Asian stocks gain, but China declines

Asian stocks rose led by technology companies and Japanese property developers, after Merrill Lynch & Co. raised its rating on Samsung Electronics Co. and UBS AG said a drop in real-estate companies

Cyprus to set up Energy Centre

Cyprus, as an EU member state and having harmonised its legal framework with the European directives, provides a stable business environment for potential investors, President Tassos Papadopoulos said, adding that the Government

SNB: Repo rate raised

The SNB yesterday hiked the 1-week repo to 2.08% from 2.05% (where it had been since October 4 2007). The key to understanding this move is that the SNB targets 3-month libor,

FX Daily Commentary – Finotec

US dollar steady vs. euro after a sharp gains yesterday   By Rodian Rahnayev Finotec Analysis Team 17 January 2008       EUR/USD USD/JPY GBP/USD USD/CHF Resistance 1.47701.47351.4685 108.35108.00107.65 1.97401.97201.9650 1.10501.10451.1025

London, New York and Moscow most expensive cities

London, New York and Moscow are now the world’s most expensive cities for residential apartment buyers, according a survey by the Global Property Guide (www.globalpropertyguide.com), an international property research firm. Residential apartments

Droushia Heights Hotel sold

D.H. Cyprotels Plc, continuing its strategy of disposing the small and not productive units, has agreed and sold Droushia Heights Hotel at Droushia Village for the amount of EUR 2,750,848/ CYP1,610,000 net.