised by Cyprus Member of
Two former Cypriot ministers and four other senior officials pleaded not guilty on Monday to charges of manslaughter and negligence relating to a deadly munitions explosion that was the island's worst peace-time
Cyprus Minister of Finance Vassos Sharly said on Sunday he is ready for negotiations with Troika mission (representatives of EU Commission, European Central Bank and IMF) to arrive on the island on
Federal Reserve Chairman Ben Bernanke serves up a new set of clues this week that might help solve one of the thorniest riddles for the world economy: what will it take to
Vladimir Putin flew to southern Russia on Sunday for the second time in eight days to meet survivors of deadly floods, determined to dispel an image of leading a weak state two
After the worst financial crisis since the Great Depression almost took the global economy over a cliff, tough new regulations and stronger internal controls at the world's major banks were meant to
Just hours after General Motors abruptly fired Karl-Friedrich Stracke as chief executive of Opel last week, industry observers were already beginning to ask whether it was time to start writing the troubled
The global economy is moving into a good old fashioned slowdown with the developed world's policy options limited and investors nervous, putting the spotlight firmly on U.S. Federal Reserve Chairman Ben Bernanke
Nearly two-thirds of Germans oppose giving heavily indebted countries in the euro zone more time to meet reform commitments, according to a poll published on Friday that highlights the domestic political constraints
JPMorgan Chase & Co, the biggest U.S. bank, posted $4.4 billion of losses from its "London Whale" trades, but also said some of its traders might have tried to conceal bad credit
