Ford surprises with quarterly profit

 Ford Motor Co (F.N) surprised Wall Street with a quarterly profit on Monday and raised its 2011 outlook to "solidly profitable," sending its shares up 5.7 percent in premarket trading. Ford, the

Fed seen on hold as outlook uncertain

 The U.S. economy may have turned a corner after the deepest recession in some 70 years, but Federal Reserve policymakers appear to be in no rush to raise interest rates. The Fed

World shares slide ahead of policy meetings

World stocks added to the previous week's losses on Monday, hugging one-month lows as investors pulled back from a more than seven month rally and prepared for the eventual withdrawal of stimulative

Cyprus leaders to dicuss property issue

President of the Republic of Cyprus Demetris Christofias and Turkish Cypriot leader Mehmet Ali Talat will meet again on Monday in the framework of the ongoing UN-led direct negotiations for a solution

Russian FM to visit Cyprus

Russian FM Sergei Lavrov will pay a visit to Cyprus November 4-5 at the invitation of his Cypriot counterpart Marcos Kyprianou. A spokesman for the Russian Embassy in Nicosia told CNA that

Nokia to close gaming service N-Gage

Nokia Oyj will close its battered gaming service N-Gage next year, acknowledging failure in its first major services offering. Nokia is looking for new revenue from online services as its traditional handset