Cyprus prepares for EU presidency

A broad meeting of working groups, preparing for the assumption of the six-monthly EU rotating presidency, in the second half of 2012, was held here today, under Andreas Moleskis, head of the

Oil rose toward $68 on Friday

Oil rose toward $68 on Friday, scaling a fresh three week high, driven by rallies on global equity markets and gains in gasoline prices. U.S. crude was 47 cents up at $67.63