World oil demand will dive by a hefty 2.4 million barrels per day in 2009, the International Energy Agency said on Friday, citing the impact of prolonged economic recession on energy use.
President of Cyprus Demetris Christofias and Turkish Cypriot leader Mehmet Ali Talat will meet Friday in the framework of direct negotiations, which began last September, with a view to reach a settlement
Cyprus government pledges to maintain low corporate taxation thus supporting private initiative and the inflow of foreign investments, Cypriot Minister of Finance Charilaos Stavrakis said. Speaking during a conference titled ''Future of
The Annual General Meeting of Bank of Cyprus Public Company Ltd will be held at the Bank of Cyprus Group Headquarters (51 Stassinos Street, Ayia Paraskevi, Strovolos, Nicosia, Cyprus), on Wednesday, 13
Bank of Cyprus has decided to exercise its option to redeem in whole the Capital Securities Series B at par. The Capital Securities Series B are perpetual without a maturity date, amount
The financial crisis highlights the need for more effective regulation and supervision, European Central Bank (ECB) Governing Council member Athanasios Orphanides said on Thursday. Orphanides said he believed that the model of
Germany and Italy suffered record falls in industrial output in February, leading a slump across the euro zone where manufacturers are bearing the brunt of a sharp downturn in global trade. From
Asia and Europe's biggest economies outlined plans to help banks and other businesses on Thursday, with Japan unveiling a record stimulus to counter a deepening recession. As part of a $154 billion
The number of U.S. workers filing new claims for jobless aid fell last week, but the number of people on unemployment rolls surged to a record in March, data showed on Thursday,
Global remittances, a key source of revenue for many developing countries, may fall 5 percent in 2009 after years of stromg growth, a World Bank official said on Thursday. Millions of people
