Asian shares were capped on Monday as investors' concerns about the fiscal crisis in the United States and Greece's bailout programme dented optimism over the growth prospects of the world's two largest
The Greek parliament approved an austerity budget for next year on Sunday, allowing it to extend its international financial bailout and avoid bankruptcy. With backing from all three parties in conservative Prime
Seven members of an elite U.S. Navy SEAL team, including one who participated in the raid that killed al Qaeda leader Osama bin Laden, have been reprimanded for disclosing classified material while
Asian shares extended losses on Friday as markets fretted over the U.S. fiscal cliff and the risk of it tipping the world's largest economy into recession, as well as ongoing doubts about
The trading arm of Russia's Gazprom is testing a new liquefied natural gas (LNG) trade route between Europe and energy-hungry markets in Asia as shrinking sea-ice opens Arctic waters to marine traffic.
The U.S. trade deficit unexpectedly narrowed in September due to a sharp rise in exports, suggesting global demand for U.S. goods was holding up despite the debt crisis in Europe. Other data
Egypt's tetchy negotiations with the IMF on slashing subsidies as a part of a loan deal reflect a far broader fiscal and social conundrum in the region, raising the stakes for investors.
Greece's construction sector contracted by more than a quarter in August compared with a year earlier, data showed on Thursday, continuing a slump that is deepening the country's worst peacetime downturn after
Greece has moved a step away from bankruptcy with parliament's approval of new reforms, but its debt pile still threatens its solvency and its international creditors have yet to agree even how
Coca-Cola Hellenic (CCH) , the world's second-largest bottler of Coca-Cola Co. soft drinks, posted a 12% drop in nine-month profit, hurt by austerity in its debt-laden markets, higher commodity costs and currency
