Shipping traffic in Cyprus fell in 2008 according to the latest statistics from the annual Transport Statistics report. During 2008, 4,052 vessels arrived at the various ports of Republic of Cyprus controlled southern part of Cyprus compared with 4,279 in 2007. Of these, 2,971 or 73.3% arrived at Limassol port, 775 or 19.1% called at
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U.S. stocks headed for a higher open on Monday as solid results from major European banks and expectations of a sales rebound for Ford Motor Co (F.N) reinforced hopes that the recession is moderating. Shares of Ford were up 7 percent at $8.58 before the bell after senior company executives said the automaker was on
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Google Inc Chief Executive Eric Schmidt is resigning from Apple Inc's board of directors, Apple said, citing increased competition between the two leading technology companies. Apple CEO Steve Jobs said that with Google's recent unveiling of a computer operating system, "we have mutually decided that now is the right time for Eric to resign his
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Oil's positive correlation to equities has been the most striking in decades, but it will end, probably when economic recovery becomes a reality rather than an expectation. The more lasting — but still provisional — relationship could be the negative correlation between the dollar and oil in the event rising inflation pressures the U.S. currency
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President of the House of Representatives of Cyprus Marios Garoyian discussed on Monday with his Maltese counterpart Louis Galea parliamentary cooperation but talks between the two Speakers focused on the construction of the new building to host the House of Representatives, an official announcement said here today. During a meeting Garoyian and Galea had this
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Executive Director of FRONTEX Ilkka Laitinen will pay an official visit to Cyprus on August 5 and 6, accompanied by associates, during which he will hold a series of meetings, focusing on illegal immigration and measures to tackle the problem. The FRONTEX delegation will meet the Permanent Secretary of the Ministry of Foreign Affairs, the
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Oil rose to a one-month high to top $71 a barrel on Monday as positive Chinese economic data and firmer equities bolstered hopes of economic recovery and higher energy demand. U.S. crude added $1.80 to $71.25 a barrel by 1128 GMT, having hit an intra-day high of $71.30, the highest since July 1 according to
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China's factory output surged for a fourth month in July, data showed on Monday, while two of Britain's biggest banks emerged from a year of financial turmoil in profit but damaged by bad debts of a combined $21 billion. British manufacturing activity grew for the first time since March 2008, adding to evidence that the
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Britain's blue chip shares hit a new high for the year in midday trade on Monday, as gains in Barclays and HSBC led a rally in the banking sector, while rising commodity prices pushed miners and oil majors higher. By 1059 GMT the FTSE 100 was up 1.5 percent or 69.32 points at 4,677.68, easing
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European shares hit a nine-month high on Monday as financials advanced after earnings results from Europe's biggest bank HSBC while commodity shares tracked stronger crude and metals prices. At 1110 GMT, the FTSEurofirst 300 index of top European shares was 1.6 percent higher at 943.14 points after touching 944.71, the highest level since early November.
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