Oil rebounded on Wednesday after the $85 bln U.S. government rescue of insurer American International Group appeared to reassure global financial markets. U.S. light crude for October delivery was up $2.70 at
Capital Intelligence, the international credit rating agency, has upgraded the Czech Republic's long-term foreign currency rating to ‘A’ from ‘BBB+’ and its short-term foreign currency rating to ‘A1’ from ‘A2’. At the
The number of Britons claiming unemployment benefit rose for a seventh consecutive month in August and by its biggest amount since December 1992, official data showed on Wednesday. The Office for National
Greek Minister of Foreign Affairs Dora Bakoyiannis has expressed hope that the new effort to solve the Cyprus problem, under UN auspices, will be successful. Bakoyiannis warned Turkey that its EU accession
The Russian Ministry of Foreign Affairs has announced the appointment of Vyacheslav Scumskiy to the post of Ambassador of the Russian Federation to the Republic of Cyprus. The decree was signed by
Investment bank Morgan Stanley is weighing whether it should remain independent or merge with a bank, give the recent turbulence in the company's share price, broadcaster CNBC reported on Wednesday. Morgan Stanley
A record rate of foreclosures probably kept many U.S. home builders off the job last month, pushing the rate of groundbreaking for new homes to its lowest level in more than 17
Asian stocks rose and oil jumped more than $3 on Wednesday after the U.S. government bailed out cash-strapped American International Group in a dramatic about-face to stem further damage to the global
U.S. authorities engineered an $85 bln rescue of insurance giant American International Group Inc, staving off bankruptcy and bringing a measure of calm to shell-shocked global markets. The bailout, made amid a
Japan's NEC Electronics Corp (6723.T: Quote, Profile, Research, Stock Buzz) and Germany's Elmos Semiconductor AG (ELGG.DE: Quote, Profile, Research, Stock Buzz) said they would jointly develop semiconductor products to better compete in
