British house prices fell by 1.0 percent in January and are 9.4 percent lower than a year earlier, property analysts Hometrack said on Monday in their monthly survey of estate agents. "Purchasers
Investment companies lost a combined EUR 328.28 mln in 2008 in one of the worst performances ever tracked by the Financial Mirror, with the massive 77% drop in equity prices and declines
The ECB is cutting rates and Euribor is heading lower, yet borrowing costs and deposit rates remain stubbornly high in Cyprus. The reasons for this phenomenon are many, according to the CEO
European shares fell to a six-year low early on Friday as investors worried about further losses in the financial sector and data showed the British economy went into recession at the end
Microsoft Corp stunned Wall Street with disappointing results that included plans to slash up to 5,000 jobs and a warning that profit and revenue will almost certainly drop over the next two
Britain went into recession at the end of last year for the first time since 1991, as the economy shrank at its fastest pace in nearly 30 years, official data showed on
Barclays shares slumped for the ninth straight day on Friday as concerns persisted that the bank may require further capital or be nationalised, despite another attempt by its chief executive to calm
The spread of economic gloom to company performance pulled equities sharply lower on Friday, driving European equities below last year's lows, while Britain's formal arrival in recession hit the pound again. Britain
Samsung Electronics posted its first ever quarterly loss as its memory chip and display units buckled under the weight of diving prices, and the technology giant faces even more pain as global
Asian stocks fell 2 percent to a 1-1/2-month low on Friday, weighed by poor corporate results in the technology sector, while the U.S. dollar drifted higher as investors sought refuge from the
