By Parisa Hafezi Any U.S. move to impose sanctions on the Central Bank of Iran could add to the woes of the world's financial system although the Islamic Republic will find ways to protect its assets, the governor told Reuters. The U.S. Senate banking committee approved a bill last week urging the U.S. administration to
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The Cyprus question and the situation in the broader Middle East region were discussed here today during a meeting between Cyprus House President Marios Garoyian and Catholicos of Cilicia of the Armenian Apostolic Church Aram I, who is paying a visit to Cyprus. An official press release, issued here today, said the meeting took place
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Cyprus Ministers of Justice and Public Order Kypros Chryrostomides and of the Interior Neoclis Sylikiotis will meet Wednesday in Brussels Vice-President of the European Commission Responsible for Justice, Freedom and Security Jacques Barrot to discuss ways to combat illegal immigration and political asylum matters. The two Ministers will brief Barrot on the specific problems which
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Wachovia Corp, the fourth-largest U.S. bank, on Tuesday posted an $8.86 bln second-quarter loss, slashed its dividend and announced the elimination of more than 10,700 jobs after losses tied to mortgages soared. Its shares fell $1.25, or 9.5%, to $11.93 in premarket trading. The net loss for the Charlotte, North Carolina-based bank equaled $4.20 per
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Oil fell below $130 a barrel on Tuesday as a tropical storm moving over the Gulf of Mexico was expected to miss major oil and gas installations. Tropical Storm Dolly, the first big storm threat of 2008, was still expected to become a hurricane, but was unlikely to have an impact on crude production in
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President of the Republic Demetris Christofias initiates today a series of separate meetings with parliamentary parties, which make up the National Council. President Christofias had pledged to consult with the political parties before taking any final decisions in view of his fourth meeting with Turkish Cypriot leader Mehmet Ali Talat, on Friday, which takes place
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Joan Ryan, UK Government’s Special Envoy for Cyprus, expressed support for recently established ''Cypriots 4 Cyprus'' (C4C), stressing that the intercommunal campaign group has a crucial role to play during efforts to reunify the island. According to a press release, issued by C4C, “in a recent meeting with C4C Steering Group members, Ryan stressed that
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OTKRITIE Financõ Cyprus Ltd announced the appointment of Independent Directors to the Board of Directors made at a regular meeting of the Board on July 19, 2008. The new Directors include: Christodoulos Christodoulou, Panayiotis Demetriou and Mikhail Jernov. The appointments were unanimously approved by the current Directors of the Company, composed of Badri Gobechiya, Kumar
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Standard & Poor's Ratings Services today said that Serbia's arrest of wanted war criminal suspect Radovan Karadzic and his expected transfer to the UN War Crimes Tribunal in The Hague are two key steps toward cementing the country's path to EU accession. The action signifies a notable reduction in political risk, particularly if it were
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Local plastic card use by Cypriots rose by 22% in January-June 2008 when compared with the same period of 2007, slightly slower than the 25% recorded in January-April According to the JCC joint venture run by the commercial banks, total purchases using Cyprus-issued cards reached EUR 912.3 mln in the first six months of the
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