Europe must come up with a clear strategy on how to save its debt-ridden states before Russia could make a commitment to increase its holdings in the euro zone, President Dmitry Medvedev's
EU member Cyprus vowed on Wednesday to keep Turkey's entry talks on hold as long as Ankara challenges the island's rights to launch offshore gas drilling, in an escalating row among east
. By Dr. Jim Leontiades The Cyprus International Institute of Management It used to be unthinkable. It is still strongly denied, but a few voices are stating the obvious. Greece may leave
. By Shavasb Bohdjalian The euro tumbled sharply lower over worries that Greece will default, with the market not impressed by the latest revenue raising measures announced by the government of George
Hewlett-Packard has extended the deadline for its $11.2 bln takeover offer for British software company Autonomy to October 3 after gaining acceptances from only 41.6% of shareholders at the first closing date.
. ANALYSIS By Alan Wheatley, Global Economics Correspondent, Reuters Greece's exit from the euro zone would inflict untold damage on Europe's economy, further burnish the attractiveness of a rising Asia and hasten
* Cyprus club collects first 800,000 euros * Two goals in three minutes by Gustavo Manduca and Ailton allowed APOEL Nicosia to snatch a 2-1 win over Zenit St Petersburg in its opening Champions
Moody's Investors Service cut the credit ratings of France's Credit Agricole SA and Societe Generale on Wednesday, citing their exposure to Greece's debt, a fresh blow to euro area leaders struggling to
— THE FINANCIAL MIRROR CONSENSUS FORECASTS — * 2011: 0.4% growth / 2012: 1.3% growth * This week we launch the first of our Financial Mirror Consensus Forecasts, with five well known
* No other euro zone talks * Russia is in the process of negotiations on a loan for cash-strapped Cyprus, Interfax news agency quoted Finance Minister Alexei Kudrin as saying. However, he
