As the year-end approaches, it's deja vu in global money markets. Despite central bank liquidity provisions, government guarantee programs and bank recapitalizations worth trillions of dollars, money markets remain in a state
The reality of low interest rates and deep economic recession should finally start to catch up with the U.S. dollar in 2009, after risk aversion and de-leveraging helped push the currency to
Greek demonstrators vowed another wave of protests on Monday, two days after police shot dead a 15-year-old boy sparking riots that left dozens injured across the country. Thousands of youths clashed with
Aspis Holdings Public Company Ltd (ASP) announced that the five-member Court of Appeal ratified on November 24, 2008 the decision of the Supreme Court in favour of the Company against the Insurance
The leaders of Britain, France and the European Commission will not discuss British entry into the euro zone when they meet next week, a British official said on Friday. British Prime Minister
French President Nicolas Sarkozy on Friday appointed Patrick Devedjian, the outgoing head of the ruling UMP party, as minister in charge of implementing a $26 billion euro ($33 billion) stimulus plan to
The Cyprus Press and Information Office (PIO) has recently published the Turkish edition of the book ''Muslim Places of Worship in Cyprus'' (Kibris’taki Musluman Ibadet Yerleri). The 108-page publication offers a brief
Cyprus and the UK will sign a memorandum of understanding in the fields of scientific research and development on Monday. The memorandum will be signed at the Planning Bureau by Minister of
Seven Iraqis were injured in an explosion, possibly from a landmine, in Cyprus on Friday while trying to cross into EU territory through a ceasefire line dividing the island, police said. The
The European Commission will defy national pressure and stick to its main demands on the conditions for state aid to the bank sector when it publishes new guidelines shortly, EU sources said.
