Yahoo Inc posted a sharply lower quarterly profit on nearly flat sales, but its shares rose 8 percent on the Internet media company's plan to cut at least 10 percent of its
By Tom Brown (Reuters) Long before she filed for bankruptcy, Ann Neukomm was "under water" — she owed more on her mortgage than her house was worth — a situation more and
Asian stocks fell on Wednesday as poor U.S. corporate results and slumping commodity prices fanned worries of a protracted global economic slowdown. The U.S. dollar rose to a 20-month high against the
Stung by the first major protest by bazaar merchants since the fall of the Shah almost 30 years ago, Iran's government plans to put off a new value-added tax until after presidential
Russia released a deputy finance minister on Tuesday pending his trial for embezzlement, a move that may show Finance Minister Alexei Kudrin has checked attempts to undermine his position. Kudrin, who has
French President Nicolas Sarkozy said on Tuesday Europe should have its own sovereign wealth funds to take stakes in companies stricken by the global financial crisis and protect them from "predators". Sarkozy
Equity prices on the Cyprus Stock Exchange (CSE) continued lower, touching near 3-year low levels as the barrage of sell orders originating on the banking titles from foreign fund managers showed no
Cyprus prepares to welcome the Middle East's Rallying elite for the Troodos Rally, the penultimate round of the FIA Middle East Rally Championship to take place on November 7-9 in Geroroskipou. The
Health Minister Christos Patsalides announced that a new hospital specializing on radiation therapy and oncology will be set up in Limassol as well as a Transplant Centre will open at the Nicosia
The leaders of the two communities in Cyprus will meet on Wednesday, 22 October, in the UN protected area, the UN announced here Tuesday. “Greek Cypriot leader Demetris Christofias and Turkish Cypriot
