Citi to repay U.S. government funds

Citigroup laid out a plan to repay the money it owes the U.S. government, including issuing $17 billion of stock immediately, as the bank looks to end the executive pay restrictions that

Cyprus unemployment rises to 5.4% in Q3

The unemployment rate amounted climbed to 5.4% of the labour force in the third quarter of 2009, according to the latest Labour Force Survey, compared with just 3.6% in the same quarter

EU pressures IMF over financial transaction tax

The European Union increased pressure on the International Monetary Fund on Friday to consider a global tax on financial transactions to limit the risk of another economic crisis. Responding to public outrage