China, the world's second-biggest importer, will cut import duties on some energy and raw materials products as well as consumer goods, to boost purchases, the Chinese cabinet said in a statement on
Hungarian President Pal Schmitt cancelled appointments on Friday, a day after being stripped of his doctorate following a months-long plagiarism row which opposition parties say made him unworthy of the job. The
World stock markets rose on Friday as they set the seal on a strong first quarter, with European shares extending early gains after euro zone ministers agreed to beef up the region's
Turkey will reduce the amount of oil it buys from Iran by around 10%, Energy Minister Taner Yildiz said on Friday, a week after Washington warned Iran's customers they could be subject
. BY DR. JIM LEONTIADES Cyprus International Institute of Management Mario Draghi, the new president of the European Central Bank (ECB) is the soft spoken type of Italian. His low profile and
. BY SHAVASB BOHDJALIAN An influx of fresh funds ahead of the end of the first quarter by fund managers in addition to a shift by investors out of Treasuries into stocks
. The imminent increase in old-age poverty and the need for longer-term reforms in social insurance has raised another issue that many have not yet contemplated –demand for cheap housing for pensioners
* Noble to start production by 2016; Terminal to cost 10 bln eur * The second licensing round for natural gas prospecting south of Cyprus has attracted unprecedented interest, with 70 companies
* Tight timetable pushing Greece to sell assets cheaply * Greece's wretched experience has been a poor advert for asset sales as a tool to cut state borrowings, but others in the
Greece's biggest electricity producer PPC/DEH announced a record quarterly loss on Friday, hit by bad-debt provisions and higher fuel costs amid the country's economic crisis. The state-controlled company's loss reached 240 million
