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Business - Page 500

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ENERGY: House Plenary ratifies Cyprus – Israel agreement

The House plenary has ratified an agreement between the Republic of Cyprus and Israel on cooperation in the fields of renewable energy sources and energy efficiency. The agreement was signed in Nicosia

16th November 2012
Business

MARKETS: Gold below $1,715 an ounce, Brent crude holds above $108 a barrel

Japan's Nikkei rallied for a second day on Friday as a tumbling yen boosted exporters, bucking the global trend that drove stocks elsewhere in Asia down more than 2 percent on the

16th November 2012
Business

AUSTRALIA creates worlds biggest marine parks

Australia created the world's largest network of marine national parks on Friday, protecting an area of ocean the size of Western Europe in a move which will prevent oil and gas exploration

16th November 2012
Business

JOBS: Banks seen shrinking for good as lay-offs near 160,000

Major banks have announced some 160,000 job cuts since early last year and with more lay-offs to come as the industry restructures, many will leave the shrinking sector for good as redundancies

16th November 2012
Business

Debt crisis sends euro zone back into recession

World equity markets fell for a seventh day on Thursday, hit by evidence that Europe's debt crisis has stalled economic growth and by persistent concern over the budget problems in the United

15th November 2012
Business

IMF’s Lagarde cuts short Asia trip for Greece meeting

The head of the International Monetary Fund, Christine Lagarde, will cut short a visit to Asia to attend a crucial Eurogroup meeting in Brussels next week amid divisions with European leaders over

15th November 2012
Business

CYPRUS: President says he is not obstructing agreement with Troika

President Demetris Christofias has made it clear that he is not raising any obstacles in efforts to reach an agreement with the Troika (European Commission, European Central Bank and IMF) on a

15th November 2012
Business

EU imposes duties on Chinese bone china and ceramics

The European Commission imposed provisional duties on ceramic tableware and kitchenware imported from China on Thursday despite opposition from a majority of EU member states. Fourteen of the EU's 27 members voted

15th November 2012
Business

AUCTION: Blue diamond sells for world record $10.86 mln

A flawless deep-blue diamond sold at auction on Wednesday night for 10.27 million Swiss francs ($10.86 million), a world record for a blue diamond per carat and more than twice its pre-sale

15th November 2012
Business

EUROZONE falls into second recession since 2009

The euro zone debt crisis dragged the bloc into its second recession since 2009 in the third quarter despite modest growth in Germany and France, data showed on Thursday. The French and

15th November 2012
Business
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