Fed earned $45 billion in 2009: report

The Federal Reserve made record profits in 2009 and will return $45 billion to the Treasury, after its efforts to prop up the economy created a windfall for the government, the Washington

China central bank steps up cash drain

China's central bank signaled in its open market operations that it was tightening monetary conditions at a faster-than-expected pace in response to increasing concerns about the economy overheating. Investors globally are following

Cyprus MEP Kasoulides joins EU think tanks

Euro MP Ioannis Kasoulides has joined two European think tanks that focus on democracy and cultural diplomacy. He is now a board member of the European Popular Party’s Robert Schuman Foundation, currently

Cyprus army runaways find loophole in law

Socialist Edek party leader and House Defence Committee Chairman Yiannakis Omirou said that many young men are evading their national service due to a loophole in the law. Commenting on new reports