Dubai World plans to sell its prized assets over a period of eight years to generate as much as $19.4 bln to pay off creditors burned by its overambitious expansion, according to
German business morale rose to its highest in more than three years in August, an unexpected gain that boosted confidence Europe's largest economy will keep growing even if others slip back into
Standard & Poor's on Tuesday cut its ratings on Ireland and assigned the country a negative outlook, saying it expects Ireland faces substantially higher costs to support its ailing financial institutions. S&P
Greece's economy will contract less than an official 4.0 percent forecast this year and government guarantees to banks are aimed at ensuring adequate credit expansion, the country's finance minister said. "The economy
Crude bounced from a seven-week low on Wednesday as investors looked for relief in U.S. oil inventory numbers due later in the day, heartened by separate Tuesday figures indicating a fall in
The yen eased from a 15-year high on Wednesday on a report that Tokyo was considering weakening its currency, while world stocks fell for the fifth day on concerns over the global
There is a rise in Cyprus’ trade deficit during the first five months of 2010, as compared to the corresponding period a year ago. Total imports from third countries and arrivals from
Cyprus President Demetris Christofias has stressed that despite the Turkish side’s denial to accept proposals put forward by him, in the framework of the ongoing negotiations aiming to solve the Cyprus problem,
The 49th Wine Festival, held annually in the southern coastal town of Limassol, the main winegrowing region of Cyprus, will open its doors on Friday. The Wine Festival, to last until September
Hellenic Petroleum, Greece's biggest refiner, said on Tuesday first-half profit dropped to 59 mln euros from 141 mln last year, hurt by the country's recession, taxes and the lower value of oil
