Britain's top share index ticked higher in early deals on Thursday as gains by banks and miners were countered by weak defensives although signs that the recession was abating in the U.S. provided underlying support. By 0816 GMT, the FTSE 100 index was 7.98 points, or 0.2 percent higher at 3,976.38 after an early peak
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World stocks eked out small gains on Thursday as mixed data from China and the United States reminded investors of the fragility of rebounding economies and markets. The Japanese yen rebounded in a shift from higher-yielding currencies. A day after a mixed set of economic data from the United States, it was China's turn, saying
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Etihad Airways, the national carrier of the United Arab Emirates (UAE), has included the Larnaca International Airport in its flying programme. According to a press release by Etihad Airways, the three flight-a-week service will begin mid June. Etihad will operate a two-class Airbus A320 between Abu Dhabi and Larnaca, configured to carry 140 passengers with
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Cyprus will receive EUR2.4 mln from the European Union 2008 budget surplus amounting to EUR1.79 bln euro that will be returned to member states. According to a European Commission, in 2008, member states' contributions to the European Union budget almost exactly matched agreed spending for the year. With just over 1.5% of the overall EU
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President Barack Obama promised Americans his administration would reform the "monstrous" U.S. tax system as millions faced the dreaded annual deadline on Wednesday for filing income tax returns. Obama used Tax Day, a national ritual of public frustration due to the confusing tax code, to underscore his drive to cut taxes for many Americans while
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By Laurence Fletcher Bankers may rank below journalists among the professions least trusted by Britons, but they refuse to accept all the blame for the worst financial crisis in 70 years. Conceding they have done their fair share in creating the crisis, many of those whose colleagues have been the target of recriminations argue that
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By Raymond Colitt Pedro Ferreira spends his days and nights in a cramped, steamy tunnel under the damp earth of the Amazon rain forest, chipping away at a wall of rock glittering with traces of gold. He is one of nearly a thousand wildcat miners who made a five-day boat journey to this remote jungle
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Belinda Hollins used to consider herself the "queen of subprime." The Kansas City-area mortgage broker rode the boom, then held on through the bust. Now she sees the good times starting to return. "We are so busy. It's crazy," said Hollins, who has worked in the mortgage business for 20 years. "The past two years
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China's economy grew at its slowest rate on record in the first quarter, data on Thursday showed, but stocks rallied on hopes the financial crisis was beginning to loosen its grip on the global economy. Confidence at companies in Japan remained near record low levels, according to a Reuters poll, and comments from major companies
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Asian stocks pulled back from a six-month high on Thursday, while the safe-haven yen jumped against major currencies after China posted its slowest quarterly growth ever in a reminder of the frailty of the global economy. A day after a mixed set of economic data from the United States, it was China's turn, saying its
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