The dollar and euro rose broadly on Friday benefiting from a steep slide in sterling after data showed the British economy was still mired in recession in the third quarter, confounding expectations
Russia plans to sell as much as 50 tonnes of gold this year to help plug a budget deficit in the first major bullion sales by its precious metals repository since the
Britain's economy contracted unexpectedly in the third quarter of this year, squashing hopes of an end to the downturn and instead making the current recession the longest on record, official data showed
Europe and Latin America Department Director of the UN Peace Operations Department David Harland and the official responsible for Cyprus at the same UN Department are paying a visit to Cyprus this
The European Commission has approved under European Community Treaty state aid rules a Cypriot scheme using special government bonds to reinforce stability in financial markets and mitigate the effects of the crisis.
The number of U.S. workers filing new claims for unemployment benefits rose more than expected last week, data showed on Thursday, indicating the labor market remains fragile despite signs of economic revival.
Central banks that worked hand in hand with governments to contain the financial crisis may succumb to political pressure and delay unwinding ultra-loose monetary policy, risking igniting inflation and speculative bubbles. With
Gauging the strength of Britain's recovery will be difficult for some time and measures are needed to temper "exuberance" in the banking sector, the Bank of England's deputy governor said in an
Prospects for companies that provide services for oil and gas producers were lifted on Thursday when Norway's Aker Solutions' third-quarter topped forecasts and Britain's Petrofac saw healthy activity. The oilfield services sector
The price index of construction materials for September 2009 reached 117.83 (base year 2005=100.00), recording an increase of 0.34% over the previous month. However, compared with the same period of the previous
