Moody's Investors Service has placed the Baa2 long term local and foreign currency issuer ratings and provisional debt ratings of Gulf General Investment Company (GGICO) on review for possible downgrade, citing prospects
Hours after taking $20 billion in new state cash, Bank of America and recent addition Merrill Lynch revealed they had lost almost as much last quarter, while Citigroup also made thumping losses.
Britain's economy will suffer its worst downturn in decades this year and policymakers around the world will have to consider further monetary and fiscal action, Bank of England Deputy Governor John Gieve
Bank of America will get another $20 billion in state cash and the U.S. Senate cleared the release of the remaining $350 billion of bailout funds, buoying stockmarkets despite fears of more
The expiry of a ban on short-selling of Britain's financial stocks had no immediate impact on Friday as bank shares rallied, backing up claims by some investors that the ban was cosmetic
Ireland defended its dramatic move to nationalise Anglo Irish Bank, as fears over its impact on an already wounded economy hiked the cost of protecting against a sovereign default to record highs.
The UN Secretary General's Special Adviser on Cyprus Alexander Downer has said that the leaders of the two communities discussed deadlock resolving mechanisms, among other issues, during their meeting on Friday in
President of the Republic Demetris Christofias said Friday's meeting with Turkish Cypriot leader Mehmet Ali Talat, in the context of direct talks to solve the Cyprus problem, brought them much closer to
World stocks rose from the previous day's one-month low on Friday while government bonds and the yen slipped after Washington rescued Bank of America and Congress advanced emergency economic aid plans. Bank
A new light-bending material has brought scientists one step closer to creating a cloaking device that could hide objects from sight. Beyond possible military applications, it also might have a very practical
