Indian commandos freed hostages from Mumbai's Taj Mahal hotel on Thursday but battled on with Islamist militants who launched an audacious attack across India's financial capital, killing more than 100 people. The gunmen arrived by boats in Mumbai on Wednesday, before fanning out and attacking luxury hotels, a landmark cafe, hospitals and a railway station,
More
By Neil Chatterjee and Kevin Lim Wealthy Indians living overseas were shocked by the latest attacks on the country's financial capital, but still see their home country as a good place to invest given its long-term growth potential, bankers said. Joseph Poon, head of Macquarie Private Wealth Asia in Singapore, said both his Indian and
More
Euro zone economic sentiment hit 15-year lows in November and inflation expectations among companies and households fell off a cliff, boosting the case for a bigger than 50-basis-point rate cut by the ECB next week. A monthly European Commission survey showed that growing pessimism in industry and services pulled euro zone economic sentiment down to
More
The number of German unemployed fell in November to its lowest level since 1992, but a 3-1/2 year labour market boom is fading as recession bites in Europe's biggest economy. Adjusted for seasonal variations, the jobless total in Europe's largest economy fell by 10,000 month-on-month to 3.150 million, Federal Labour Office figures showed on Thursday.
More
The interest rate for the quarter 20/09/2008 -19/12/2008 on the Capital Securities 12/2007 issued by Bank of Cyprus Public Company Ltd will be paid on 20th December 2008. The record date for those eligible to the interest payment is 5th December 2008, that is buy transactions that take place before market close of the Cyprus
More
China warned on Thursday its economic downturn was deepening with the spread of the global financial crisis, raising the spectre of job losses and social unrest in the world's most populous nation. The warnings from the country's top planner came a day after China's central bank slashed interest rates by the biggest margin in 11
More
British house prices fell 0.4 percent this month as the credit crisis continues to hit the housing market, but the annual rate of decline eased slightly following October's record drop, a survey showed on Thursday. The Nationwide building society said house prices were 13.9 percent lower than a year ago in November at 158,442 pounds
More
The world's banking system is still not strong enough to support the economy and avoid a recession, the head of Britain's financial regulator told Il Sole 24 Ore newspaper in an interview. Adair Turner added that the two key issues now were bank capital strength and liquidity. "The banking system sadly is still not in
More
Asia stocks posted a fifth day of gains on Thursday, supported by hopes that policy action will ultimately prevail after China slashed borrowing costs, though U.S. data underscored the scale of the global slowdown. Major European stock markets were expected to open as much as 1.4 percent higher, according to financial bookmakers, as investors looked
More
National Bank of Greece, the country's largest lender, said third-quarter net profit was unchanged from the previous two quarters at EUR400 mln, above market expectations. Analysts in a recent Reuters poll were expecting net third-quarter earnings of EUR379.6 mln, on average, with estimates ranging from 372 to 390 million euros. The group, present in Turkey,
More