Sales top hopes at UK’s Home Retail

Home Retail Group, Britain's biggest household goods retailer, on Thursday posted better than expected second-quarter sales at both its Argos and Homebase businesses. "Argos and Homebase performed well, delivering cash margin ahead

Cyprus USB Bank to boost capital

USB Bank Plc (USB) decided to proceed with an increase of share capital via a rights issue. The potential amount of capital to be raised is approximately EUR15 mln. The Board also

Cyprus ranks 40th in Doing Business Report

Cyprus ranked 40th among 183 countries in the World Bank's ''Doing Business Report'' for 2010, covering the period June 2008 through May 2009. This is the first time Cyprus is participating in

Oil prices fall below $71 as OPEC gathers

Oil prices fell below $71 a barrel on Wednesday, after rising more than $3 the previous day, as OPEC ministers were expected to maintain official output unchanged at their meeting in Vienna.

Berlusconi welcomes Cyprus negotiations

 Italian Prime Minister Silvio Berlusconi has expressed satisfaction with the efforts made by the leaders of the two communities in Cyprus to reach a solution of the Cyprus problem. The Italian Prime

IMF suggests earlier recovery; stimulus a prop

Economic recovery may come three months earlier than forecast, the head of the International Monetary Fund said, but policymakers warned it may not last if governments reversed stimulus programmes too early. "For