Asian stocks rose on Monday, snapping a six-day losing streak on optimism that China's banking sector has thrived despite market turmoil and bargain-hunting investors picked over battered shares. However, fears that stagflation
The dollar rose against the euro and the yen on Monday after last week's job data suggested the U.S. economy was not as sickly as some thought, with investors now turning to
The United Arab Emirates has cancelled almost $7 billion of debt including interest and arrears payments owed by Baghdad, becoming the first Gulf Arab country to forgive all of Iraq's debt. The
Goldman Sachs said the European banks sector needs to raise about 60 bln to 90 bln euros, or withhold one year of dividends, to reach an aggregate Tier I ratio of 9%
The ECB increased, as widely expected, the official rates by 25 BP after Thursday’s meeting. As a result, the upcoming weekly refi operations, settled on July 9, will be conducted at a
Cypriot entrepreneurs: Be outward looking Business tycoon Theo Paphitis has decided to set up a commission to study ways with which the private and public sectors can join forces to alleviate one
Traditionally, low risk or risk adverse investors and those that require a regular income have either invested solely in bonds funds or held them as a lion's share within their portfolio. Over
The European Central Bank raised interest rates for the first time in more than a year on Thursday, in a widely expected quarter percentage-point move which took benchmark rates to 4.25%, the
The second quarter 2008 losses of the Cyprus Stock Exchange (CSE) have narrowed to 3%, possibly a sign that the massive decline in equity prices from the start of the year has
Credit conditions in the global integrated oil industry will be stable over the next 12 to 18 months, according to Moody's Investors Service. "We do not expect significant credit rating changes in
