By Emily Kaiser WASHINGTON, March 17 (Reuters) – The U.S. Federal Reserve is poised to cut interest rates again this week while the European Central Bank remains on hold for a while,
HONG KONG/LONDON, March 17 (Reuters) – An emergency rescue of Bear Stearns Co Inc stunned the Wall Street bank’s staff and pummelled financial stocks on Monday amid fears that few banks are
Cypriot President Demetris Christofias has said that after his meeting with Turkish Cypriot leader Mehmet Ali Talat on March 21 it might be possible to announce the opening of a crossing point
By David Brunnstrom BRUSSELS, March 14 (Reuters) – Cyprus’s new President Demetris Christofias said on Friday it would not be possible to make progress this month on restarting reunification talks if the
ATHENS, March 14 (Reuters) – An earthquake shook southern Greece on Friday but there were no reports of damage or injuries, Greek authorities said. The Athens Geodynamic Institute said the quake, which
Unwinding global economic imbalances without too much pain will need some fall in the currencies of countries with big trade deficits, Bank of England Deputy Governor John Gieve said on Friday. “If
By Paul Taylor and Ingrid Melander European Union leaders reaffirmed ambitious goals to combat climate change on Friday but stressed they must be affordable for governments and industry at a time of
The dollar touched new lows against major currencies before recovering slightly on Friday while global stocks were mixed as investors worried about the deteriorating U.S. economy and overall stress in credit markets.
The U.S. Senate passed a budget plan on Friday to eliminate the federal deficit by 2012 while spending more than President George W. Bush wants on domestic programs like schools and roads.
The dollar fell to fresh 12-1/2-year low against the yen and a record low against the euro on Friday after Bear Stearns said its liquidity position had deteriorated, increasing fear of a
