The Cyprus News Agency (CNA) has signed an agreement of cooperation with the Egyptian Middle East News Agency (MENA). The agreement was signed Tuesday in Cairo by Chairman of the CNA Board of Directors Costakis Constantinou and Chairman and Chief Editor of MENA Abdullah Hassan, in the framework of the three- day official visit of
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Computer users' growing fear of worms and viruses could be behind a recent spike in attacks on PCs via bogus security software, according to a Microsoft Corp report published on Wednesday. As the Conficker worm and other malicious software — known as malware — have grabbed headlines, more computer users have been looking for security
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Dollar funding costs inched down on Wednesday and tighter cross currency swap differentials revealed further improvement in dollar liquidity across markets from Europe to Asia. While the improvement in spreads has been modest but steady, it appeared to be linked to the pick up in risk appetite across stocks and asset markets as signs of
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U.S. securities regulators meet on Wednesday to consider restrictions on short selling, a type of investing blamed by some lawmakers and executives for exacerbating the financial crisis and driving down share prices. The Securities and Exchange Commission will consider reinstating the "uptick rule," which allowed short sales — a bet that a stock's price will
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The yen rose broadly on Wednesday as falls in share prices and worries about upcoming earnings results for big U.S. companies prompted investors to sell higher-yielding currencies. The yen recovered from multimonth lows against major currencies struck earlier this week when optimism that stimulus efforts would eventually filter down to the global economy encouraged investors
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A sharp drop in Germany's imports in February outpaced a fall in exports, leading to a higher trade surplus than economists expected, preliminary data from the Federal Statistics Office showed on Wednesday. Imports fell 4.2 percent in seasonally adjusted terms, compared with a forecast of a decline of 2.0 percent month-on-month. Exports dropped 0.7 percent,
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Cypriot Minister of Foreign Affairs Marcos Kyprianou was received on Tuesday by Ecumenical Patriarch Bartholomew, at the Ecumenical Patriarchate in Constantinople, where he expressed Cyprus' full support to the Patriarchate. He added that the common position of Greece and Cyprus is that, in the framework of Turkey's EU accession course, Ankara must solve problems concerning
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Cyprus is a country favorable for investments from Egyptian business people, President of Cyprus Demetris Christofias has stressed, addressing in Cairo the Cyprus –Egypt Business Forum. President Christofias, who is paying a three – day official visit to Egypt, reassured the Egyptian government officials who participated in the Forum, as well as the business people
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Cyprus and Egypt signed bilateral agreements after delegations of the two countries wrapped up their official consultations. The agreements were signed at the Egyptian Prime Minister’s office, in the presence of Cyprus President Demetris Christofias and the Egyptian Prime Minister Ahmed Nazif. The first agreement signed by Cyprus Commerce, Industry and Tourism Minister Antonis Paschalides
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Cyprus and Greece are the only Eurozone countries that have recorded positive financial growth rates during the fourth quarter of 2008, according to data released on Tuesday by Eurostat. In Cyprus, GDP rose during the fourth quarter of 2008 compared to the third one by 0.6%. On an annual basis Cyprus’ GDP rose compared to
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