Oil rises towards $69 on Nigeria attack

Oil rose towards $69 a barrel on Thursday after Nigeria's main militant group shut down one of Royal Dutch Shell's pipeline junction points, heightening concerns about supplies from the region. U.S. crude

Cyprus business sentiment worsens in June

The Cyprus Business climate in June 2009 deteriorated by 2.1 units month-on-month to 63.3 units according to the Business and Consumer Surveys conducted by the Economic Research Centre of the University of

EU aid for Turkish Cypriot schools

The European Commission has awarded grants worth from 16,000 to 50,000 euros to 17 schools in the northern part of Cyprus. Projects cover a variety of fields ranging from establishment of computer

Turkish jets sour relations with Greece -minister

Turkish jets have stepped up sorties over inhabited Greek islands, increasing tensions between Aegean neighbours Greece and Turkey, Greek Foreign Minister Dora Bakoyanni said in an interview. Bakoyanni told Reuters she would

Oil dips below $69 on higher gasoline stocks

Oil dipped below $69 a barrel on Wednesday, falling back after U.S. industry data showed gasoline reservoirs swelled unexpectedly, despite growing geopolitical troubles in some OPEC member countries. By 1425 GMT, U.S.