Shareholders in British oil company BP balked at reports it would seek urgent investment from a wealthy Middle East or Asian country as clean-up costs for its U.S. oil spill topped $3
European share prices were little changed in thin trading on Monday as U.S. markets remained closed for the Independence Day holiday, although lingering uncertainty over the results of stress tests conducted on
Central banks may be the only remaining line of defense against a scary-but-remote double-dip recession threat. The European Central Bank and the Bank of England both hold policy-setting meetings on Thursday that
Bulgaria plans to overcome its overwhelming dependence on Russian energy by building new gas pipeline links with neighbouring Greece, Romania, Turkey and Serbia, a draft energy strategy showed on Monday. It also
The dollar held steady near a two-month low on Monday and the euro paused after last week's boost from unwinding of short and leveraged positions, with traders and analysts seeing scope for
Asian stocks inched higher on Monday, with investors taking profits on defensive plays and buying back other beaten down shares, though selling could resume shortly as the U.S. and Chinese economies are
Britain's coalition government defended plans on Sunday to consider far deeper public spending cuts than expected after opponents warned that it could trigger a second recession and a wave of strikes. The
Azerbaijan urged the United States on Sunday to help solve the dispute over the Nagorno-Karabakh Armenian enclave and U.S. Secretary of State Hillary Clinton pressed its authoritarian government on human rights. A
The Cypriot authorities are examining a formal request from the US for access to items belonging to a suspect wanted in connection with a spy ring who fled the island after a
Commerce, Industry and Tourism Minister Antonis Paschalides said he is confident that, in the next few months, tourist arrivals and revenue from tourism will increase. “There are positive signs about tourism from
