The European Commission (EC) anticipates that in view of the ongoing global crisis, economic growth in Cyprus is expected to slow significantly in 2009 but still remain in positive territory. Cyprus’ GDP
Research In Motion is planning a next-generation version of its touchscreen BlackBerry Storm smartphone as part of a continuing push into the retail market, its co-CEO said on Monday. "We see this
Standard & Poor's cut the ratings on 7 Greek banks and Cypriot banks due to the potential for more loan losses. S&P downgraded the rating of Marfin Popular Bank (MPB) and Marfin
SFS Group Public Company Ltd (SFS) announced that as part of its efforts to raise investment funds for participation in the Shipping sector, the Group has signed a joint venture agreement with
By Jason Subler and Zhou Xin Like prodigal sons, China's exporters are returning home to sell their products as global economic gloom takes a toll on their overseas orders. Yet exporters of
By Ingrid Melander The Greek government on Monday avoided being forced to call snap elections over a bribe scandal but dissent among its own ranks combined with a bleak economic outlook mean
About 10 of the 19 largest U.S. banks being stress tested will be instructed by regulators to raise more capital, according to a source familiar with official talks. The banks have been
The U.S. dollar edged up from a six-week low on Tuesday after news the U.S. Treasury will instruct about 10 banks to raise more capital injected caution into markets and capped gains
President of the Republic of Cyprus Demetris Christofias and Turkish Cypriot leader Mehmet Ali Talat will be meeting on Tuesday for their 27th meeting in the framework of UN-led direct negotiations, with
Chiefs of European Navies (CHENS) 2009 meeting will take place in Cyprus from 7 to 8 May hosted by Cyprus Navy Command of the General Staff of the Cyprus National Guard. According
