Yen under pressure, NZ dollar shines

The yen fell across the board on Thursday, plumbing to a 2-1/2 week low against the dollar as a spike in U.S. bond yields and Moody's affirming the United States' prized triple-A

UK CBI May retail sales worse than expected

British retail sales fell more than expected in May and retailers believe a further deterioration is likely next month, a survey by the Confederation of British Industry showed on Thursday. The CBI's

Cyprus leaders to hold their 30th meeting

President of the Republic of Cyprus Demetris Christofias and Turkish Cypriot leader Mehmet Ali Talat will meet on Thursday morning in the framework of direct negotiations which began last September with a