Bernanke backs quick U.S. fiscal stimulus

Federal Reserve Chairman Ben Bernanke on Thursday threw his support behind efforts to craft a fiscal stimulus package and repeated that the U.S. central bank was ready to act aggressively to counter

US housing starts at slowest since 1991

NEW YORK (Reuters) – Ground-breaking on new U.S. homes last month fell to the slowest pace since 1991 and fewer building permits were issued than any time since 1993, according to government

Asian stocks gain, but China declines

Asian stocks rose led by technology companies and Japanese property developers, after Merrill Lynch & Co. raised its rating on Samsung Electronics Co. and UBS AG said a drop in real-estate companies

Cyprus to set up Energy Centre

Cyprus, as an EU member state and having harmonised its legal framework with the European directives, provides a stable business environment for potential investors, President Tassos Papadopoulos said, adding that the Government