Iceland will “honour its obligations” over the more than $5bn owed to Britain and the Netherlands that was lost in failed savings banks, President Olafur Grimsson told reporters. The Icelandic par...
Alluding to recent calls to revamp the global monetary system to reduce the dominant role of the dollar, Sarkozy said that disparities between the two currencies posed a “considerable problem.” Th...
European shares hit a new 15-month peak in early trading on Wednesday, led higher by financials and miners, with investors waiting for more macro-economic data later in the session for clearer market ...
Japanese Finance Minister Hirohisa Fujii left financial markets guessing on Tuesday on whether he will remain in the post, saying he was still waiting for test results after being hospitalised last we...
Financial markets kicked off 2010 on an upbeat note on Monday with world stocks close to 15-month highs on hopes for a sustainable economic recovery. The dollar was slightly weaker against a basket of...
Investors who kept faith in Asia as the world teetered on the brink of financial meltdown a year ago have been richly rewarded – the region’s markets rode out the storm in spectacular style and po...
They are rare, beautiful, valuable and a girl’s best friend but traditionally diamonds have not been considered an asset class in their own right. They do not share the “haven” status of gold an...
The resistance to mandatory bonus caps for bankers’ bonuses was as inevitable as the public clamour to strip these “fat cats” down to size. In the end – after much politicking worldwide – th...
The events that led to the landmark judgment unfolded in the local authority of Vaxholm, Sweden. There, a Latvian construction company Laval un Partneri had won a contract to refurbish a school and po...