The Group of 20 will agree to phase out subsidies on oil and other fossil fuels in the "medium term," but will not set a firm timetable for the move aimed at
The Group of 20 will take on the role of caretakers of the global economy, giving rising powers such as China more clout, and roll out tougher rules on bank capital by
Asian stocks fell and the U.S. dollar extended gains on Friday after central banks said they were winding down extraordinary stimulus measures, raising fears the days of fast flowing liquidity were numbered.
The number of U.S. workers filing new claims for jobless benefits fell last week, but a surprise drop in sales of existing homes in August suggested the economy's recovery from a severe
Britain's top share index fell 0.3 percent by midday on Thursday, led lower by banking stocks with investors cautious ahead of the outcome from the latest Group of 20 leaders' meeting. At
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.
