U.S. President Barack Obama, facing criticism over huge budget deficits, will propose on Thursday shaving $17 billion from a 2010 budget that will still hover around $3.5 trillion, administration officials said. About
Microsoft Corp's next version of Windows is stirring fresh complaints of anticompetitive behavior from rivals who say the new version of the operating system gives unfair advantage to Microsoft's Internet Explorer browser,
Microsoft Corp CEO Steve Ballmer said he sees opportunities to work with Yahoo Inc to create a "better search product" but would not comment on discussions that the two may be engaged
Google is more than a fabulously successful company — it is a cultural phenomenon facing increasing U.S. government scrutiny despite its chief executive's campaign support for President Barack Obama. The No. 1
The progress achieved so far in the direct talks between the leaders of the two communities in Cyprus, aiming at a political settlement, is not what the Greek Cypriot side had expected,
Regulators are ordering some of the largest U.S. banks to find tens of billions of dollars of capital to cushion themselves in the event of a deep economic downturn. The results of
Barclays Plc said its first quarter profit rose 15% from a year ago as strong growth at its investment bank arm made up for a big jump in bad debts. Trading in
Asian shares extended their rally on Thursday as encouraging signs about the health of U.S. banks and the global economy bolstered riskier assets such as oil and hurt safe-havens such as the
Turkey's new foreign minister said on Wednesday that Ankara would push for settlement in divided Cyprus, where Turkish Cypriots recently elected a government backing a two-state arrangement anathema to Greek Cypriots. In
The banking sector in Cyprus remains healthy with local banks maintaining adequate liquidity and capital, and thus do not need capital injections or state aid from the government, Central Bank Governor Athanasios
