Asian shares fell for a sixth straight session on Thursday, with sentiment taking a further hit from mounting worries about the health of Spanish banks while deepening political chaos in Greece seemed to put it at risk of insolvency and a euro exit. MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.1%, touching its
More
The forex trading market in Cyprus, probably the most rapidly growing segment that is driving the boom in the ‘financial services’ sector, is estimated to be worth about 3.5 trln dollars a year, accoding to special survey conducted by the Financial Mirror. This is a figure that is expected to rise to 5 trln
More
The vision of the six-month Cyprus presidency of the EU Council starting on July 1, is one for “a Better Europe, more hospitable, but also more efficient in facing today’s challenges”, the head of the organising committee said on Wednesday. Deputy Minister for European Affairs Ambassador Andreas Mavroyiannis revealed the presidency’s new logo at a
More
Coca-Cola Hellenic (CCH), the world's second-largest bottler of Coca-Cola, said it would propose a capital return to its shareholders of 34 cents a share, reducing the par value by 125 mln euros. "As a separate item, Coca-Cola Hellenic also announces a proposal for a further decrease in the par value of the company's shares by
More
A Russian Sukhoi passenger plane with 46 people on board, including businessmen and Russian envoys, has gone missing during a demonstration flight over West Java in Indonesia, officials said on Wednesday. Indonesia's search and rescue agency said radio contact was lost with the plane after it descended to 6,000 feet. The Indonesia military said the
More
A hacker group calling itself the Russian branch of Anonymous has claimed responsibility for shutting down the websites of the Kremlin and the Russian President. The sites kremlin.ru and президент.рф have been unavailable for almost an hour on Wednesday. Anonymous tweeted “Kremlin.ru – TANGO DOWN” on their Twitter account, co-opting the military-derived code word to report
More
A second unidentified masseur has joined a $2 million lawsuit against John Travolta claiming the actor sexually assaulted the men in two separate incidents during private massages, according to amended court documents filed on Tuesday. The second unnamed man, a resident of Georgia referred to as John Doe No. 2 in court papers obtained by
More
Shares, precious metals and oil fell and the euro remained pressured on Wednesday as Greece struggled to form a government after an election that saw incumbent parties punished, heightening the risk that a hard-won bailout deal could be scrapped. MSCI's broadest index of Asia-Pacific shares outside Japan shed 1.4 percent to its lowest in more
More
A Mark Rothko 1961 oil painting set a new auction record for post-war art on Tuesday, soaring to $87 million, while works by Gerhard Richter, Jackson Pollock, Yves Klein and Alexander Calder smashed artists' records at Christie's blockbuster sale that achieved the highest-ever total for post-war art. The auction house realized a total of $388.5
More
EasyJet said seasonal first half losses narrowed, helped by cost cutting initiatives and minimal weather-related disruption, and that it expected second half revenues to grow by up to 5 percent. Europe's second-largest low-cost carrier on Wednesday posted a pretax loss of 112 million pounds ($180.75 million) in the six months to the end of March,
More