World shares head for worst month ever

Shares in Asia and Europe fell on Friday, heading for their worst month ever, while the low-yielding yen surged as Japan's interest rate cut failed to erase concerns about the deteriorating global

Commerzbank may seek state capital -sources

Commerzbank is interested in a state capital injection that could see Germany take a stake in the country's second-biggest bank, according to sources familiar with the situation. The development comes as Commerzbank

Cyprus Finance Minister in Turkey

Cyprus Finance Minister Charilaos Stavrakis departed Thursday for Turkey where he will attend and address the World Economic Forum on Europe and Central Asia 2008 to be held in Constantinople October 30

R & D expenditure in Cyprus increases

Expenditure for research and development in Cyprus in 2006 has increased compared with previous years according to the results of the ad hoc survey carried out by the Statistical Service for the

UK online sales fall for first time -Experian

Britain's online retailers have suffered a monthly traffic fall for the first time since records began three years ago, researchers Experian said on Friday. Experian division Hitwise said UK internet traffic to

Barclays in talks to raise GBP6 bln

 British bank Barclays Plc  is close to raising about 6 billion pounds ($9.8 billion) from a number of potential investors and could announce details on Friday, a person familiar with the matter