Nearly four months before this week's arrest of the boss of a New York investment firm on charges of defrauding at least 1,500 investors of more than $370 million, Howard Stevens suspected
Citibank analysts are forecasting that Bank of Cyprus will report EUR 485.4 mln in net profits for 2008, having maintained their price target at EUR 4/share. Bank of Cyprus will release preliminary
About 20 million Chinese rural migrants have lost jobs as the nation's economic growth has faltered, a senior official said on Monday, promising policies to boost incomes and a softer approach to
Asian stocks fell on Monday, with forecasts of corporate earnings slashed as the global economy rapidly deteriorates, steering investors toward the yen and U.S. dollar, which hit a two-month high against the
Facing opposition from Republican lawmakers to parts of his economic recovery plan, President Barack Obama called Democratic Congressional leaders to a meeting on Monday to drive home his message of urgency. With
Government Spokesman Stephanos Stephanou has said on Sunday that a Cyprus flagged ship which has been reported to be carrying arms that originated from Iran and was forced by an American military
British Prime Minister Gordon Brown warned on Friday against a retreat into financial protectionism and urged political and business leaders to work in concert on ways to solve the global economic crisis.
The U.S. economy shrank at its fastest pace in nearly 27 years in the fourth quarter, government data showed on Friday, sinking deeper into recession as consumers and business cut spending. In
British mortgage lending rose three times faster than expected in December after approvals edged up from November's record low, but economists said Friday's data did not herald a housing market turn-around. The
Insurance rates are likely to increase in 2009 and the Lloyd's of London market is doing well, despite the economic downturn, its chairman said on Friday. Peter Levene said the recent precipitous
