Greek Foreign Minister to visit Cyprus

Greek Minister of Foreign Affairs Demetris Droutsas will be visiting Cyprus on February 14, to discuss developments in the Cyprus problem and the next steps in the process for a solution. Droutsas

Asia moves up a gear in fighting inflation

If South Korea raises interest rates on Friday, three of Asia's biggest economies will have tightened policy within a week, challenging the assumption that central banks lack the stomach to combat inflation.

Bernanke warns against steep U.S. budget cuts

Federal Reserve Chairman Ben Bernanke on Wednesday warned against sharp cuts in U.S. spending at a time when the economic recovery is still fragile enough to require extraordinary support from the central

Dollar subdued after cautious Fed

Asian stock markets fell on Thursday, while the dollar struggled to make much headway after the U.S. central bank chief signalled the recovery in the world's biggest economy was still fragile and

Weber not a candidate for ECB presidency

Bundesbank chief Axel Weber is not a candidate to succeed European Central Bank President Jean-Claude Trichet, two European sources told Reuters on Wednesday. "Weber's ECB candidacy is no longer on the agenda,"