Freddie Mac passed its first test of investor confidence on Monday as buyers flocked to its $3 billion sale of debt just hours after the U.S. government pledged to extend more credit
European shares rose on Monday in a session dominated by merger activity that swept through sectors, including brewers and banks, while a U.S. mortgage rescue plan underpinned the broader equities market. Stocks
Nine foreign women were charged with prostitution after being arrested at the weekend on the Greek holiday island of Zakynthos, police said on Monday. Police sources in Athens said earlier the women
Less than 5% of the population in Cyprus, Bulgaria, Romania, Greece, Poland and Spain have the European Health Insurance Card (EHIC), which covers all health care which is needed during a temporary
The Cyprus Securities & Exchange Commission has fined Commercial Value SA, the insurance company in which Aspis Holdings has a significant stake with EUR 100.000 for selling its 25% stake in Universal
UBS, the Swiss banking giant has removed the shares of Bank of Cyprus from its recommended list of top investments. “The removal of Bank of Cyprus reflects our strategy move to reduce
Research firm Gartner said it cut its forecast for cellphone market growth in 2008 to 10-11% as a global economic slowdown started to crimp demand in the second quarter. At end-May Gartner
Boeing Co struck first in its biennial battle with archrival Airbus by securing an order for 50 single-aisle 737 airliners as the world's biggest air show opened on Monday in Farnborough near
Stock futures pointed to a higher opening on Wall Street after the Treasury Department and the Federal Reserve unveiled sweeping steps to support embattled mortgage finance companies Fannie Mae and Freddie Mac.
Oil fell by $2 to around $143 a barrel on Monday as the dollar rebounded following a United States plan to restore confidence in its financial sector. The U.S. government at the
