The U.S. economy may have turned a corner after the deepest recession in some 70 years, but Federal Reserve policymakers appear to be in no rush to raise interest rates. The Fed is widely expected to keep its benchmark interest rate where it has been since December — near zero — when it meets this
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World stocks added to the previous week's losses on Monday, hugging one-month lows as investors pulled back from a more than seven month rally and prepared for the eventual withdrawal of stimulative monetary policy. The dollar slipped against major currencies after enjoying its biggest weekly gain since early June. Investors were bracing for a week
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President of the Republic of Cyprus Demetris Christofias and Turkish Cypriot leader Mehmet Ali Talat will meet again on Monday in the framework of the ongoing UN-led direct negotiations for a solution to the Cyprus problem, during which they will continue discussion on the chapter of property. The meeting will start at 1600 local time
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Russian FM Sergei Lavrov will pay a visit to Cyprus November 4-5 at the invitation of his Cypriot counterpart Marcos Kyprianou. A spokesman for the Russian Embassy in Nicosia told CNA that during his visit to the island, Lavrov will be received by Cyprus President Demetris Christofias. He will also hold talks with Kyprianou and
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British manufacturing activity grew at its fastest rate in two years in October as new orders rose at their fastest in almost 6 years and firms started rebuilding their stocks, a survey showed on Monday. The CIPS/Markit purchasing managers index of manufacturing activity rose to 53.7 in October from an upwardly revised 49.9 in September,
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MTV Urge … Yahoo Music Unlimited … Virgin Digital … Since 2003 — when iTunes launched in the United States — all of these digital music services have come and gone, without challenging Apple's market dominance, despite the backing of resource-rich parent companies. Add in all the startups that have crashed and burned in the
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Nokia Oyj will close its battered gaming service N-Gage next year, acknowledging failure in its first major services offering. Nokia is looking for new revenue from online services as its traditional handset market matures, with games and music being the first focus areas. Yet the handset maker's mobile gaming push has encountered major challenges, with
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Britain's top share index was up 0.3 percent early on Monday, as gains in commodity stocks outweighed slight weakness in defensives like pharmaceutical and tobacco stocks. By 0912 GMT, Britain's FTSE 100 was up 16.66 points at 5,061.21 having fallen 1.8 percent on Friday, notching up its largest weekly fall, at 3.8 percent, since March.
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European shares hit a four-week low on Monday, extending the previous session's sharp declines on worries that the stock market had rallied ahead of economic recovery, with banks featuring among top losers. By 0812 GMT, the FTSEurofirst 300 index of top European shares fell 0.9 percent to 968.19 points — the lowest since early October.
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What's in a name? A lot if you're seeking a legal career, with a U.S. study finding that women with male names are more successful lawyers and judges than those with more traditional, feminine names. The study, led by economist Bentley Coffey of Clemson University in South Carolina, looked at the relationship between a person's
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