— Offers 500,000 tickets at €5 in September — Low cost operator Ryanair will launch its Cyprus schedule in November with twice-weekly flights from Belgium’s Charleroi airport, boosting the island’s tourism industry with a potential 30,000 new passengers, primarily young holidaymakers. A senior airline official said Wednesday that the flights would be operated every Wednesday
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Bank of England rate-setters mulled the case for both easing and tightening policy this month before voting eight to one to keep interest rates at a record low of 0.5%, minutes showed on Wednesday. Monetary Policy Committee member Andrew Sentance called for a 25 basis point hike for the third month running, minutes of the
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Mexico slapped tariffs on U.S. pork products on Wednesday, ratcheting up the pressure on the United States in a long-running dispute over Mexican truckers' access to U.S. highways. Mexico published an updated list of U.S. products subject to tariffs, including a 5% tariff on ham and other pork products. The government of President Felipe Calderon
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Greece's tourism receipts have dropped by nearly a quarter in the past two years, central bank data showed on Wednesday, with strikes and violent protests dragging down a key sector already hit by the global crisis. Greece counts on its sun-drenched beaches and historic monuments for nearly a fifth of its economy and a recovery
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Ukraine, one of the world's top grain exporters, on Wednesday delayed a widely expected decision to introduce grain export quotas that would more than halve exports after severe weather ravaged its harvest. It plans to limit wheat exports to 1.5 mln tonnes and barley exports to 1 mln tonnes in September-December. "(The quotas issue) has
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General Motors Co will list its shares on the New York Stock Exchange and Toronto Stock Exchange after its initial public offering, a source familiar with the situation said on Wednesday. The IPO, intended to repay a portion of the automaker's government bailout, has been dubbed "Project Dawn," the source said. The source declined to
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U.S. stocks fell at the open on Wednesday, weighed by underwhelming earnings and as energy shares tracked crude oil futures lower. The Dow Jones industrial average dropped 51.16 points, or 0.49%, to 10,354.69. The Standard & Poor's 500 dipped 4.67 points, or 0.43%, to 1,087.87. The Nasdaq Composite was off 10.57 points, or 0.48%, to
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BHP Billiton, the world's biggest miner, launched a hostile $39 billion (£24.9 billion) bid for Potash Corp after the Canadian fertiliser group's board rejected the world's largest takeover offer this year. BHP Billiton said on Wednesday it was submitting it directly to shareholders and bypassing Potash Corp's board, which a day earlier called the bid
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The yen rose on Wednesday, with traders citing yen buying by Japanese investors and exporters, while the Canadian dollar held gains scored on news of a huge takeover bid by global miner BHP Billiton for Canada's Potash Corp. The yen dipped against the dollar and the euro in early Asian trading, staying on the defensive
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Oil prices fell on Wednesday after an industry report signaled petroleum inventories in top consumer the United States were headed for a record, following an unexpected sharp increase in crude stocks last week. U.S. crude for September delivery fell 0.7 percent, or 55 cents, to $75.22 a barrel by 0715 GMT (3:15 a.m. EDT). ICE
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