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Sustaining success
For a number of years, Cyprus has been considered a popular location for foreign investment. Its status as a former British colony and its stable tax system has proved to be an att... -
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US’ Geithner: TARP to earn healthy profit for US
Plans from Wells Fargo & Co and Citigroup to repay taxpayer funds will put the US government on track to reduce its bailout investments in banks by more than 75 percent, while... -
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Malaysia PM to offer CO2 reductions in Copenhagen
Malaysia’s government will offer “credible” cuts in its emissions of carbon dioxide at the Copenhagen climate change summit in a bid to halt global warming, Prime Minister Na... -
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UK’s Darling says PBR will reassure markets
The Labour government’s plan to halve the budget deficit over four years will soothe market concerns about Britain’s debt burden, finance minister Alistair Darling told reporte... -
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IMF to visit Dubai in coming weeks – Fund official
An International Monetary Fund team will visit Dubai in coming weeks to look closer at the economic impact of the Dubai World debt crisis and actions needed to resolve it, a senior... -
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Bolivia’s Morales needs cash, know-how for bold plans
Bolivia’s President Evo Morales wants to launch state-run paper and cement ventures and develop lithium, petrochemical and iron projects in his second term but a lack of foreign ... -
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OPEC set for no change, oil price holds the key
OPEC is expected to hold output steady when it meets in Luanda at the end of this month, rounding off a year of stable production policy and of robust oil prices. Oil inventories a... -
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Lamborghini braces for tough 2010, China revs up
Lamborghini expects to post a roughly 35 percent slide in 2009 sales as the global economic downturn slams the brakes on spending from even the super-rich, with growth likely to pi... -
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Hopes low on near-term China approval for Hummer deal
Hopes China’s Tengzhong will complete the deal to buy General Motor’s Hummer brand as early as this week appear unlikely to be fulfilled, with the regulator tasked with assessi... -
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Spain’s jobless claims rise again in November
Spain’s registered jobless rose for the fourth consecutive month in November official data showed on Wednesday, and was seen edging higher as the recession weighs and a multi-bil...
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