World shares headed for their biggest weekly fall in almost two months on Friday as investors set aside evidence of a broad global economic recovery and worried about an early end to the Federal Reserve's stimulus. U.S. shares could see a slight recovery later according to stock index futures, though only after the Fed worries
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Credit rating agency DBRS started covering Greece with an initial rating of CCC (high) and negative outlook, it said on Friday. DBRS has an important role in the euro zone, where the European Central Bank looks at four agencies – Standard and Poor's, Moody's, Fitch, and DBRS – when deciding on its haircuts, and takes
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Takouhi Devletian, one of the founders of the Girl Guides Association of Cyprus, has died at age 90. A Girl Guide since 1947, Takouhi was instrumental in the establishment of the Association in 1962, soon after the island gained independence, and had been an active member throughout her life. She joined the movement, initially as
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Peace activists traveling on the Japanese “Peace Boat” have conveyed a message of peace and nuclear disarmament during their one day trip to Cyprus. The Japanese “Peace Boat” docked at Limassol Port earlier Thursday for a one day visit, as part of its global voyage itinerary, carrying more than 800 supporters of nuclear disarmament, giving
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The death toll from a car bomb which ripped through the southern Beirut stronghold of Lebanon's militant group Hezbollah rose on Friday to 24, and the government said it was investigating whether the blast was a suicide attack. Interior Minister Marwan Charbel said investigators were checking CCTV footage in the moments before the explosion to
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The Netherlands, outspoken advocate of fiscal pain as a cure for euro zone ills, found itself in unwelcome company this week as the bloc's economic recovery left it among a handful of laggards still in recession. Policymakers in southern states such as Greece and Spain may have had a moment of Schadenfreude when official data
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Asian markets rode a roller-coaster on Friday, with India's rupee hitting a record low, the yuan at an all-time high and Chinese stocks roiled by a likely trading error. The jitters across Asia followed a sharp fall in Wall Street shares as signs of improvement in the U.S. job market and rising inflation stoked expectations
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British retail sales rose at their fastest annual rate in over two years in July as a heat wave boosted sales of barbecue food and outdoor items, adding to signs that third-quarter growth has got off to a strong start. Retail sales volumes jumped 1.1% on the month – almost twice as fast as expected
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The bodies of close to 250 people killed in Egypt's political violence are being held at a mosque in northeast Cairo, witnesses said, indicating the death toll may be higher than the official countrywide total of 460. A Reuters reporter counted 228 bodies, though an exact count was difficult because some were being moved and
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The stars may be aligning for a long-awaited deal between Apple and China Mobile, the world's biggest mobile carrier, that could help the iPhone maker claw back lost ground in its most important growth market. Apple is expected to unveil its redesigned iPhone next month and may also release a cheaper, emerging market smartphone. Crucially,
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