Around 409 children – athletes, among them two Cypriots, are participating in the Beijing 2008 Olympic Youth Camp Programme. The children come from the 205 member countries and regions of the International Olympic Committee. According to a press release, issue by the Cyprus Olympic Committee, the two young Cypriot athletes, Loukia Trikomitou (gymnastics) and Charis
More
The Bank of Cyprus Public Company Ltd announced that on Tuesday, 12 August 2008, the 573.409.701 Convertible Bonds 2013/2018 of Bank of Cyprus Public Company Ltd with nominal value EUR1 each, will be introduced for trading on the Cyprus Stock Exchange and the Athens Exchange.
More
GDF Suez Energy International, in a consortium with Mitsui, Shikoku Electric Power Company, and Chubu Electric Power Company, its partners Qatar Electricity and Water Co., and Qatar Petroleum completed the limited-recourse financing of the Ras Laffan C power and water desalination project. Japan Bank for International Cooperation (JBIC), Export Development Canada (EDC), Islamic Development Bank
More
Royal Bank of Scotland fell to a first-half loss of 691 million pounds ($1.35 billion), one of the biggest losses in UK corporate history but not as bad as expected, after taking a 5.9 billion writedown on the value of risky assets. RBS, Britain's second-biggest bank, said the loss was "a chastening experience" but it
More
Oil fell below $118 on Friday as supply concerns eased after an indication that a key oil pipeline through Turkey, still burning after an explosion, may come back on line earlier than some previous expectations. A fire that has shut the Baku-Tbilisi-Ceyhan (BTC) oil pipeline may be extinguished on Friday or Saturday, a senior source
More
The number of homes repossessed in Britain in the first six months of the year leapt by almost 50 percent on a year ago to the highest since 1999, a survey showed on Friday, as the housing downturn claims more victims. The Council of Mortgage Lenders said repossessions rose to 18,900 from 12,800 in the
More
The euro tumbled to a 5-month low against the dollar after the European Central Bank's chief highlighted downside growth risks and oil prices fell, while European stocks halted a global sell-off in equities. After leaving interest rates on hold at 4.25 percent on Thursday, ECB President Jean-Claude Trichet said he expected euro zone growth to
More
Acting Government Spokesman Titos Christophides has expressed the government's satisfaction over the fact that Turkish Cypriot were able to cross over into Kokkina on Friday through the Limnitis area, without any problems. Speaking to CNA, Christophides said the citizens of Kato Pyrgos village displayed discipline and a responsible spirit, and demonstrated peacefully in favour of
More
In the fifth of six planned Special Comments outlining accounting observations on the 2007 results of companies in key sectors, Moody's Investors Service examined the accounting disclosures of Europe's rated automotive manufacturers and commented on constrained comparability between the financial statements. The eight companies featured in the report are BMW AG (rated A1/P-1/negative), Daimler AG
More
The U.S. dollar rose sharply to a five-month high against the euro and Asian stocks fell on Friday, as investors expected the malaise that has afflicted the U.S. economy would spread to other countries. While the U.S. economy has not greatly improved by almost any measure, investors have begun to reassess other parts of the
More