Cyprus successfully concluded its 10-year euro bond issue, raising EUR 1 bln at a coupon rate of 4.625% for 10-years, or at a 125 basis points spread over comparable German bunds. The
British retail sales volumes unexpectedly fell at their sharpest annual pace in 5 months in January as freezing weather and the reversal of the VAT cut depressed demand, a survey showed on
The Bank of England may find it difficult to keep inflation on target as long as import and services prices keep rising strongly, Monetary Policy Committee member Andrew Sentance said on Wednesday.
The United Kingdom ''welcomes the intensification of negotiations in search of an agreed settlement for the benefit of all Cypriots'' and ''urges all parties to approach the negotiations in a spirit of
The leaders of the two communities in Cyprus, President of Cyprus Demetris Christofias and Turkish Cypriot leader Mehmet Ali Talat, continue here today their discussions on governance and power sharing, as part
U.S. Treasury Secretary Timothy Geithner denied any role in disclosures about American International Group's payments to banks and defended his decisions as New York Federal Reserve chief to pay full price to
The U.S. budget deficit for the current fiscal year will come in at $1.3 trillion, down slightly from the record $1.4 trillion deficit posted last year, the nonpartisan Congressional Budget Office said
U.S. home prices slipped in November and were softer than expected in the latest sign that a rebound in the U.S. housing market is still tenuous, according to Standard & Poor's/Case-Shiller indexes
Britain needs a safer and more robust banking system, central bankers said on Tuesday, saying U.S. President Barack Obama's plans for a drastic bank sector overhaul were part of a much needed
Oil fell towards $74 a barrel on Tuesday after China implemented a clampdown on lending, rekindling concern that tightening moves by the world's second-largest oil user may limit demand. Crude approached a
