The yen crept higher on Thursday but the market was on the alert for more intervention by Japanese authorities after a massive amount of yen-selling the previous day knocked the yen off
A fiscal consolidation package to plug Cyprus's financing gap could include increases in taxation for Cypriot companies and banks, Finance Minister Charilaos Stavrakis said on Thursday. Stavrakis said the government was in
Annual harmonised inflation rose in Cyprus in August 2010, reaching 3.4%, compared to 2.7% in July, according to data released by Eurostat. Euro area annual inflation was 1.6% in August 2010, down
U.S. industrial output rose at a slower pace in August and a measure of New York state business conditions slipped to the lowest level in more than a year, according to data
Wall Street fell at the open on Wednesday as investors consolidated recent gains after a gauge of regional manufacturing unexpectedly fell in September. The Dow Jones industrial average was down 45.64 points,
Britain's central bank stands ready to act if the economic recovery turns out to be weaker than expected, Bank of England Governor Mervyn King told trade unions in a speech on Wednesday.
Japan intervened in the currency markets on Wednesday to sell yen for the first time in six years and promised more to come in a bid to stop its relentless rise from
Afghanistan's ailing Kabulbank paid its top two directors and shareholders, currently under investigation for banking fraud, $500,000 each in bonuses in 2009, according to an independent audit earlier this year. Afghanistan's Central
Russia and Norway ended a 40-year dispute in signing an Arctic border treaty on Wednesday which opens the door to offshore oil and gas exploration. President Dmitry Medvedev and Norway's Prime Minister
The government has made the necessary steps to solve the problem of water shortage, an issue which has been affecting Cyprus for decades, President of the Republic of Cyprus Demetris Christofias has
