Publishers have high hopes that Apple Inc's highly anticipated tablet computer will attract new readers and boost revenue, but few expect that it will by itself reverse the fortunes of a beleaguered
U.S. President Barack Obama will freeze the salaries of senior White House officials and other top political appointees for savings of $4 million in fiscal 2011, a senior administration official said on
Asian stocks hovered near two-month lows on Wednesday after a seven-day slide sparked by fears that China's heightened efforts to rein in soaring credit growth could hamper the global economic recovery. Investors
Moody's Investors Service has downgraded the Corporate Family (CFR) and Probability of Default Ratings (PDR) of Kuwait-based National Industries Group Holding S.A.K. (NIG) and the debt ratings on the USD 475 million
Radical reform is needed to make the banking system safer, Britain's top central banker said on Tuesday, adding U.S. President Barack Obama's plan to curb some activities would not fully solve the
Minister of Commerce, Industry and Tourism Antonis Paschalides announced on Tuesday the reduction of electricity prices by 1%. Replying to questions, Paschalides explained that the Cyprus Organisation for the Storage and Management
Major challenges remain for Cyprus tourism, said on Tuesday Finance Minister Charilaos Stavrakis, speaking at the Cyprus Tourism Forum 2010, held in Nicosia. Stavrakis pointed out that tourist arrival in Cyprus in
The U.S. budget deficit for the current fiscal year will come in at $1.3 trillion, down slightly from the record $1.4 trillion deficit posted last year, the nonpartisan Congressional Budget Office said
U.S. home prices slipped in November and were softer than expected in the latest sign that a rebound in the U.S. housing market is still tenuous, according to Standard & Poor's/Case-Shiller indexes
Wall Street opened lower on Tuesday after China tightened bank lending requirements and data showed a rebound in the U.S. housing market is tenuous. * The Dow Jones industrial average (.DJI) was
