Oil firmed towards $72 a barrel on Friday, gaining for a third day, supported by views on equity markets that the economy may be stabilising and due to geopolitical concerns over key
European Union leaders agreed more steps on Friday to avert a repeat of the banking crisis that has sapped the world economy and the IMF said 2010 might deliver stronger growth than
Financial markets, already looking shaky after a two-month green shoots rally stalled this month, face further hurdles next week with the release of leading economic data and a U.S. monetary policy decision.
European Union leaders agreed on Friday to back the creation of a European system of financial supervisors to help prevent any new economic crisis, but gave them only limited powers. The leaders
Egypt has asked the African Development Bank (AfDB) for a budgetary support loan to offset the impact of the global economic crisis, a senior bank official said on Friday. "We are in
By Natsuko Waki Financial markets, already looking shaky after a two-month green shoots rally stalled this month, face further hurdles next week with the release of leading economic data and a U.S.
President of the Republic of Cyprus Demetris Christofias said that the initiatives the government has been taking over the past years have significantly raised Cyprus' performance in the European Innovation Scoreboard for
A group of specialists is carrying out a series of thermal and atmospheric pollution measurements at the Presidential Palace in Nicosia, to determine the potential of transforming the central administrative building of
The EU Info Point located at the northern part of Nicosia is opening its doors to the public. The Info Point project has a budget of EUR1.3 mln, financed by the Financial
European shares were higher on Friday at midday, led by gains in banks and commodity stocks, as "triple witching" started to take place. By 1031 GMT, the pan-European FTSEurofirst 300 index of
