Central Bank Governors of South Eastern European countries endorsed today a framework for the exchange of information regarding cross-border banking groups operating in the region, during a meeting in Limassol. According to
Cyprus President Demetris Christofias will veto a decision by the House of Representatives requesting membership in NATO’s Partnership for Peace (PfP). Government spokesman Stephanos Stephanou said that the House decision requesting membership
Cyprus sold 145 mln euros in five year eurobonds yielding 4.75% in a private placement on Friday, the Finance Ministry said. The names of the investors were not disclosed. The placement method
Cyprus's economy is recovering from a recession in 2009, but not strongly enough to halt a rise in unemployment, Cyprus's Central Bank governor Athanasios Orphanides said on Friday. Orphanides, who is also
The world can weather a spike in oil prices, U.S. President Barack Obama said, as Saudi Arabia offered some respite to fears over Middle East oil supplies by indicating it can cover
Deutsche Bank's South Korean brokerage unit was fined nearly $1 mln by the nation's exchange operator, the largest ever imposed by it, for failing to notify it about big derivative trades on
Oil surged more than 7.5% to its highest since August 2008 on Thursday on concern that uprisings in Libya could spread to other major oil producers in the Middle East, including Saudi
. Greed, jealousy and ambition poisoned relations inside Libyan leader Muammar Gaddafi's family and often destroyed the careers of officials who got in the way, according to U.S. diplomatic cables published by
Access to the networking site LinkedIn was disrupted in China on Thursday, following online calls on other sites for gatherings inspired by protests against authoritarian regimes across the Middle East. It was
Royal Bank of Scotland's high bad debt charges in Ireland and a drop in investment banking income overshadowed its return to profit in the final months of 2010. Stephen Hester, chief executive
