Shanghai shares extended losses on Wednesday, following a slump driven by tight market liquidity as a major initial public offering loomed. The benchmark index was on course to post a nearly 27%
European Central Bank officials scrambled to reassure nervous markets on Tuesday that the expiry of nearly half a trillion euros of emergency loans would not hurt the banking system, though they acknowledged
The Bank of England should be careful not to tighten monetary policy too soon as inflation is likely to fall and the risk of deflation has not disappeared, policymaker Paul Fisher said
British mortgage approvals were unexpectedly flat on the month in May, though both net mortgage lending and consumer credit grew faster than expected, Bank of England figures showed on Tuesday. The Bank
High levels of foreign currency (FX) lending have been and will remain a constraint on many bank ratings in the Commonwealth of Independent States (CIS) and in Central and Eastern Europe (CEE),
Secretary General of the United Nations Ban Ki-moon has encouraged the Turkish Cypriot leader Dervis Eroglu “to grasp the current political window of opportunity to reach a settlement”. The UN Secretary General
Cyprus provides an ideal environment for UK companies to grow and expand their business activities, Minister of Commerce, Industry and Tourism Antonis Paschalides has said. Addressing in London a seminar on ''The
The Group of Eight rich nations can still serve a purpose by dealing with strategic issues, while leaving global economic management more to the wider Group of 20, British Prime Minister David
Greek workers stage a new 24-hour strike on Tuesday that will gauge public discontent with government austerity measures, including a radical pension reform aimed at helping the country solve its huge debt
Asian stocks fell on Tuesday and were on course for their worst quarterly performance since the end of 2008, while funding concerns in the euro zone sent the single currency tumbling to
