Britain's economy has turned a corner thanks to unprecedented stimulus measures, weaker sterling and the end of the destocking cycle, but the recovery will be slow, Bank of England chief economist Spencer
Finance Ministers from Commonwealth countries will meet in the southern coastal town of Limassol, between 30 September to 2 October 2009 to share and learn from their experiences in responding to the
The web check-in service of Cyprus Airways, introduced at local airports, is being extended to European airports, a Cyprus Airways press release said here Thursday. Every Cyprus Airways passenger can choose, from
Sterling's fall against major currencies is helping a much-needed rebalancing of the British economy towards exports, Bank of England Governor Mervyn King said in an interview published on Thursday. King's remarks pushed
World stocks slipped from the previous day's 11-month high on Thursday as falling oil prices and caution ahead of the Group of 20 summit prompted investors to cut back on risky assets.
The fundamental credit outlook for the global paper and forest products industry remains negative as weak credit conditions in North America and Europe continue to outweigh slightly better industry conditions for Latin
The U.S. Federal Reserve is studying the idea of borrowing from money market mutual funds as part of eventual steps to withdraw stimulus, the Financial Times reported on Thursday. The Fed would
Britain's top share index fell 0.8 percent in early trade on Thursday, tracking losses in the U.S. and Asia overnight, as markets reacted cautiously to positive comments made by the U.S. Federal
World stocks slipped from the previous day's 11-month high on Thursday after oil prices fell and caution grew ahead of the Group of 20 summit meeting, prompting investors to cut back on
Britain's economy is showing signs of recovery, but any improvement is likely to be small compared to the sharp drop in output caused by the global financial crisis, Bank of England Governor
