European shares surged in early trade on Monday, led by banks and oils and tracking gains in the United States and Asia on hopes that government stimulus packages will help soften the
British producer prices and costs fell in November as oil and petroleum product prices declined sharply, official data showed on Monday, in a further sign that inflationary pressures are cooling. However, the
The European Union joined calls on Monday for Robert Mugabe to step down as president of Zimbabwe, a country with a devastated economy battling to contain a deadly cholera outbreak. "I think
Cyprus and the UK will sign here today a Memorandum of Understanding in the fields of scientific research and development on Monday. The memorandum will be signed at the Planning Bureau by
Cyprus President Demetris Christofias has said that that Greek Cypriot side is ready to show the necessary flexibility with a view to creating the necessary preconditions that will lead to a mutually
Salamis Tours (Holdings) Public Limited (SAL) announced that one of its subsidiary companies sold a building in Paphos for a total consideration of EUR 2.9 mln. The profit from this sale stands
As the year-end approaches, it's deja vu in global money markets. Despite central bank liquidity provisions, government guarantee programs and bank recapitalizations worth trillions of dollars, money markets remain in a state
U.S. government debt, long considered the safest investment in the world, looks like it too has been hit by "bubble" fever. Prices of U.S. Treasury bonds appear dangerously overstretched after a soaring
The reality of low interest rates and deep economic recession should finally start to catch up with the U.S. dollar in 2009, after risk aversion and de-leveraging helped push the currency to
Asian stocks jumped to a three-week high on Monday, with investors taking heart from a rescue plan for U.S. automakers, falling oil prices and more government stimulus measures to limit the economic
