Oil steadied near $119 a barrel on Wednesday but not far off a three-month low hit due to concerns that demand will suffer from an economic slowdown, as the market awaited data
LONDON, Aug 6 (Reuters) – World stocks edged higher on Wednesday after the Federal Reserve signalled it was in no rush to raise interest rates, while encouraging results from the financial sector
The pound will weaken against the dollar in the coming year and stay below $2 on expectations of interest rate cuts in 2009 and as the chances of a British recession increase,
Companies that are due to begin their International Financial Reporting Standards (IFRS) conversion projects over the next couple of years could be underestimating the full extent of what this entails, according to
Standard & Poor's Ratings Services said that it revised its Banking Industry Country Risk Assessment (BICRA) on The Russian Federation to Group 7 from Group 8. (See "Banking Industry Country Risk Assessment
Louis Cruise Lines has concluded a deal to buy the 731-berth Norwegian Majesty from Star Cruises at a cost of EUR 103 mln (USD 162 mln), and will add the Norwegian Dream
Capital Intelligence, the international credit rating agency, has revised the outlook on Lebanon’s B-minus long-term foreign and local currency ratings to ‘stable’ from ‘negative’. The outlook on the B-minus long-term foreign currency
Moody's Investors Service reported in its UK Credit Card Index Report that the UK credit card ABS sector may witness deterioration over the coming months despite relatively stable credit card indicators reported
Austrian-based energy giant OMV has revokes its intention published last September to make an offer to shareholders of Hungary’s MOL after the European Commission indicated that it would not accept commitments that
Motorola, Inc. announced it has signed multiple contracts worth US $431 mln with China Mobile Communications Corporation (CMCC) for its GSM network upgrades and expansion. The contracts were signed in the first
