President of the Republic of Cyprus Demetris Christofias has convened a meeting on Friday to discuss in detail the support plan of the economy which is being drawn up by the government
Cyprus House President Marios Garoyian expressed his satisfaction for the cooperation between the parliaments of Cyprus and Armenia, in the framework of international organizations, assuring that Cyprus wants to contribute to the
Oil fell more than 4 percent to below $57 a barrel on Wednesday, its lowest level for 20 months, on expectations of weaker energy demand and as global stock markets headed downwards.
Bank of England Governor Mervyn King sounded unapologetic on Wednesday even as the Bank made its biggest revision to its economic forecasts since it was made independent in 1997. Although one of
Russia and China have suspended talks over $25 billion in loans to Russian oil companies due to disagreements over interest rates and state guarantees, two Russian sources close to the talks told
Cyprus' main commercial banks have announced a 0.5% reduction on all loans connected to the European Central Bank's base rate. The decision by Bank of Cyprus, Marfin Laiki Banka and Hellenic Bank
The trade deficit widened sharply in the first eight months of the year, as imports rose sharply and exports rose only slightly. According to the latest data from the Statistical Service, the
The EGM of SeaStar Capital Plc (SEAS) approved the authorization of the Board to proceed with the issue and allocation of 192,307,693 new shares of nominal value EUR0.04 each of the nominal
A number of deals designed to cure the global financial crisis were in danger of unravelling on Wednesday, with losses mounting at banks and economies showing further signs of serious deterioration. Economies
The world is not about to run out of oil, but there is a risk its reserves may not be exploited fast enough to meet global demand growth in the years ahead,
