Cyprus shipping fleet declines in 2007

The Cyprus shipping fleet declined again in 2007, according to the annual report, Transport Statistics produced by the Statistical Service. At the end of 2007, 1,790 ships were on the Cyprus Register

Oil rises above $125, Nigeria supports

LONDON, July 29 (Reuters) – Oil rose above $125 a barrel on Tuesday as disruption to Nigerian output raised supply concerns, but signs of weakening U.S. demand limited gains. Royal Dutch Shell

Merrill writedown hits world stocks

World stocks hit a two-week low on Tuesday after Merrill Lynch said it would take a $5.7 billion writedown to offload toxic debt, upsetting investors already nervous about the health of the