US Vice President Joe Biden will hold a meeting late May with the leadership of overseas Cypriots and Greeks, in Washington, who will outline the positions of the Greek-American community on various issues concerning Greece and Cyprus. President of the International Coordinating Committee Justice for Cyprus (PSEKA) Philip Christopher has said that the meeting will
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The dollar edged up on the yen in quiet trade on Monday, with many Asian and European financial centres closed for the Easter holiday and as markets waited for the U.S. corporate earnings season to get into full swing. U.S. banks including Goldman Sachs, JPMorgan and Citigroup are set to report first-quarter results this week,
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By Matthias Williams Ram Babu Manjhi is weak with hunger as he stumbles across a field to an irrigation ditch he's been digging for a month in eastern India. Under a flagship jobs scheme launched by India's ruling Congress party, he was meant to be paid 84 rupees ($1.70) a day. But after grinding work,
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Oil fell $1 on Monday, eroding strong gains seen late last week after the International Energy Agency's dramatic oil demand downgrade overshadowed data showing Chinese crude imports rose to their second-highest ever. As trading activity slowly picks up following the Good Friday holiday, dealers will be looking for confirmation of the grim demand outlook from
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Shanghai copper futures rose 7 percent on Monday, touching their upside limit for a second consecutive trading session, supported by continuing declines in stocks and positive industrial output and other data from China. Shanghai prices have surged 10 percent in the past two sessions while London was shut for the four-day Easter holiday, sending the
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The Board of Directors of Vassiliko Cement Works Public Co Ltd (VCW) approved the final audited financial results for the year ended 2008, with net profit at EUR5.7mln compared to EUR16.9mln in 2007. The reduced profitability is mainly attributed to increased energy costs and operating inefficiencies following the consolidation with CCC. Upon approval of the
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Thai troops fired repeatedly in the air in central Bangkok on Monday, forcing anti-government protesters to abandon a blockade of a key traffic junction in a first show of strength since an emergency was declared. The red-shirted protesters had torched a bus and thrown scores of molotv cocktails at security forces faced off at Din
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China's economy is showing some signs of improvement, but a big fall in wholesale prices in Japan suggested the world's second-largest economy was sliding back towards deflation. A jump in China's industrial output last month, along with a record rise in new lending, gave further credence to the idea that the bottom of the worst
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Retail sales volumes in January fell by 0.6% compared with the same month of 2008 according to provisional figures for the month. This was less of a decline than in December, when retail sales fell year on year by 2.8% and in November, when they had fallen by 4.8%. For the whole period January-December 2008
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The trade deficit in Cyprus shrank in January according to revised data to EUR 377.3 mln in compared with EUR 487.6 mln in January 2008. Total imports/arrivals (covering total imports from third countries and arrivals from other Member states) in January 2009 amounted to EUR 444.3 mln, compared with EUR 575.1 mln in January 2008.
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