Cyprus not immune to global crisis

The global credit crisis will have a profound impact on Cyprus, but with some delay, as the hard and long process of de-leveraging risk begins, according to a markets expert. Chris Pavlou,

Lebanon president to visit Cyprus in 2009

Cyprus President Demetris Christofias met with his Lebanese counterpart on Monday on the sidelines of the UN General Assembly in New York, whom he briefed on the latest developments in Cyprus and

Oil rises $2 on US fuel supply concerns

Oil rose more than $2 to over $109 a barrel on Wednesday as concerns about U.S. fuel supply outweighed anxiety about the U.S. government's $700 billion plan to rescue the finance industry.

IG Group buys Japan’s FXOnline

Britain's biggest spread-betting firm IG Group said on Wednesday it had agreed to buy 87.5 percent of Japanese online foreign exchange trading firm FXOnline Japan KK for 112.2 million pounds ($207.7 million).

Events to take place promoting Nicosia, Cyprus

The Lefkosia Tourism Development and Promotion Company will organise a series of events under the slogan “come to meet Nicosia” this Saturday, September 27, to mark International Tourism Day. Speaking during a

Cyprus Police capture largest hard drug gang

The Cyprus Police believe they have captured the largest hard drug trafficking gang, according to Chief of Police Iacovos Papacostas. Four persons, aged 30 to 64, were arrested in the early hours