Twitter Inc shares jumped 73% in a frenzied trading debut that drove the seven-year-old company's market value to around $25 bln and evoked the heady days of the dot-com bubble. The strong
Officials representing the Troika of international lenders that are monitoring cutbacks and reforms to reduce the runaway fiscal deficit in Cyprus, said that the programme is on track, but the biggest challenges
Greek telecoms giant OTE plans to cut 1,100 jobs at its domestic fixed-line business, in the former state monopoly's latest move to reduce legacy costs. The job losses, which represent about 13%
Germany's trade surplus rose to a record high in September as exports climbed across the board, data showed on Friday, at a time when Europe's largest economy has come under fire for
Asian shares slumped to a four-week low on Friday after Wall Street suffered its biggest fall in more than two months, as investors looked to the U.S. payrolls data for clues on
The European Central Bank cut interest rates to a new record low on Thursday, responding to a slump in inflation way below its target that has sparked fears the euro zone's economic
Cyprus and its international lenders have agreed in principle on an updated MOU, following the second review of the Republic’s €10 billion financial assistance programme. Finance Minister Harris Georgiades and the Troika
Cyprus remained in deflation for four consecutive months in 2013 amid the adverse financial environment. According the Cyprus Statistical Service, the Cyprus Consumer Price Index (CPI) for October increased by 0.11 units
Cyprus is looking into the possibility of transferring water from Lebanon, either by ships or via a pipeline, Minister of Agriculture, Natural Resources and Environment Nikos Kougialis said Thursday after a meeting
After months of gloomy trades, the Cyprus Stock Exchange has enjoyed a rebound in investor activity, with the General Index rising about 7.5% on Wednesday to 122.47 points, primarily driven by second
