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Interview with WL Ross Co. Chairman & CEO (Video)

August 8th, 2014 (0)
Wilbur Ross talking to Fox Business explains how Tourism will boost Cyprus’ economy. The full interview is available at the following video:

Japan stocks sink 3% on global tensions

August 8th, 2014 (0)
U.S. stock futures were seeing red on Friday as stocks in Japan traded sharply lower. Jitters over the crises in Iraq and Ukraine appeared to be denting investor sentiment. Japan’s Nikkei 225 index led Asian declines, sliding almost 3% ...

Asian shares skid as Obama confirms air strikes on Iraq

August 8th, 2014 (0)
Asian shares tumbled on Friday as investors sought out safe-haven assets on growing fears that conflicts in Ukraine and the Middle East could sap global growth, extending losses after U.S. President Obama said he had authorized air strikes in ...

Pound About 0.2 Percent From Eight-Week Low as BOE Holds Rates

August 8th, 2014 (0)
The pound was about 0.2 percent from its weakest level in eight weeks versus the dollar after Bank of England officials maintained their key interest rate at a record-low 0.5 percent following a two-day meeting. U.K. 10-year government bond ...

China July exports up 14.5 pct year-on-year, imports down 1.6 percent

August 8th, 2014 (0)
China’s surprisingly buoyant exports in July pushed its trade surplus to a record, but a drop in imports signals sluggish domestic demand that will likely call for continuing policy support to keep economic growth on track. Manufacturing appears to ...

BOJ maintains policy, offers bleaker view on exports

August 8th, 2014 (0)
The Bank of Japan kept monetary policy steady on Friday and offered a bleaker view on exports and output, in a nod to recent weak data that cast doubts over its optimistic view that the economy is continuing to ...

Pfizer faces lawsuits over Lipitor

August 8th, 2014 (0)
Pharmaceutical giant Pfizer is facing a large amount of lawsuits from women who claim that the firm was aware that its anti-cholesterol drug Lipitor was causing possible serious side effects. The number of lawsuits has tremendously risen during the ...

Technical Analysis Gold – Rallies to Two Week High Above $1310

August 8th, 2014 (1)
Technical Analysis for Gold for Friday, August 8, 2014 In recent hours, gold has been trading in a small trading range between $1311 and $1313 after moving up well in the last 48 hours or so. In that time ...

Arab Bank Plc in trial in the U.S. for financing Hamas

August 8th, 2014 (0)
Arab Bank Plc ARBK.AM faces accusations that it provided material support to the Palestinian group Hamas. The bank will go under trial next week in New York making it the first financing case in the United States. The Jordan-based ...

Hyundai pays $17.35M fine for brake recall delay

August 8th, 2014 (0)
The National Highway Traffic Safety Administration announced that a $17.35 million fine was charged to Hyundai due to its delayed respond to report a brake defect in 2009 for 20012 Genesis luxury sedans. NHTSA reported six crashes while the ...
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