Asian stocks pared declines on Friday but still rounded off a week of losses as persistent worries over whether the U.S. economy may suffer another recession kept investors dour. The cautious tone is expected to echo in European markets as well, with major stock indices opening lower by between 0.2 to 0.5%. Shaken by the

Any solution provided by Research in Motion, makers of BlackBerry smartphones, must pass through field trials to satisfy India's security concerns, a senior government source said on Friday. RIM on Thursday offered to lead an industry forum to look at India's need to have "lawful access" to its encrypted mail and messenger in an effort

Spain's Iberia posted a narrower than expected first-half operating loss on Friday as improving business travel and air cargo demand eased the negative impact of a volcanic ash cloud in April. Iberia, which plans to merge with British Airways before the end of the year, said it had lost 72 mln euros in the six

75% of Europeans think that stronger coordination of economic and financial policies among EU Member States would be effective in fighting the economic crisis, according to the Spring 2010 Eurobarometer, the bi-annual opinion poll organised by the EU. The survey was conducted in May – at the height of the European debt crisis – and

Cyprus business sentiment improved in August in line with an increase in economic sentiment, a survey showed on Tuesday. The economic sentiment indicator (ESI) rose 2 points to 73 units in August compared with July's reading. The improvement was attributed mainly to an upturn in sentiment in the services sector in light of current and

Cyprus -followed by Germany, The Netherlands and Russia – is the biggest investor in the Ukrainian economy, according to data for the first half of 2010. Investment influx has been increasing and during the same period investments from Cyprus increased to 486 million dollars whereas investments from Russia rose to 200 million. According to the

Fugitive tycoon Asil Nadir is flying back from the Turkish occupied Cyprus to Britain on Thursday in order to face multi-million fraud charges from which he fled after the collapse of his Polly Peck empire 17 years ago. Accompanied by his London lawyers and close family members, he will prepare to appear before the Old

Asian stocks rose on Thursday as investors hunted for bargains among recently beaten-down shares, while the yen pulled further away from 15-year highs as investors wondered whether Japanese officials would take fresh steps to curb the currency's strength and spur economic growth. But concern about exposure to riskier assets continued to weigh on markets after

The yen slipped further from a 15-year high against the dollar as investors wait to see if Japanese authorities will go beyond trying to just talk down the currency. The greenback was under pressure after U.S. data on Wednesday heightened fears the world's biggest economy is at risk of another downturn. New home sales slumped

Several European Union member states will try to pressure the European Commission on Thursday to scrap plans for a new tax next month on Chinese fibreglass used in the clean technology sector, EU diplomats told Reuters. A special gathering of a secretive EU trade committee — requested by Germany — will deliberate whether the Commission