MS Pacific, a cruise ship made famous by its appearance in the popular U.S. 1970s television show "The Love Boat," has sailed its final voyage to a ship-breaking yard on Turkey's Aegean Sea coast, a shipping group said on Wednesday. Called the Pacific Princess when it was on the long-running comedy, the iconic 13,500-tonne, 171-m-long
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Hellenic Bank, the island’s second largest lender after its two peers were merged and recapitalised as part of a Cyprus bailout package, is reducing its staff numbers by about 170 or 11% of its 1,576 workforce, with staff costs estimated to be 14% lower at the end of the year. The Troika of international lenders
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The Central Bank of Cyprus (CBoC), in its capacity as Resolution Authority, continues on Wednesday its contacts with stakeholders on the issue of the 18% of the share capital of Bank of Cyprus (BoC), owned by the former Cyprus Popular Bank (CPB or Laiki). CBoC met yesterday with BoC’s major shareholders and today it will
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The fortunes of the forex market have been hinged almost entirely on the fate of the US dollar in the past few weeks and this was particularly evident after Friday’s disappointing Non-Farm Payrolls (NFP) data was announced and the US dollar weakened against all of the major currencies. After the announcement on Friday, EUR/USD rose
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The Prime Minister has announced that the Federal Election will be held on Saturday 7 September 2013. Voters should check their enrolment status and eligibility to vote via the Australian Electoral Commission (AEC) website: www.aec.gov.au The AEC has implemented an online postal vote application available at http://www.aec.gov.au/election/pva/ which is their preferred method of receiving postal
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Last year was one of the 10 hottest on record, with sea levels at record highs, Arctic ice at historic lows and extreme weather in various corners of the globe signaling a "new normal," scientists said Tuesday in the 2012 State of the Climate report. Meant to be a guide for policymakers, the report did
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U.S. President Barack Obama confirmed on Tuesday that he would go to Russia this fall for a G20 summit but said he was "disappointed" that Russia granted temporary asylum to former U.S. spy agency contractor Edward Snowden. Speaking on NBC's "The Tonight Show" with host Jay Leno, Obama said Moscow sometimes slipped into a Cold
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Asian stocks fell to their lowest in a month on Wednesday following a second day of losses on Wall Street, led by a steep decline in the Nikkei as a firmer yen took a toll on Japanese exporters. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.7% to its lowest since July 11, and
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Shares in China rose in choppy trade on Wednesday, led by property companies, while Hong Kong stocks slipped on concerns over China's slowing economy ahead of Chinese trade data for July. At midday, the CSI300 of leading Shanghai and Shenzhen A-share listings was up 0.7%, and the Shanghai Composite Index gained 0.3% at 2,067.55 points.
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The Japanese government will take a significantly bigger role in the massive clean-up at the crippled Fukushima nuclear plant and may spend taxpayer money to contain the build-up of radioactive water, officials said on Wednesday. The move comes as operator Tokyo Electric Power Co struggles to contain toxic water flowing into the ocean from the
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