Euro climbs above 1.22

The dollar continued to slide in Asian hours trading on Monday against the euro over expectations that the Federal Reserve will stop raising interest rates soon. The euro passed through 1.22 on

EU not taking action on Cyprus medicines

The European Commission was obliged to issue an official statement on Monday refuting press reports that the Cypriot government faces a fine for allowing medicinal products to be labelled in English. In

Asia-Pacific PC sales see record growth in 2005

Sales of personal computers in the Asia-Pacific region achieved record growth in 2005, a technology research consultancy said on Monday. Overall, Australia, China, India and South Korea were the biggest contributors, according

Egnatia expects Hellenic profit rebound

Egantia Financial Services have issued a positive forecast on the expected profits of Hellenic Bank, forecasting net gain of CYP 5.2 mln for 2005 compared to net losses of CYP 15.3 mln