Gold fell nearly 1.5 percent on Thursday, snapping a four-day winning streak as indications the European Central Bank may raise interest rates to battle inflation dented bullion's investment appeal. ECB President Jean-Claude
Moody’s Investor Service took a swipe at Cyprus’ big three banks on Wednesday March 2, downgrading all three banks, at the same time as praising the strong liquidity positions of the banks.
Thousands of Turkish Cypriots marched on Wednesday against Ankara-inspired spending cuts as mounting dissent strained ties with Turkey and threatened to hit reunification talks with Greek Cypriots. More than 25,000 protesters, angry
Greece's two largest airlines Olympic and Aegean will appeal against a European Union ruling that blocked their plans to merge, the carriers said on Wednesday. In January, EU regulators blocked the proposed
— CoCos, covered bonds to raise €3.3 bln; Acquisitions in Greece in 2011-2012? — Bank of Cyprus and Marfin Popular Bank, the island’s two main banks with a significant exposure to debt-riddled
The United Arab Emirates, watching as Arab unrest spreads to nearby Gulf countries, will invest $1.6 bln to improve infrastructure in less developed emirates, state media said on Wednesday. The decision to
Management of Anglo-Russian oil firm TNK-BP has proposed buying a $7.6 bln stake in shareholder BP in a bid to join an offshore partnership with Rosneft, sources close to management said. Whether
British broadcaster ITV plans to restore its dividend in July after a recovery in advertising markets and improved programming helped double 2010 earnings and deliver a strong start to the new year.
Brent rose towards $116 a barrel on Wednesday on reports of Libyan government counter-attacks on rebel-held towns in the east of the country, heightening fears of a civil war in the world's
. BY MICHAEL SARRIS Former Minister of Finance As was widely predicted, worldwide recovery is taking a slow and hesitant path with unemployment the most stubborn and painful indicator. The emerging economies
