U.S. President Barack Obama is expected to issue an order on Thursday to close Guantanamo prison after a busy first full day in office that saw him meet his economic advisers and
An $825 billion economic stimulus package sought by Democrats cleared a key hurdle on Wednesday as a House of Representatives panel approved major portions of the spending initiatives in the plan that
Cypriot President Demetris Christofias stepped down as leader of the ruling Communist AKEL party on Wednesday after 20 years at the helm. Moderate Andros Kyprianou succeeded Christofias, who became Cyprus's first communist
Moody's Investors Service said that the second government support package announced by the Danish government for the domestic financial sector is a positive development, but the rating agency does not expect it
The fundamental credit outlook for the Israeli banking industry is negative, reflecting the expected slowdown in the domestic economy, as well as the impact of the ongoing global financial and economic crisis,
The fundamental credit outlook for Ukrainian financial institutions is negative, reflecting the likelihood that the banks' financial fundamentals will continue to be negatively affected by the uncertainty in domestic and international financial
European governments provided further support to ailing banks but failed to reverse mounting gloom on Wednesday, with a UK politician calling for nationalisation of two top lenders and Barclays shares sinking. Belgium
Russian billionaire Alexander Lebedev is buying a majority interest in London's Evening Standard newspaper for a nominal sum, current owner Daily Mail & General Trust said. Lebedev — who owns stakes in
Director of the Department of Overseas Cypriots at the Ministry of Foreign Affairs, Ambassador Stavros A. Epaminondas, has died on Monday in London at the age of 56, it was announced on
Sterling hit fresh 7-1/2 year lows against the dollar and European shares tumbled again on Wednesday as fears intensified about the banking sector, knocking Barclays shares down more than 20 percent. Investors
