CYPRUS GOURMET: Wine Competition results

Maratheftiko, newcomers leave their mark The fourth annual Cyprus Wine Competition was concluded last Saturday and the awards were presented at a Gala Dinner at the Grand Resort, Limassol. 32 wineries submitted

Orchard St eyes troubled property loan deals

By Daryl Loo Orchard Street Investment Management is planning to spend millions of pounds to buy majority stakes in properties with troubled mortgages, seeking hefty returns through restructuring deals with banks. The

EU haggles while Fed drops cash bomb

By Paul Taylor They're at it again. European Union leaders are bickering about how to spend a small fraction of their economic stimulus effort while the U.S. Federal Reserve is boldly throwing

US Congress weighing ways to recoup AIG bonuses

Scenarios being considered U.S. lawmakers are proposing various options to try to recoup millions of dollars in bonuses paid to executives of insurer American International Group Inc <AIG.N> after it got billions

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