Asia stocks retreat, China hopes limit drop

Asian stocks pulled back from six-month highs on Wednesday but held up after the drop on Wall Street overnight, with hopes for more Chinese stimulus spending helping offset reports of weak first-quarter

UK pension funding gap soars to GBP242 bln

The deficit facing 7,400 of Britain's pension funds worsened in March to 242 billion pounds ($356 billion), more than 10 times its year-ago level,according to the Pension Protection Fund, an insurance scheme

Drop in retail sales weighs on stocks

US Stocks fell on Tuesday after an unexpected drop in retail sales dampened recent optimism over the state of the U.S. economy. Sales at U.S. retailers fell 1.1 percent in March, snapping

Aegean starts flights from Paphos to Athens

Aegean Airlines has announced new flights from Pafos International Airport, further strengthening aviation links between Cyprus and Greece. Aegean Airlines new service to Athens commences on April 15th and there will be

Cyprus problem obstacle to Turkey’s EU course

Government Spokesman Stephanos Stephanou said on Tuesday that Turkey must understand that the Cyprus problem is an obstacle to its EU accession course. Commenting on remarks by Turkish officials, Stephanou said that