Chairman of the Parliamentary European Affairs Committee Nicos Kleanthous leaves Thursday for Lisbon to attend a meeting of the Committee on Improving Quality of Life, Exchange between Civil Societies and Culture Euro-Mediterranean Parliamentary Assembly (EMPA). A press release issued by the Cyprus House of Representatives said that the meeting will discuss the issue of inter-religious
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Euro may have seen a top The dollar steadied around a cent away from the previous session's record low versus the euro on Wednesday, cheered by a new measure aimed at stabilising U.S. financial stocks and by a sharp retreat in oil prices. Concerns about the U.S. financial sector intensified earlier in the week after
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World stocks stabilised on Wednesday above a 21-month low while the dollar held near a record trough versus the euro after a sharp fall in oil prices helped calm investor nerves over the financial sector. Oil posted its biggest one-day drop on Tuesday since 1991 when prices tumbled at the start of Operation Desert Storm.
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Revival of Brazil By Ana Nicolaci da Costa BRASILIA, July 16 (Reuters) – Housekeeper Leonides de Moraes is part of the emerging middle class fueling Brazil's economic revival — but try telling her that. Like others in her income range, she scrapes together a precarious living that highlights the risks of a growing boom in
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By Dominic Lau LONDON, July 16 (Reuters) – Britain's top share index ticked up early on Wednesday after the previous session's steep losses, as oil stocks tracked higher crude prices and miners rebounded, but banks remained under pressure. By 0748 GMT, the FTSE 100 was up 15 points, or 0.3 percent at 5,186.9 points after
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By George Michael The Council of Europe Commissioner for Human Rights, Thomas Hammarberg, has welcomed the fact that Cyprus has ratified all standards set by the Council of Europe in the field of human rights, showing in this way its willingness to find solutions for the remaining problems. In an interview with CNA on the
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Cypriot Anorthosis FC of Famagusta beat with 1-0 Armenia's FC Pyunik, in a match held in Nicosia's GSP stadium yesterday, for the first leg of the Champions League's first qualifying round. After missing an array of clear chances to open the score, substitute Nikos Frousos scored in the 72rd minute the winning goal from the
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Freddie Mac & Fannie Mae The rescue plan announced for Freddie Mac & Fannie Mae shows the determination of the US authorities to support the financial markets and discourage a run on the dollar, but the near collapse of the two largest mortgage lenders and guarantors in the US coupled with the collapse of IndyMac,
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Fannie and Freddie crisis strikes one more blow to the weak USD. Who’s next? Charis Charilaou Chief Dealer The deterioration of the US financial sector as is evident from the latest turmoil of the government sponsored mortgage agencies Fannie May and Freddie Mac is providing a heavy weight on the already weak USD sentiment which
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The Cyprus Inland Revenue Department (IRD) announced that tax revenue during the period January -June 2008 increased by 1.7% YoY to EUR 795.2mln. The marginal improvement is primarily attributed to higher revenues associated with Special Contribution for Defence up by 18.9% YoY to EUR 204.3mln, which is mostly due to the sharp increase in deposits
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