Fears of global recession and a flight from emerging markets overshadowed signs on Wednesday that government attempts to end the gravest financial crisis in 80 years may be bearing fruit. Stocks from
Oil fell below $70 a barrel on Wednesday, pressured by a gloomy outlook for the global economy that could limit the impact of any supply cuts OPEC might agree at a meeting
PHC Franchised Restaurants Public Ltd (PHC.CY) announced that it has established a subsidiary under the name Colonell Ltd., which in turn has established a subsidiary in Greece, named Positive Eating SA (with
French President Nicolas Sarkozy said on Tuesday Europe should have its own sovereign wealth funds to take stakes in companies stricken by the global financial crisis and protect them from "predators". Sarkozy
Equity prices on the Cyprus Stock Exchange (CSE) continued lower, touching near 3-year low levels as the barrage of sell orders originating on the banking titles from foreign fund managers showed no
Cyprus prepares to welcome the Middle East's Rallying elite for the Troodos Rally, the penultimate round of the FIA Middle East Rally Championship to take place on November 7-9 in Geroroskipou. The
Health Minister Christos Patsalides announced that a new hospital specializing on radiation therapy and oncology will be set up in Limassol as well as a Transplant Centre will open at the Nicosia
The leaders of the two communities in Cyprus will meet on Wednesday, 22 October, in the UN protected area, the UN announced here Tuesday. “Greek Cypriot leader Demetris Christofias and Turkish Cypriot
Marfin Popular Bank Public Co Ltd said that it does not need nor does it intend to use any state aid of any nature, in a reference to the EUR 28 bln
Oil eased on Tuesday, pressured by expectations that a global recession will crush demand for oil, which could limit the impact of any supply cuts by OPEC. U.S. light crude for November
