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Egypt’s tourism revenues fall 3.1 pct on a year ago

Egypt's revenue from tourism for the year to November fell 3.1 percent on a year ago, but were higher than expected thanks to strong arrivals from Europe as winter approached, a tourism

11th December 2009
Business

Banker bonuses, Greece in focus at EU summit

Britain and France joined forces at a European Union summit on Thursday to demand that bankers' bonuses be taxed heavily and Germany called for solidarity with Greece over a mounting debt problem.

11th December 2009
Business

Nikkei up on yen retreat, China data boosts mood

Japan's Nikkei stock average rose 2.5 percent on Friday, snapping a three-day slide, as the yen retreated against the dollar and helped exporters extend gains made after improving U.S. job data. The

11th December 2009
Business

Greeks blame weak governments for financial crisis

Want to stay in euro even if it means tough measures Outside stores damaged or barricaded against two days of riots, Greeks blame a stream of weak governments for plunging their country

11th December 2009
Business

New U.S. jobless claims rise, trade gap narrows

The number of U.S. workers filing new claims for jobless benefits rose more than expected last week, but a surprise narrowing in the trade gap in October suggested the economic recovery was

10th December 2009
Cyprus

European shares rise; banks up, BoE holds rates

European shares were higher at midday on Thursday, with financial stocks gaining strength after sharp falls in the previous sessions. By 1231 GMT, the pan-European FTSEurofirst 300 index of top shares was

10th December 2009
Business

Wall Street rises after jobs and trade data

Wall Street rose at the open on Thursday after new claims for jobless benefits rose more than expected but the number of people seeking extended benefits fell, and a separate report showed

10th December 2009
Business

Geithner: don’t declare victory too soon in crisis

Treasury Secretary Timothy Geithner said on Thursday the government had to beware declaring victory too soon after managing to avert complete financial collapse by bailing out the nation's banks. "History suggests that

10th December 2009
Business

Soros proposes $100-bln fund to unlock climate talks

Billionaire financier George Soros told Reuters on Thursday he had found a $100 billion route to unlock climate talks in Copenhagen, while one business group complained the talks were "tone deaf" to

10th December 2009
Business

BoE leaves asset-buying, rates unchanged as expected

The Bank of England left its asset purchase programme intact at 200 billion pounds ($325 billion) and held interest rates at 0.5 percent on Thursday, as widely expected. Policymakers have indicated they

10th December 2009
Cyprus
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