Documents made public on Wednesday confirm former U.S. Treasury Secretary Henry Paulson gave nine major banks no choice but to allow the government to take equity stakes in them as the Bush
Britain's top share index fell 0.3 percent early on Thursday, its fourth straight day in the red, weighed by commodity stocks, as concerns about the state of the global economy resurfaced. By
The Obama administration moved on Wednesday to exert more control over the shadowy over-the-counter derivatives market, now closely linked to the global credit crisis. Federal regulators proposed subjecting all over-the-counter derivatives dealers
Asian stocks fell on Thursday as weak U.S. retail sales underscored the long road to economic recovery, prompting investors to take profits on winning bets in equities, higher-yielding currencies and commodities over
World stocks fell for a fourth straight day on Thursday while the low-yielding dollar and yen advanced as weak U.S. retail sales data prompted investors to cut back on risky assets after
Demand for energy-thirsty gadgets such as cell phones, iPods, PCs and plasma TVs is undoing efficiency gains elsewhere, the International Energy Agency said on Wednesday. The Paris-based energy adviser to 28 developed
Britain has ruled out direct flights between Cyprus’ northern Turkish occupied areas and Britain, saying such flights are prohibited by international conventions. A spokesman for the British Department of Transport has told
President of the Republic of Cyprus Demetris Christofias and Turkish Cypriot leader Mehmet Ali Talat will hold on Thursday their 28th meeting in the framework of the UN-led direct negotiations, currently underway
Eight Cyprus Airways flights, six from and to Athens and two to and from Salonika will be affected by the four-hour strike of air traffic controllers in Greece today from 1000 to
The U.S. financial system has completed a big part of the painful adjustment away from its excessively leveraged state, and lending is starting to improve, U.S. Treasury Secretary Timothy Geithner said on
