U.S. consumer prices edged up in May on higher gasoline prices, but fell over the past 12 months by the most since 1950, in a sign that inflation was no threat for
U.S. stocks opened little changed on Wednesday as key data for May tempered concerns about inflation but was offset by a disappointing outlook from bellwether FedEx Corp (FDX.N). The Dow Jones industrial
Britain will hold out for firm assurances at a European Union summit on Thursday that a drive for pan-EU banking supervision will not further weaken national powers to regulate its huge financial
Cyprus President Demetris Christofias called on Wednesday for joint action for tourism as state revenues from tourist sector decline. Addressing the General Assembly of the Association of Cyprus Travel Agents, Christofias assured
European shares slid for the fourth day on Wednesday, echoing falls across most of Asia as some investors unwound trades betting on a speedy economic recovery, while dollar weakness boosted oil towards
European shares fell for the fourth day on Wednesday led lower by banks and commodities, while Iberdrola and Sainsbury both fell after announcing plans to raise fresh capital. By 0855 GMT, the
The number of Britons claiming jobless benefit rose less than expected in May but the rise was still enough to push the unemployment rate to its highest in more than a decade,
The Bank of England's Monetary Policy Committee voted unanimously this month to keep interest rates at a record low of 0.5 percent and maintain its 125 billion pound quantitative easing programme. Minutes
The outlook for the global pharmaceutical industry remains negative, mainly due to looming patent expirations of top-selling drugs and weakening product pipelines, Moody's Investors Service said in a new report. "Despite the
Projects in the UAE that have been delayed or placed on hold have reached a collective value of USD 355 bln, thereby exceeding the total value of projects that are underway at
