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LSE rivals lose out after exchange’s trading glitch

The London Stock Exchange's top trading rivals failed to capitalise on the UK exchange's four-hour crash on Friday as trading slowed across the market after the LSE's second trading glitch in a

25th February 2011
Business

Cyprus FM: Any sanctions against Libya must be targeted

Cyprus Foreign Minister Marcos Kyprianou has said that any sanctions against Libya must be targeted so as not to harm the people of Libya. Speaking after a meeting he had on Friday

25th February 2011
Cyprus

SE European central bankers establish mechanism for exchange of information

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

25th February 2011
Cyprus

Cyprus government to veto parliament on Partnership for Peace

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

25th February 2011
Cyprus

Cyprus issues 4.75% 5-year bond in private placement

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

25th February 2011
Cyprus

Cyprus growth too weak to halt jobless rise – Central Bank

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

25th February 2011
Cyprus

U.S., Saudi Arabia offer reassurance as Libya turmoil drives oil

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

25th February 2011
Business

Deutsche Bank fined nearly $1 mln by Korea Exchange

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

25th February 2011
Business

Brent backs off $120, eyes on Libyan, Saudi supply

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

24th February 2011
Business

Gaddafi family riddled by greed and jealousy, says Wikileaks

. 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

24th February 2011
Comment
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