Asian hedge funds, starved for capital since the financial crisis in 2008, are beginning to make a tactical sojourn to markets abroad, directly chasing clients in the United States and Europe to gather the elusive assets. The move, vital for their survival as most of the assets into the Asian hedge funds are sourced from

Investors showed growing scepticism on Tuesday that euro zone finance ministers will thrash out an agreement soon to beef up a rescue fund as part of measures to end the region's sovereign debt crisis. The ministers showed no indications they were closing in on any firm decisions on Monday. The chairman of euro zone finance

Armenian President Serzh Sargsyan has expressed his country’s will to further deepen its relations with Cyprus, noting that conditions and possibilities to this end exist. He also made a special reference to the Armenian community of Cyprus. Speaking during a meeting with House President Marios Garoyian, Sargsyan reaffirmed his country’s firm positions on the Cyprus

European planemaker Airbus scored a surprise victory in the annual orders race against Boeing and celebrated the 10,000th plane sale in its 40-year history with a $5 billion order from Virgin America. A last-minute surge pushed Airbus past its U.S. rival for a third year as it held onto a net order market share of

China has emerged as a world leader in the manufacture of solar photovoltaic technology, and could soon be the largest supplier of wind turbines, thanks in part to state laws and directives that reward renewable energy equipment companies with cash and tax perks. Those state polices are now under scrutiny. The United States is seeking

Oil slipped on Monday while the dollar strengthened and equities faltered as OPEC said the market was well supplied and inventories should build in the first half of the year. North Sea Brent crude futures on the Intercontinental Exchange (ICE) consolidated around $6 above U.S. crude oil futures and were not far below $100 per

Oil slipped on Monday while the dollar strengthened and equities faltered as OPEC said the market was well supplied and inventories should build in the first half of the year. North Sea Brent crude futures on the Intercontinental Exchange (ICE) consolidated around $6 above U.S. crude oil futures and were not far below $100 per

European equities inched higher in cautious trade on Monday, with investors buying defensive shares such as pharmaceuticals and telecoms ahead of a meeting of finance ministers to increase the euro zone's rescue fund. The European Commission and the European Central Bank called last week for the region to boost the effective capacity of the European

Shares in Piraeus Bank underperformed the Greek bank sector as rights to an 807 mln euros share offering began trading, as it strives to boost its balance sheet to re-enter interbank market. Greece's fourth-largest lender is seeking to strengthen its balance sheet with a 12-for-5 share offering at 1.0 euro each to be better able