S&P warns Cyprus to take action on economy

Ratings agency Standard & Poor's Corp. warned the Cypriot government Wednesday that its credit rating could be lowered if it doesn't take action to protect the economy against fiscal pressures and the

Continued stable outlook for Omani banks

The outlook for the Omani banking system remains stable, reflecting its remoteness from and relative resilience to the recent global economic turmoil, Moody's Investors Service said in its new Banking System Outlook

BP denies CEO Hayward is leaving

BP Plc on Wednesday denied a report its heavily criticised chief executive would soon leave, after the company lined up $7 bln in asset sales to help pay for the worst oil