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Community leaders hope 2010 will be the year of a Cyprus settlement

Cyprus President Demetris Christofias and Turkish Cypriot leader Mehmet Ali Talat have expressed their strong hope that 2010 will be the year of solution of the Cyprus problem. In a joint statement

22nd December 2009
Business

UK house prices to rise 1-2 pct in 2010

British house prices will rise by 1-2 percent next year, with gains in the first few months of 2010 followed by stagnation and modest falls in the second half of the year,

22nd December 2009
Business

Dollar holds firm, Asia stocks track US tech rally

The dollar held firm on Tuesday against major currencies, and hit a two-month high against the yen, while Asian shares edged up as technology stocks tracked a rally in their peers on

22nd December 2009
Business

Moody’s cuts local currency ratings of Lebanese banks, foreign deposits upgraded

Moody's Investors Service has taken a number of rating actions on four Lebanese banks – it has downgraded to Ba3 from Ba2 the long-term global local currency (GLC) deposit ratings of Bank

21st December 2009
Business

FTSE gains 1.1 pct, boosted by oils, banks

Britain's top share index was up 1.1 percent by midday on Monday in thin pre-Christmas trade, bolstered by strength in energy stocks and a rally by banks. At 1206 GMT, the FTSE

21st December 2009
Business

Oil firm above $73 as Iran-Iraq tensions ease

Oil held firm above $73 a barrel on Monday after a 1 percent rise in the previous session as Iranian troops partly withdrew from a disputed oil area in Iraq, easing tensions

21st December 2009
Cyprus

Banks boost European shares, euro stays weak

European shares rose on Monday, led by banks, while the euro stayed weak against the dollar on worries over Greek debt and expectations the U.S. economy may recover more quickly than the

21st December 2009
Business

US Stock futures signal gains; eyes on pharmas

Stock index futures pointed to a slightly higher opening on Wall Street on Monday, with futures for the S&P 500 up 0.13 percent, Dow Jones futures up 0.1 percent and Nasdaq 100

21st December 2009
Business

No output change seen at OPEC, compliance in focus

OPEC producers are set to leave output limits unchanged at a meeting on Tuesday, but look likely to call for improved compliance with existing curbs. "For this meeting — no change," OPEC

21st December 2009
Cyprus

Banks boost European shares, euro dips vs dollar

European shares rose on Monday, led by banks, while the euro dipped against the dollar on expectations the U.S. economy may recover more quickly than the euro zone. The rise in shares

21st December 2009
Business
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