Jorma Ollila, the chairman of Nokia and Shell, said on Wednesday the financial market crisis was near its peak, but there was no clear solution to the situation. "We have approached the
European stocks rose in choppy trade early on Thursday, driven by gains in insurers, while banks capped the market's advances due to uncertainty about when U.S. Congress might pass a $700 bln
Congress looked close to reaching a deal to approve a $700 billion plan to bail out the U.S. financial system and President George W. Bush called an emergency meeting for Thursday to
Asian stocks mostly fell and the U.S. dollar dipped against major currencies on Thursday, pressured by doubts over the U.S. government's proposed $700 billion bailout plan and worries about the economic fallout
The global credit crisis will have a profound impact on Cyprus, but with some delay, as the hard and long process of de-leveraging risk begins, according to a markets expert. Chris Pavlou,
KPMG Cyprus is introducing the “Cost Optimisation” concept to the Cyprus market as the best medicine for corporations to protect themselves from the negative effects of the global credit crisis now playing
Oil rose more than $2 to over $109 a barrel on Wednesday as concerns about U.S. fuel supply outweighed anxiety about the U.S. government's $700 billion plan to rescue the finance industry.
Britain's biggest spread-betting firm IG Group said on Wednesday it had agreed to buy 87.5 percent of Japanese online foreign exchange trading firm FXOnline Japan KK for 112.2 million pounds ($207.7 million).
The U.S. Federal Reserve said on Wednesday that it had set up $30 bln worth of new currency swaps with central banks in Australia and Scandinavia, marking its latest bid to ease
Mobile phone users can expect the cost of sending text messages from abroad in the EU to be much cheaper next summer. The European Commission today proposed to reduce the price of
