Construction works for a private oil terminal will begin January and be concluded in one year. According to a press release, VTTI, the 50/50 joint venture between major energy trader Vitol and
Researchers in Cyprus have discovered trace levels of pharmaceuticals in the water supply as a result of a pill-popping culture which makes Cypriots one of the leading EU consumers of antibiotics. At
The euro zone needs a comprehensive solution to the debt crisis rocking the group and must avoid a country-by-country approach, the head of the International Monetary Fund said on Tuesday. Dominique Strauss-Kahn's
Germany has rejected the idea of a common euro zone bond without studying the proposal in detail, Jean-Claude Juncker, the chairman of the eurogroup of countries was quoted as saying on Wednesday.
The U.S. government sold off its remaining shares in Citigroup Inc on Monday for $4.35 each, marking an exit from ownership in the bailed-out banking giant with a $12 bln gross profit
China is likely to raise interest rates in the coming days in a demonstration of the government's resolve to tame inflation, an official newspaper said on Tuesday. In a banner headline across
The idea of euro area bonds is intellectually attractive but the European Financial Stability Facility is the mechanism for handling economic crises, the EU commissioner for monetary affairs said on Monday. Speaking
The European Central Bank will continue to play a significant but supportive role in the battle to calm Europe's debt crisis and is attempting to normalise market turbulence where it exists, Governing
Germany on Monday rejected the idea of increasing the size of the European Union's safety net and ruled out a proposal to issue a joint euro zone bond, but said it stood
As the Federal Reserve tries to counter suspicion of its latest $600 billion stimulus plan, it is making a concerted, if awkward, effort to raise the chairman's profile and harmonize the often-dissonant
