Cyprus President Demetris Christofias has had a short encounter with US President George Bush, during a reception which the American President hosted for the heads of national delegations, attending the 63rd Session of the UN General Assembly According to diplomatic sources, President Christofias also had the opportunity to have a brief encounter with US Secretary
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The President of Lebanon Michel Sleiman has assured President of the Republic of Cyprus Demetris Christofias that Lebanon will support Nicosia with regard to the Cyprus issue. President Christofias met on Monday the President of Lebanon, on the sidelines of the UN General Assembly, whom he briefed on developments in the Cyprus problem with respect
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The banking and the financial system of Cyprus is sound and robust and faces no danger from the international financial crisis, Finance Minister Charilaos Stavrakis said. Stavrakis chaired a meeting with local financial regulatory authorities, in a bid to assess the size of Cypriot direct investments in the high-risk investment products, which seem responsible for
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WASHINGTON, Sept 22 (Reuters) – The U.S. regulator of futures markets said it was reviewing the historic jump in crude oil prices on Monday to assure the trading was valid. The U.S. crude oil expiring contract for October soared by $16.37 to settle at $120.92 a barrel. At one point, the contract was up by
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Haggling over a $700 billion bailout to tackle the worst U.S. financial crisis since the Great Depression looked set to drag into next week, threatening to keep markets on tenterhooks over the shape of the Wall Street rescue. Asian stocks fell, the dollar dipped and U.S. government bonds edged up, after a night of negotiations
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By Deena Beasley (Reuters) Sue Garrett, in Las Vegas for a birthday party earlier this month, went to what she considers extraordinary lengths to hold down the cost of her trip. "We decided to sit through one of those blasted timeshare presentations to get a free hotel room," said Garrett, who lives in Los Angeles.
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U.S. President George W. Bush delivers his final address to the United Nations on Tuesday facing a starkly different world from the one that heard his first — prolonged wars in Iraq and Afghanistan and a financial crisis sweeping the globe. Bush probably had hoped to focus in his speech to the annual General Assembly
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Asian stocks fell and U.S. Treasury prices rose on Tuesday on scepticism about how Washington's $700 billion bailout plan can restore confidence in the U.S. financial system when the economy may be facing a recession. Major European stock markets were expected to open down as much as 1 percent, according to financial bookmakers, on global
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– Barack Obama proposed reforms on Monday to rein in practices that led to the worst U.S. financial crisis since the Depression, while White House rival John McCain touted his own remedies and accused Obama of failing to provide leadership. McCain, the Republican presidential candidate, pushed a plan he offered last week calling for an
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Comcast Corp has provided U.S. regulators details of how it plans to change the way it manages Web traffic over its high speed Internet network without blocking any applications or content. The move comes after the Federal Communications Commission voted last month to uphold a complaint that Comcast had violated the regulator's open-Internet principles by
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