President of the Republic Demetris Christofias has described 2009 as probably the most difficult year in the history of tourism in Cyprus, due to the global financial crisis which has affected many
The outlook for global automotive manufacturers is negative, reflecting the industry's ongoing challenges surrounding decreased vehicle demand due to the global economic downturn, Moody's Investors Service said in a new report. Furthermore,
Moody's Investors Service has placed the Baa2 global local currency deposit rating and Baa3 foreign currency subordinated debt rating of International Bank of Azerbaijan (IBA) on review for possible downgrade. The review
Moody's Investors Service has placed the ratings of four Belarusian banks on review for possible downgrade. The banks affected are Belagroprombank, Belarusbank, Belinvestbank and Belpromstroibank. The review of the deposit ratings will
Libya is looking forward to signing bilateral agreements with Cyprus relating to oil and natural gas supply and exploitation and strengthen cooperation in key sectors of the economy, Libyan Minister of Justice
US investments in Cyprus amount to more than $379 mln, US Ambassador in Nicosia Frank Urbancic said, noting that this figure will soon increase substantially as an American energy firm begins exploring
European shares turned positive on Tuesday afternoon after U.S. consumer sentiment readings came in stronger than expected. At 1412 GMT, the FTSEurofirst 300 index of top European shares was up 0.4 percent
The dollar rose on Tuesday, recovering from a five-month low hit last week, while investors cautiously awaited U.S. Treasury debt auctions kicking off later in the day. The euro was hurt by
Greek carrier Aegean Airlines will join the Star Alliance, which includes UAL Corp's United, Germany's Lufthansa, Air Canada and Continental. The move would give Aegean, which became Greece's largest airline by passenger
Britain's financial regulator banned and fined a trader on Tuesday for "front-running" client trades, in the third sanction on a former Morgan Stanley banker in the last two weeks. The Financial Services
