The dollar was under pressure on Friday and shares were on track for a third straight week of losses as markets experienced an uneasy run-up to U.S. jobs data later in the session. The dollar hovered near a 3-1/2 month low against a basket of currencies and was fragile against the yen at 96.37 yen
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The Holmes Report honored Action Global Communications with two key awards at this year’s EMEA SABRE Awards ceremony that took place in Barcelona last Thursday, May 30. Agency founder Tony Christodoulou received the SABRE Award for Outstanding Individual Achievement, in recognition of his lifetime of commitment to PR and pioneering approach to the Public Relations
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Minister of Finance Harris Georgiades spoke on Friday about a game of transferring responsibilities on a European level regarding the imposition of restrictive measures on Cyprus` banking system. In statements to CNA and commenting on remarks by European Central Bank President Mario Draghi that capital restrictions fell within the responsibility of the European Commission, Georgiades
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Federal Reserve Chairman Ben Bernanke is widely expected to step down when his second term at the helm of the U.S. central bank expires on Jan. 31, 2014. If history is any guide, President Barack Obama will pick a candidate to succeed the one-time Princeton University professor sometime during the summer, allowing ample time for
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Britain's Prince Philip was taken to a London hospital on Thursday for a planned operation on his abdomen, Buckingham Palace said, in the latest round of medical treatment for Queen Elizabeth's 91-year-old husband. The British monarch's consort of more than 65 years, who turns 92 on Monday, is expected to spend two weeks at the
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President Vladimir Putin and his wife, Lyudmila, told Russians on Thursday that their 30-year marriage was over, confirming longstanding speculation that they had separated. In a rare appearance together on state television, Putin was asked about rumours that they no longer lived together and answered: "That is true." The announcement removes a big question mark
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Energy Minister Giorgos Lakkotrypis unveiled Thursday a road map for the exploitation of Cyprus’ natural gas reserves. Speaking during a press conference, in Nicosia, the Minister said the road map starts with the appraisal well in Cyprus’ exclusive economic zone block 12 and ends with natural gas exports, by the end of 2019. In 2008,
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The IMF expects growth to resume in 2015 in Cyprus, however there are macroeconomic uncertainties and risks, which remain significant, the Fund’s spokesman Gerry Rice said on Thursday, during a press briefing, in Washington. He also said that the first review mission in Cyprus is scheduled for late July and the mission chief, Delia Velculescu,
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The EU will support Cyprus’ recovery effort, head of the European Commission Office in Cyprus Georgios Markopouliotis has said. Despite the fact that it will take time. Markopouliotis was addressing an event at Neapolis University in Pafos, on Thursday, on a new growth model for Cyprus, which was organised jointly by the European Commission in
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The independence of Cyprus’ Central Bank (CBC) and of members of the decision making bodies should be safeguarded, the European Central Bank (ECB) says in a legal opinion issued on June 5, expressing thereby concern over potential changes to CBC’s statute by the Cyprus House of Representatives. A draft bill pending in the House of
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