Crisis-hit Iceland agreed to begin formal negotiations with the International Monetary Fund (IMF) to request $2 billion in aid, Prime Minister Geir Haarde said on Friday. Iceland's financial system has all but
Cyprus shares ended 7% lower on Friday, joining their peers around the world in diving to record new lows as the plunge in share prices showed no signs of easing. The CSE
The Central Bank of Cyprus announces the issue of a silver collector coin in proof condition, with a nominal value of EUR5 and year of issue 2008. The issue is to commemorate
The Founding General Assembly Meeting of the Cyprus-Czech Republic Business Association took place in Nicosia, with the participation of entrepreneurs. The Cyprus Chamber of Commerce and Industry said the establishment of the
Even as markets tumbled around them, Asian and European leaders expressed confidence on Friday that they could overcome the deepest global financial crisis in more than 70 years. Opening a two-day Asia-Europe
Russia's stock market lost over a tenth of its value on Friday, hitting its lowest levels since late 2004 as a further oil price fall cast fresh doubts over Russia's ability to
An emergency OPEC meeting on Friday reached swift agreement to chop production by 1.5 million barrels per day (bpd) as a first step towards halting a deep oil price slide. International benchmark
British finance minister Alistair Darling said on Friday he was confident the British economy would get through a "difficult period" after data showed the economy shrunk more than expected in the third
Britain's economy shrank, China said the outlook was grim and companies from Japan to France were punished on Friday as a downturn born of the worst financial crisis in 80 years took
European governments are coming under pressure to prop up the job market, as they have the financial sector, to prevent a dramatic rise in unemployment. According to the latest data from Eurostat,
