JPMorgan Chase & Co incurred losses of about $1.5 bln for the quarter to date, as it continued to be hurt by wider credit spreads, lower levels of liquidity, as well as
Swiss bank UBS AG will separate its business into three autonomous units after it identified weaknesses in its integrated one-bank strategy, it said, after posting a worse-than-expected second quarter loss of around
Minister of Education and Culture Andreas Demetriou participated in the 4th Commonwealth Sports Ministers Meeting, in Beijing on 9 August, on the occasion of the 2008 Olympic Games. Demetriou is accompanying the
The U.S. dollar rallied to a five-and-a-half month high against the euro on Monday, boosted by another drop in crude oil prices and speculation that the slowdown blighting the U.S. economy was
The Nikkei average fell 1 percent on Tuesday as Nippon Steel and other stocks seen linked to growth in emerging economies tumbled on concern about slowing growth in China. Metal shares such
Gold tumbled to its weakest in almost eight months in volatile trade on Tuesday, losing its safe haven appeal as investors shifted some of their money back into the U.S. dollar and
India's state-owned phone company's plans to raise $10 billion in the biggest local IPO must overcome waning foreign investor interest in a country whose share markets have dropped by a quarter this
Sumeet Desai The world may have changed on August 9 last year as the credit crunch first bit, and even some policymakers are beginning to question whether the way they work out
LONDON (Reuters) – The cost of taking out the most popular type of fixed-rate mortgage fell last month for the first time since February, Bank of England data showed on Monday. The
Registrations of motor vehicles in Cyprus rebounded in July, rising by 18.2% over the same month of 2007 to 7,077. This brought total registrations of motor vehicles to 42,303 in January –
