Cyprus Foreign Minister Marcos Kyprianou has said that the Turkish actor Attila Olgac’s confession, that he killed ten Greek Cypriots during the Turkish invasion of Cyprus in 1974, should be investigated, noting
The International Monetary Fund on Wednesday forecast the world economy would slow to a near standstill this year, warning that deflation risks were rising and saying toxic assets need to be removed
The U.S. Federal Reserve resumed its policy meeting on Wednesday at which officials will consider ways to revive the economy now that their traditional interest-rate cutting tools have been exhausted. The Fed
Britain's Financial Services Authority is discussing with international partners the use of a leverage ratio to complement the Basel II capital adequacy requirements to which banks currently adhere. FSA Chairman Adair Turner
Following are details about major bank bailouts since September: AUSTRIA: Nov. 3, 2008 — Buys 99.8 percent of Kommunalkredit for a nominal sum and says will inject fresh capital. Takes 49 percent
British Prime Minister Gordon Brown warned on Wednesday against any policies directed at managing the pound's exchange rate. Brown said previous British attempts at targeting exchange rates had failed and that current
The International Monetary Fund underlined the scale of the global economic crisis on Wednesday, saying it risked running out of money, while investors awaited the U.S. central bank's latest efforts to get
European shares jumped more than 3 percent in late trading on Wednesday as financial stocks surged on improved sentiment and energy shares tracked a rise in crude. Optimism that the new U.S.
Hundreds of flights to and from Greece will be grounded on Wednesday during rolling strikes by air traffic controllers, their union said in a statement. Air traffic controllers will hold four separate
The Cyprus Securities and Exchange Commission (CySec) said it estimates that the exposure and losses likely to be suffered by Cypriot investors who invested in funds that in turn invested in other
