French-inspired plans to create an "economic government" for the euro zone took a step forward on Wednesday when European Council President Herman Van Rompuy threw his weight behind the idea. The move
Disagreements over how quickly to reduce billowing budget deficits and restore balance to the global economy risk straining high-level Group of 20 talks starting on Thursday. A plunge in the euro and
House prices in Britain rose by 0.5 percent in May, half the rate of the previous two months but enough to lift property values within 10 percent of their 2007 peak, a
Two Greek banks are looking for buyers, who could be from across the Aegean in Turkey, according to a Turkish investment banker working on a possible deal. "We have a mandate from
Moody's Investors Service has downgraded the local and foreign currency deposit ratings of Commercial Bank of Dubai PJSC (CBD) by one notch to A3/Prime-2 from A2/Prime-1. At the same time, it has
President Demetris Christofias has said that the forthcoming visit of Pope Benedict XVI to Cyprus is a turning point in relations between the peoples of Cyprus and Italy. The visit, the President
Manufacturing growth slowed across the globe in May but there was some relief in the United States where there was scant evidence of any impending slump caused by Europe's debt crisis. Purchasing
The euro rose on Wednesday after some of the world's biggest central banks said they would not stop investing in the single currency, while world equities and commodity prices fell. The yen
Unemployment in Cyprus reached 6.8% of the active population in April, compared to 6.7% in March, according to figures released on Tuesday by Eurostat. The figures indicated a 6.9% unemployment rate among
Euro zone unemployment rose to its highest level in almost 12 years in April but a drop in the number of jobless in Germany in May signalled the labour market could be
