Cyprus said it was disappointed the European Commission had failed to recommend sanctions on Turkey for failing to open its ports to the island. Cyprus, a member of the European Union since
Oil surged for a fifth day on Wednesday to a 2009 high above $75 a barrel, boosted by a weak dollar and optimism about a global economic rebound that will lead to
Sales at U.S. retailers fell in September, but rose excluding motor vehicles for a second straight month in September, raising cautious optimism consumer spending could support the economic recovery. The Commerce Department
Stocks jumped on Wednesday after JPMorgan Chase & Co (JPM.N) posted a surge in profit, following stronger numbers from Intel Corp (INTC.O) a day earlier in an auspicious start to third-quarter earnings
JPMorgan Chase & Co quarterly profit rocketed to forecast-beating $3.6 billion as bond trading revenue surged, boosting optimism about a strengthening rebound in top Wall Street banks. JPMorgan shares rose 2.8 percent
The number of Britons claiming jobless benefit rose by its smallest amount in almost 1-1/2 years in September, according to official data, in a sign the worst of the job-shedding due to
Microsoft Corp issued its biggest software patch on record on Tuesday to fix a range of security issues in its programs, including the yet to be released Windows 7 operating system. In
China reported surprisingly strong trade figures on Wednesday, providing fresh evidence that the world's third-largest economy is firmly on a recovery track and that global demand is improving too. Exports in September
Moody's Investors Service sees negative rating pressure on Russian banks in the near-to-medium-term, reflecting concerns over the credit fundamentals of domestic banks. The first wave of the global financial crisis that struck
World stocks hit a new 12-month high on Wednesday, driven higher by positive earnings from U.S. tech giant Intel and surprisingly strong trade figures from economic powerhouse China. MSCI's all-country world index
