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,