Congressional leaders agreed on a deal to authorize the biggest banking rescue in US history. – The $700 billion in buying power would be doled out by Congress in stages. After the
British lender Bradford & Bingley's branch network and deposit business will be sold to Spain's Banco Santander, and the remainder of the group would be nationalised, the UK government said. B&B's branch
President of the Republic of Cyprus Demetris Christofias held, on the sidelines of the UN General Assembly in New York, two separate meetings with the Presidents of Armenia and Serbia. President Christofias
Turkish Cypriot leader Mehmet Ali Talat called for a resolution by the end of the year to the division of Cyprus, saying the passage of time was making a deal more difficult.
Benelux financial group Fortis underwent a shotgun nationalisation on Sunday after emergency talks with European Central Bank President Jean-Claude Trichet to prevent U.S.-style financial contagion engulfing one of Europe's top 20 banks.
Thomas Cook, Europe's second-biggest travel firm, said it had withdrawn from talks over a potential merger of its airline Condor, with TUI Travel's TUIfly and Lufthansa's Germanwings. Thomas Cook also said trading
The U.S. economy grew less strongly than previously thought during the second quarter as consumers boosted spending less vigorously and businesses trimmed some investments, a sign confidence was sagging even before financial
Oil was down around $2 on Friday, pressured by concerns over the financial market crisis after talks between U.S. politicians on a bailout package stalled. The $700 billion deal to rescue the
The Mall of Cyprus, the biggest shopping mall of Cyprus is celebrating its first Anniversary with a big bang and host of events to mark the occasion with visionary entrepreneur Nicos Shacolas
France said on Friday it would fail to meet deficit goals agreed with the European Union, with rising debt and slowing growth leaving President Nicolas Sarkozy little room to boost the flagging
