Cyprus plans to issue one billion euro bond on international markets by June in a bid to cover the refinance of the public debt expiring in 2009, Finance Minister said. Stavrakis spoke to the press after a meeting of Cyprus Finance Ministry's Finance Advisory Committee, composed of Ministers of Commerce, Industry and Tourism and Labour
More
The real agricultural income of Cypriot workers dropped by 2% in 2008, while EU27 real agricultural income per worker fell by 3.5%, according to Eurostat data released on Thursday. According to Eurostat, this decrease was the result of a fall in real agricultural income (-5.7%) and a reduction in agricultural labour input (-2.3%). This decrease
More
Azerbaijan expressed concern on Thursday at the prospect of the border being opened between its old foe Armenia and Turkey, where U.S. President Barack Obama visits next week. With growing signs of a thaw in relations between Muslim Turkey and Armenia after a century of hostility, the chances have improved sharply of Ankara opening the
More
Stocks rose for a third straight session on Thursday on optimism the G20 meeting in London will agree on ways to temper the economic crisis and that new U.S. accounting guidance will favor banks. World leaders will triple the war chest of the IMF to fight the worst economic crisis since the 1930's and impose
More
The number of U.S. workers filing new claims for jobless benefits surged to a nearly 26-1/2 year high last week, data showed on Thursday, indicating that the pace of job losses was yet to peak. At the same time, the number of laid-off workers collecting state unemployment benefits jumped to a record high in March,
More
New orders received by U.S. factories rose in February, government data showed on Thursday, breaking a six-month streak of declines and bolstering hopes the economy may be beginning to crawl out of the depths of a recession. The Commerce Department said factory orders rose 1.8 percent in February after a revised 3.5 percent drop in
More
Tropical island. Eleven competitors. Osama bin Laden. Porn scandal. Prize? Best job in the world. This is not a reality TV show, but a contest playing for real in Australia's Queensland state in an advertising campaign that highlights how more firms are tapping the power of social media such as YouTube, Facebook and Twitter, for
More
Caught Twittering or on Facebook at work? It'll make you a better employee, according to an Australian study that shows surfing the Internet for fun during office hours increases productivity. The University of Melbourne study showed that people who use the Internet for personal reasons at work are about 9 percent more productive that those
More
Copper rose towards a five-month high on Thursday, boosted by firmer equity markets and expectations that the G20 heads in London will craft a response to the worst economic downturn since the 1930s. By 1103 GMT, copper for three-month delivery on the London Metal Exchange rose to $4,150 a tonne versus Wednesday's closing price of $4,060.
More
World stocks powered higher on Thursday as G20 leaders prepared to boost the International Monetary Fund's finances and more signs appeared that the world economy could be recovering. The European Central Bank was also set to cut interest rates in another move to stimulate growth. "Market participants are becoming more convinced of a global recovery
More