European shares reversed losses to trade higher on Tuesday after U.S. bellwether Caterpillar reported strong quarterly results. By 1143 GMT, the pan-European FTSEurofirst 300 index of top shares was up 0.2 percent at 1,028.96 after earlier falling to as low as 1,018.98 points. Food producers added the most points to the index. Nestle, Danone and
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By Sinead Cruise Scores of shopping malls across Britain face a battle to survive an extended recession unless the government suspends a "toxic" tax on landlords' empty space, the retail toledobrand.com property head of adviser DTZ said. Mark Williams, who also chairs the British Council of Shopping Centres (BCSC) Secondary Taskforce, told Reuters the tax
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A European Union plan to set up watchdogs to supervise banks and spot threats to the economy could face delays after Britain voiced concerns on Tuesday and warned negotiations on the law could end in deadlock. Sweden, which holds the EU presidency until the end of the year, is trying at a meeting of EU
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Greece and Cyprus said on Monday they supported Turkey's bid to become a full member of the European Union and needed its help to end the island's decades-old division. The division of Cyprus has defied mediation for decades, remaining a key obstacle to Turkey joining the EU and a source of tension with Greece, its
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Avacom Net Public Ltd announced the acquisition of 100 million shares (10% of the share capital) of the privately held company R 360 Corporation based in Delaware of the United States. R 360 Corporation has the copyright of R 360 technology for the mobile telephony. Avacom Net and R 360 Corporation jointly announce the promotion
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The German research vessel Maria S. MERIAN will visit for the first time the port of Limassol, which will be its main berth for a number of subsequent cruises from October 2009 to May 2010. According to a press release, scientists of the Max Planck Institute for Marine Microbiology in Bremen, the University of Hamburg
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The Government of the Republic of Cyprus deplores the atrocious terrorist attack that took place in the Province of Sistan-Baluchistan in Iran, on 18 October 2009. According to an official announcement, “the Government of the Republic of Cyprus strongly condemns terrorism in all forms and manifestations, and wishes to convey its sincere condolences and sympathy
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European shares fell in early trade on Tuesday, slipping back from their highest in more than a year, with Barclays leading banks lower as a major shareholder cut its stake. At 0846 GMT, the FTSEurofirst 300 index of leading European shares was down 0.4 percent at 1,022.58 points. On Monday, the index rose 1.7 percent
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Britain's top share index fell on Tuesday, retreating after strong gains the previous session, with banks the biggest laggards, led lower by Barclays after Qatar sold stock in the bank. At 0818 GMT, the FTSE 100 was down 27.37 points, or 0.5 percent, at 5,255.17, after ending 1.8 percent higher on Monday at 5,281.54, a
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Qatar is selling a 1.3 billion pound ($2.1 billion) stake in British bank Barclays (BARC.L), stoking talk it will use a big profit to make a move on UK food retailer J.Sainsbury (SBRY.L). Qatar owns 26 percent of Sainsbury and the retailer's shares jumped by a fifth last Thursday on talk the sovereign wealth fund
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