World stocks powered to a 10-month high on Monday and oil rallied after last week's upbeat U.S. housing data and optimistic comments from the world's key central bankers prompted investors to buy risky assets. Friday's survey showed sales of previously owned U.S. homes jumped 7.2 percent in July to mark the fastest pace in nearly
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Britain's FTSE 100 gained 1 percent early on Monday as stock markets worldwide continued to rally on renewed optimism over the strength of the global economic recovery. Led by commodity and financial stocks the FTSE 100 index was up 46.23 points higher at 4,897.12 by 0803 GMT, aiming for its fifth straight day of gains.
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Japan's Nikkei average jumped 3.4 percent in thin trade on Monday, boosted by hopes for a global economic recovery that sent U.S. shares climbing, with Canon Inc and other exporters leading the benchmark higher. Oil and gas field developer Inpex and other energy-linked shares advanced as oil prices steadied around $74 a barrel on Monday,
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European shares were higher in early trade on Monday, rising for the a consecutive session, with banks and commodity stocks gaining as investors become more confident about the prospects of a global recovery. By 0709 GMT, the pan-European FTSEurofirst 300 index of top shares was up 0.4 percent at 970.99 points. The index is up
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Asian stocks jumped more than 2 percent on Monday, lifting world shares to a 10-month high, after upbeat U.S. housing data and optimistic comments from Federal Reserve Chairman Ben Bernanke spurred buying of riskier assets. Solid earnings from Chinese heavyweights such as Sinopec SS> , the world's second largest refiner, gave a boost to Shanghai,
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Tourism arrivals fell for the eighth consecutive month in July, as arrivals of tourists fell by 11.2% over the year earlier to reach 304,126, compared with 342,554 in July 2008. The largest market was the UK, with 155,901 arrivals, followed by Russia, with 23,653 arrivals. However, both of these markets saw a decline compared with
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The price index of construction materials for July 2009 reached 117.10 (base year 2005=100.00) recording a decrease of 0.09% over the previous month. For the period January – July 2009, the index recorded a decrease of 2.49% over the corresponding period of the previous year. In the same period prices of minerals rose by 4.1%
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. Fast Forward at “Cyprus Gourmet” Welcome Matthew! COMMENT Matthew Stowell has joined Cyprus Gourmet as Associate Publisher and will work with us to develop a wide range of features, profiles and editorial packages for all three CG activities – CG Weekly, CG Magazine and the new CG website. Born in Massachusetts, he is widely
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— Clients to be serviced by Lloyds TSB — Bank of Cyprus is winding down its retail operations in the UK, having already reduced the number of its traditional branches from eight in 2000 to just two at present, which, too, are expected to close within six months, replaced by a ‘super branch’ business centre
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— Ownership change will not affect operations — Société Générale Cyprus (SGC) will continue to operate as usual under its present management and structure, remaining under the operational control of Soc Gen Paris, despite a planned ownership change. Joel Jarry, Société Générale Cyprus General Manager told the Financial Mirror that in July, the bank’s shareholders
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