Asian stock markets tumbled on Friday as commodity prices fell and the dollar weakened after U.S. President Barack Obama proposed tough new restrictions on banks, curbing investors' appetite for riskier assets. Japanese
European stocks were slightly higher in early afternoon trade on Thursday, after earnings from Goldman Sachs beat forecasts, but with initial U.S. weekly jobless claims rising. At 1356 GMT, the FTSEurofirst 300
HSBC is launching a new investment grade corporate bond fund, seeking to tap demand from latecomers to a sector which saw dramatic returns last year. The HSBC GIF Global Core Credit Bond
Tourists staying in hotels in Turkish-controlled north Cyprus could be in for a shock along with their bill: a suit brought against them on behalf of Greek Cypriot owners. Greek Cypriot lawyer
Cyprus Communications and Works Minister Nicos Nicolaides has said that as the financial crisis goes on, the shipping industry has to focus on quality, security and efficiency, investing in human resources and
The number of U.S. workers filing new applications for unemployment insurance unexpectedly rose last week as claims delayed from the year-end holidays were pushed through, government data showed on Thursday. Initial claims
The British economy bounced out of the longest recession on record in the last quarter of 2009 but is not seen making any dramatic move over the coming year as stimulus packages
Goldman Sachs Group Inc on Thursday reduced its 2009 bonus pool as it posted a better-than-expected fourth-quarter profit. The Wall Street bank said the total set aside for compensation for the year was
Goldman Sach's earnings helped lift developed market stocks and set Wall Street up for modest gains on Thursday while worries about more tightening in China hit emerging market shares. The euro fell
Beijing needs to tighten its monetary policy to head off asset bubbles, leading economist Nouriel Roubini said on Thursday. "It will be nice to see an increase in the interest rate …
