The euro is in a difficult position for the first time but will weather the storm, German Chancellor Angela Merkel said in a newspaper interview published on Wednesday. It was dangerous that
Bank of Cyprus announced net profits for 2009 amounting to 313 million euro, reduced by 38% compared to 502 mln euro in 2008 due to the financial crisis. However, the Group announced
Federal Reserve Chairman Ben Bernanke told Congress on Wednesday that a weak job market and low inflation would likely allow the central bank to keep interest rates at very low levels for
Treasury Secretary Timothy Geithner on Wednesday repeated his call for Congress to pass financial reform legislation that curbs risk-taking by big financial firms and ensures they can absorb their own losses. Geithner,
Sales of newly built single-family homes unexpectedly fell to a record low in January, according to government data on Wednesday that hinted at potential trouble for the fragile housing market recovery. The
U.S. stocks trimmed gains on Wednesday after new home sales unexpectedly dropped to a record low in January, while Federal Reserve Chairman Ben Bernanke reiterated interest rates will stay low for a
Britain's top share index had gained 0.3 percent in thin trade by midsession on Wednesday, as energy stocks pushed higher and banks rose ahead of results, offsetting weakness among miners. By 1143
World stocks hit a one-week low on Wednesday while U.S. stock futures pointed to a steady open as investors looked to congressional testimony from Federal Reserve chairman Ben Bernanke for more clarity
Thomson Reuters Corp reported a lower quarterly profit and said it expects 2010 revenue to be flat or to fall slightly because of the impact of negative net sales last year. Fourth-quarter
U.S. stock index futures pointed slightly higher on Wednesday as investors awaited congressional testimony from Federal Reserve Chairman Ben Bernanke for clues to the U.S. central bank's thinking on the economy. Bernanke
