World stocks fell towards this week's 21-month low and the dollar approached a record low versus the euro on Wednesday as investors nursed acute worries about the financial sector. U.S. crude oil
Cyprus wants to become a key financial booking centre for investments from China into the EU and vice-versa, similar to the way it acts for Russia, the Ukraine and other countries. Cyprus
Cypriot Finance Minister Charilaos Stavrakis remains adamant that despite the decline in tax revenue, the country will still manage to report a 0.1-0.6% of GDP budget surplus for 2008, or in numerical
The number of Britons out of work and claiming benefits rose for a fifth month running in June and by its largest amount since the slump of the early 1990s, in a
European shares slipped on Wednesday after an early rally in banks ended and analysts warned persistent concern over the economy and the corporate sector would likely keep the broader market under pressure.
The International Monetary Fund is sticking to its estimate that losses on U.S. assets from the subprime crisis and its wider fallout would be about $1 trln despite fresh U.S. banking problems
Goldman Sachs has been questioned by chiefs of rivals Bear Stearns Cos and Lehman Brothers about speculation that the securities firm had a role in putting pressure on their firms' stocks, the
Sony Corp said it would rent and sell movies and TV shows over the Internet for its PlayStation 3 video game console and double the hard drive capacity of its main PS3
Riding the success of its popular Wii video game console, Nintendo Co Ltd on Tuesday unveiled fresh titles for gamers to throw frisbees and rock on, while rival Sony Corp turned to
Time Warner Inc's discussions to merge or sell its AOL Internet division with Microsoft Corp or Yahoo Inc have taken on new urgency ahead of Yahoo's Aug 1 shareholders meeting, a source
