Crude oil prices dropped sharply for a second day on Wednesday after a U.S. government report showed a surprise increase in inventories and continued weak demand in the world's top consumer nation.
Inflation accelerated in June to its fastest rate since the aftermath of Hurricane Katrina in 2005 while workers' earnings slumped, compounding the stagflationary dilemma facing the Federal Reserve. A separate report showed
Cyprus Foreign Minister Marcos Kyprianou is paying a two-day official visit to Lebanon. Kyprianou will discuss with his Lebanese counterpart Fawzi Salloukh the two countries bilateral relations, the Cyprus question and developments
by Thanasis Avgerinos Patriarch of Moscow and All Russias Alexios II has assured that the Russian Church and the Russian people support efforts for a united Cyprus and share the pain of
Euro seen heading to $1.5700 The inability of the euro on Wednesday to break above 1.5948, combined with a major slide in the oil price pushed the euro sharply lower against the
The dollar rose on Thursday, moving further from a record low against the euro, as a slide in oil prices and surprisingly strong earnings at Wells Fargo & Co soothed fears about
By Mark Weinraub The price was higher than Bill Boyd wanted to pay and still rising, but it didn't really matter. He needed a combine harvester. He lost most of his farm
LONDON, July 17 (Reuters) – Index futures for top European stock benchmarks pointed to a strong open on Thursday, tracking gains in the United States and Asia. DJ Euro Stoxx 50 futures
Asian stocks rallied on Thursday, propelled by the biggest surge in U.S. bank shares in 16 years and a sharp drop in oil prices, easing the worst fears about the global credit
The global food crisis is largely responsible for driving up the United Nations' need for funding to confront disasters and emergencies around the world this year by one-fifth, the U.N. said on
