Asian stocks fell to a two-year low on Friday, down for a fourth straight week, after a surge in oil prices above $121 enflamed inflation worries and the spiralling financial crisis showed
Oil prices extended gains above $121 on Friday, a day after their biggest jump in 3 months, as a renewed slump in the U.S. dollar and mounting tension between the United States
The Cyprus Finance Ministry has assumed responsibility for managing the country’s public debt following a decision by the cabinet, which effectively means the Central Bank of Cyprus has to relocate up to
European shares rose by mid-morning on Friday, boosted by a rebound in battered financial stocks, but a robust crude price kept a lid on gains. At 0900 GMT, the FTSEurofirst 300 index
Cypriot commercial banks expect to boost their overseas operations following a decision by the Cyprus Central Bank to ease the minimum liquidity reserve requirement in foreign currencies, officials said. In a directive
International activists departed from Cyprus by boat on Friday in an attempt to run an Israeli sea blockade on 1.4 million Palestinians in Gaza. The 44 activists sailed from the port of
Popular Cypriot composer Achilleas Lymbourides has passed away, at the age of 88. Born in Nicosia in 1920, Lymbourides studied music and violin. He is considered to be a pioneer composer of
Oil rose by more than $6 a barrel to nearly $122 on Thursday, climbing for a third day, as Washington's missile shield deal with Poland angered Russia, adding to international tension. The
Wall Street research analysts are projecting yet another tough quarter for U.S. investment banks marked by additional writedowns across a series of fixed-income assets amid an already weak operating environment. Citigroup analyst
Stock index futures fell on Thursday as fears of more credit losses in the financial sector rattled investors and shares of mortgage finance giants Fannie Mae and Freddie Mac slid anew. Investors
