Dollar hits 6-month high

The dollar hit a six-month high against a basket of major currencies on Tuesday, benefiting from weakness in commodities, as investors looked beyond U.S. growth worries to a slowing global economy. The

Cyprus protests Turkish violations to UN

Cyprus has protested to the UN new violations of its airspace and Nicosia FIR (Flight Information Region) by Turkish fighter jets. According to an official press release, a letter dated 1 August

SEC working on short-selling proposals

The U.S. Securities and Exchange Commission is working to unveil a proposal next month that would permanently tighten existing rules for short selling, the New York Post said citing people in talks

Russia orders halt to war in Georgia

Russian President Dmitry Medvedev ordered a halt to military operations in Georgia on Tuesday, after five days of fighting and just before French President Nicolas Sarkozy was to hold peace talks in

UK house prices fall, sales at record low

British house prices fell a little less than expected in July but sales per real estate firm hit a record low and retail sales weakened again, reports showed on Tuesday, reinforcing evidence