Around three-quarters of the damage inflicted on the Gaza Strip by Israeli armed forces during its “Operation Cast Lead” last year remains unrepaired and unreconstructed, according to a United Nations report. The
Moody's Investors Service has downgraded the bank financial strength rating (BFSR) of Commercial Bank of Kuwait (CBK) to D+ from C-, and downgraded CBK's long-term global local currency (GLC) and foreign currency
The IMF's chief economist warned on Monday that markets will remain concerned until doubts over the European Union delivering on its aid promise to the Greek government and Greece's debt-payment history are
Sales of previously owned U.S. homes touched a five-month high in April amid a late rush to take advantage of a homebuyer tax credit, but a jump in houses on the market
Asian stocks fell to multi-month lows and the euro slipped on Tuesday on fears that Europe's sovereign debt woes will trigger a renewed crisis in the continent's banking sector. Europe's fumbling response
The fall-out from the Greek debt crisis could push down European auto sales for the rest of the year, though they have been better than expected so far in 2010, Renault <RENA.PA>
Britain's index of leading shares fell below the key 5,000 level on Friday for the first time since November 2009, as euro zone sovereign debt concerns weighed on sentiment, with banks and
National Bank, Greece's largest lender, expects 2010 and 2011 to be difficult because of the country's severe debt problems and a contracting economy, its chief executive told its shareholders on Friday. Recession
The Senate approved a sweeping Wall Street reform bill on Thursday night, capping months of wrangling over the biggest overhaul of financial regulation since the 1930s. By a vote of 59-39, the
Web search king Google Inc on Thursday showed off a risky attempt to marry the Web to television and reach the $70 billion TV advertising market, chasing a dream that has eluded
