British industrial output rose slightly faster than expected in November, helped by a jump in oil and gas extraction, but manufacturing unexpectedly stagnated for a second month, official data showed on Wednesday. The figures are likely to support expectations that Britain's economy emerged from its deepest recession for more than 50 years at the end
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Stock index futures were slightly higher on Wednesday, but gains were capped as concerns about the Chinese economy pressured commodity prices. Chinese shares fell 3 percent, led lower by banks and property issues, after the government raised bank capital requirements in the clearest sign yet it has started to tighten monetary policy for the world's
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The chief executives of Wall Street's biggest firms, swimming in bonuses but sinking fast in public esteem, will troop to Capitol Hill on Wednesday to face questioning about the global financial crisis. With U.S. unemployment near a 26-year-high after the worst recession in decades, public fury is growing over the crisis, taxpayer bailouts and huge
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The Cyprus Newspaper and Magazine Publishers Association, ENPA – the European Newspaper Publishers’ Association – and the World Association of Newspapers and News Publishers (WAN-IFRA) have condemned the assassination of Andy Hadjicostis, Managing Director of Dias Media Group in Cyprus. The killing by yet unidentified gunmen took place on the evening of Monday, January 11
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Governments' exit strategies from counter-cyclical policies are crucial In the first regular issue of its "European Sovereign Outlook" — entitled "Diverging Conditions Heighten Significance of Exit Strategies" — Moody's Investors Service said that 2010 may prove to be a difficult year for European sovereign debt issuers. The rating agency's view is based on the uncertainties
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The Cyprus-owned E-Clear card payment processor under investigation in the UK over its alleged role leading to the collapse of the Scottish low-fare airline Globespan and Allbury Travel, has been ordered by a High Court judge in the UK to reveal how much money it is holding on behalf of the failed airline by the
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Cypriot tennis player Marcos Baghdatis scored a tidy win over world no. 39 Viktor Troicki at the Sydney Tennis Medibank International with 7-5, 6-3. The Cypriot tennis star will now face Australia’s 22 seed Lleyton Hewitt, who will compete for his fifth Medibank International Sydney title. The match is scheduled to start on Thursday at
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Facebook, the world's No. 1 social networking site, which has been a target of several high-profile cyber attacks in the past year, is giving away security software from McAfee Inc to protect its users. Facebook said on Tuesday its 350 million users can download a free six-month trial of McAfee's Internet Security Suite, which protects
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Google Inc threatened to quit China, the world's biggest Internet market, warning it would no longer tolerate strict censorship of its Google.cn search engine. The threat by the world's leading Internet search provider may win it praise for seemingly putting ethics above business, but give Microsoft and a handful of local rivals an edge in
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The Nikkei stock average fell 1.3 percent on Wednesday on a strong yen and selling of recent big gainers, while resource shares dropped after China tightened monetary conditions, sparking fear of slower demand. China surprised world markets by raising banks' reserve requirements, with an eye towards reining in surging asset prices. Volume on the Tokyo
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