President of Socialist International and President of main Greek opposition PASOK party George Papandreou has met UN Secretary General Ban Ki-moon, with whom he discussed the Cyprus issue. In statements after the
Turnover in the Cypriot automotive sector was more or less flat in real terms in the first half of 2008. The index of turnover value for the sale and repair of motor
U.S. lawmakers have "taken leave of their senses" by rejecting a $700 billion financial bailout plan, European Union Trade Commissioner Peter Mandelson said on Monday. The U.S. House of Representatives earlier voted
Federal Reserve monetary policy over the long run must be aimed at maintaining the U.S. dollar's value by focusing on keeping inflation low, Kansas City Fed President Thomas Hoenig said on Monday.
President Nicolas Sarkozy repeated on Monday a pledge to protect French bank deposits from any losses in the financial market crisis, and called a meeting of bank and insurance bosses to discuss
BRUSSELS, Sept 29 (Reuters) – The European Commission said on Monday it was confident that measures by the Belgian, Dutch and Luxembourg states in a rescue of financial services group Fortis would
European central banks joined Asian counterparts in pumping more cash into paralysed money markets on Monday, but commercial banks preferred to hoard cash rather than lend to each other as the financial
Greek Cypriots and Turkish Cypriots will have to jointly face the problem of water shortage on the island when the Cyprus problem is solved, Cypriot President Demetris Christofias has said. Invited to
A swathe of bank rescue deals took shape around Europe on Monday and fear gripped financial markets before a U.S. lawmaker vote to push through a $700 billion fund to deal with
Oil fell more than $3 a barrel on Monday, pressured by gains in the U.S. dollar as well as signs the financial crisis is spreading beyond the United States to Europe. Benelux
