U.S. rice jumps to record high on supply fears

(Reuters) – U.S. rice futures rose to a fresh all-time high on Wednesday on worries about supply shortages which have triggered political unrest and export restrictions designed to protect dwindling domestic stocks.

Samsung boss indicted for tax evasion

Samsung Group Chairman Lee Kun-hee was indicted on charges of tax evasion and breach of trust, but was cleared of a more serious bribery charge after a probe into South Korea's biggest

Piraeus deposits surge 53% in Cyprus

Piraeus Bank Cyprus has been swamped with applications from the public to open accounts during the first 80 days of its operations here, banking on the huge success of its “that simple”

China Q1 GDP growth slows to 10.6% yr/yr

The pace of Chinese growth eased only modestly in the first quarter to 10.6 percent, showing the resilience of the world's fourth-largest economy despite fierce winter weather and a global credit crunch. 

15% VAT on purchase of land

The Cyprus government will impose a 15% VAT on the purchase of land, effective as of 1 July 2008, thus fulfilling its tax obligations towards the EU. The adoption of VAT on

Chinese firm to build Vassiliko clinker plan

Vassiliko Cement Works Pcl (VCW.CY) has signed a letter of intent with the Chinese company ‘CBMI Constructions Co Ltd’ (CBMI), for the construction of a new modern clinker production unit of 2m