Cypriot MP briefs PACE President on Cyprus

Aristofanis Georgiou, head of the Cypriot delegation to the Parliamentary Assembly of the Council of Europe, met today with PACE President Lluis Maria de Puig whom he briefed on the current phase

Fed seen holding rates and policy steady

With signs the deep U.S. economic swoon may be easing, Federal Reserve policy makers appear ready to hold off new measures to flood the economy with money while keeping interest rates steady

U.S. economy shrinks more than expected

The U.S. economy contracted at a steeper-than-expected pace in the first quarter, weighed down by sharp declines in exports and business inventories, according government data on Wednesday that showed the economy was

EU seeks to end bank bonuses for failure

 Banks should be allowed to claw back staff bonuses when performance claims prove to be bogus, the European Commission said on Wednesday, pledging legislation on pay oversight. Bankers' bonuses should not encourage