Banks will be more closely scrutinised under European Union plans unveiled on Wednesday to apply lessons from the credit crunch and better protect investors shaken by the worst financial crisis in decades.
Oil rose to hit a six-month high above $63 a barrel on Wednesday after OPEC kingpin Saudi Arabia said the global economy had strengthened enough to cope with oil at $75-$80 a
The U.S. recession is set to end "soon," but continued job losses and plunging house prices point to an economic recovery that will be more moderate than those experienced in previous downturns,
Muskita Aluminium Industries Public Company Ltd (MAI) reported its first quarter 2009 results with profit after tax declining 67% Year-on-Year to EUR1.01mln compared to EUR3.03mln in the corresponding period of 2008. Revenue
The global market for carbon emissions trading doubled in value last year, despite the global economic slow down in the second half of 2008, but actual realised emissions cuts fell, the World
The global economy has strengthened enough to cope with oil at $75-$80 a barrel and that level will be hit soon as fuel demand picks up, Saudi Oil Minister Ali al-Naimi said
President of the Republic Demetris Christofias has described 2009 as probably the most difficult year in the history of tourism in Cyprus, due to the global financial crisis which has affected many
Libya is looking forward to signing bilateral agreements with Cyprus relating to oil and natural gas supply and exploitation and strengthen cooperation in key sectors of the economy, Libyan Minister of Justice
US investments in Cyprus amount to more than $379 mln, US Ambassador in Nicosia Frank Urbancic said, noting that this figure will soon increase substantially as an American energy firm begins exploring
Hermes Airports invites volunteers to participate in the operational trials of the new Larnaka airport which will be carried out in September and October 2009. The registration process for volunteers has already
