Wall Street was set for a lower open on Friday after General Electric Co (GE.N) a 42 percent drop in quarterly earnings and Bank of America Corp (BAC.N) posted a quarterly loss before the open. S&P 500 futures fell 2.90 points and were below fair value, a formula that evaluates pricing by taking into account
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The Central Bank of Cyprus is reminding the public that the last day for the exchange of coins of the Cyprus pound is 31 December 2009. After this date, coins of the Cyprus pound will not be exchanged. The public who hold and wish to exchange such coins are advised to do so the soonest
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Cyprus hopes to be able to pull itself into growth this year, in spite of official forecasts of a contraction, Finance Minister Charilaos Stavrakis said. "If you ask me I personally think that at the end of 2009 the growth rate will be positive," Stavrakis said in response to a question submitted in parliament. His
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Fifty five Congressmen have urged US President Barack Obama ''to impress upon Turkey that a solution to the Cyprus problem cannot be reached without its full and constructive cooperation, both in the process and in the outcome of the negotiations for a bi-zonal, bi-communal federation, and without the withdrawal of its military forces from Cyprus.''
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The 16th Pancyprian Agricultural Fair, Agrifair, will be held from October 21st to October 25th. The Fair will be officially opened by President of the Republic Demetris Christofias. Chairman of the Cyprus State Fairs Authority Loizos Constantinou said that the Fair is one of the largest and most significant events staged by the Authority. The
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The European Commission has the feeling that negotiations between President of the Republic of Cyprus Demetris Christofias and Turkish Cypriot leader Mehmet Ali Talat are stuck, the Spokesperson for Enlargement has said, stressing however that the window of opportunity is still open. Speaking to a group of Greek Cypriot and Turkish Cypriot journalists, currently in
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Lloyds Banking Group Plc agreed to sell its loss-making Halifax estate agency business for a token 1 pound ($1.62) and will shed a further 360 jobs in the process, the part-nationalised British lender said on Friday. Analysts and industry insiders said the sale would have no impact on a European Union probe into the bank's
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Volkswagen AG said it will seek a potential further 10 billion euros from shareholders to secure its merger with Porsche and safeguard its financial stability. Volkswagen plans to ask shareholders next month for authority to issue up to 135 million new preferred shares by December 2014, Europe's biggest carmaker said in a statement on Friday.
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Small business recovery could set E.Europe states apart By Marton Dunai BUDAPEST, Oct 16 (Reuters) – Lending to crisis-hit eastern European small business shows little sign of recovering and more state backing may be needed to stave off a spiral of bankruptcies and loan defaults that would undermine growth. With industry dominated by foreign-owned exporters,
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Asian shares gave up early gains on Friday, with interest rate speculation pressuring assets in South Korea and China, while a bounce in the British pound continued to depress the yen and oil hit a one-year high above $78. European stock futures were up 0.4 percent and the euro hit a fresh 14-month high against
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