India's currency cartwheeled to historic lows on Monday while markets in Indonesia took a spill, evidence of how rising U.S. yields are making it harder for emerging nations to fund their current account deficits. The turbulence heightened investor caution ahead of Wednesday's minutes of the Federal Reserve's last policy meeting, with many fearing they might
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Greece dismissed the chairman of its privatisation agency after a newspaper exposed how he used the private plane of a businessman who had just bought a state company to go on holiday. Stelios Stavridis is the second head of HRADF to leave in less than six months, reigniting controversy around Greece's ailing privatisation programme which
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Britons are finding it increasingly easy to get unsecured loans and remain in a mood to spend, according to survey on Monday that highlights the role credit is playing the country's recovery. Survey compiler Markit said households' perceptions of credit availability rise to 48.4 in August from 47.7 in July. That was the third consecutive
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A blend of past and present holds the key this week to gauging global economic prospects. Month-old minutes from the Federal Reserve could offer hints on when the U.S. central bank will scale back its extraordinary stimulus and up-to-date sentiment indicators will help track momentum in the reviving euro zone. The single currency area ended
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Greece will lift restrictions on home foreclosures to allow banks to recover bad loans, the finance minister has said, adding fuel to a row that may test the cohesion of its fragile coalition government. Cash-strapped banks are currently barred from auctioning most first homes owned by delinquent borrowers, under a temporary measure introduced in 2010
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The Council of Europe team of experts against money laundering, MONEYVAL, indirectly praises the Cypriot authorities for their efficiency in cases of suspicious financial transactions that were attempted through Cypriot banks. The references to Cyprus are included in a 56-page research report produced by a team of experts, issued by MONEYVAL on 19 July 2013,
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The government, in spite of the country’s economic problems, will not neglect sustainable development in rural areas, Agriculture, Natural Resources and the Environment Minister Nikos Kouyialis has said, adding that the prosperity of the Cypriot farmer is also an important factor in agricultural policy. Speaking at a local summer festival in the village of Kalepia,
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Supporters of deposed Egyptian President Mohamed Mursi exchanged gunfire with security forces inside a Cairo mosque on Saturday, Reuters witnesses said. The gunmen opened fire on security forces from a second floor window in the Fath mosque, where hundreds of Mursi supporters have been taking refuge since protests turned violent on Friday. Mursi's Muslim Brotherhood
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Swedish high jumper Emma Green-Tregaro, who painted her fingernails in the colours of the rainbow flag in support of Russia's gay community, has been told not to repeat the gesture in Saturday's world championship final. "We have been informally approached by the IAAF (International Association of Athletics Federations) saying that this is by definition, a
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Israel has looked on at upheaval in Egypt largely in silence, keen to avoid disrupting strategic security cooperation with a military it sees as critical to curbing attacks by Islamist militants in neighbouring Sinai, officials and analysts said. Prime Minister Benjamin Netanyahu had aides instruct cabinet ministers to avoid public comment about Egypt, according to
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