Gold fell on Wednesday after hitting record highs near $1,630 an ounce, as a broad sell-off of riskier assets prompted bullion investors to take profits amid mounting fears of a U.S. debt
Debt issued by Cyprus will no longer be eligible for use with clearing house LCH.Clearnet's repo service following Moody's move to cut Cyprus' credit rating cut earlier on Wednesday, the company said.
Deutsche Bank, BNP Paribas and HSBC are advising Greece on its planned voluntary swap of privately-held government bonds for longer maturity paper, a finance ministry official told Reuters on Wednesday. Greece's private
Private bank EFG International reported an 18% fall in its first-half core net profit on Wednesday as the strong Swiss franc hit euro and dollar revenues and client inflows fell short of
Gold prices hit a record high of more than $1,625 an ounce on Wednesday and Asian stock markets were largely flat as news out of Washington indicated politicians were making little progress
Analysts expect Boeing Co to report a narrowed quarterly profit on Wednesday, but Wall Street will be looking for executive comments on its high-profile commercial airplane programs. The world's largest aerospace and
Japan could face a power shortage of more than 9% next summer if all its nuclear reactors are shut, media reported on Wednesday. Public concerns about nuclear power flared after a deadly
British cable company Virgin Media lost 36,000 customers in the second quarter, taking its total to 4.78 mln, but those who remained spent more as the company pursued a strategy of selling
The U.S. dollar fell broadly on Tuesday as U.S. lawmakers remained deadlocked over raising the nation's debt ceiling to avoid a devastating default, while U.S. and European shares also declined. Unless lawmakers
Russia will increase by half the amount it spends on modernising and re-arming its ailing military in 2011 compared to last year, Prime Minister Vladimir Putin told defence and finance officials on
