The European Commission has started a project to build a pilot solar power plant for the Turkish Cypriot community that will deliver electricity to the grid in 2009. A concept study is
UN Secretary-General Ban Ki-moon has warmly welcomed the start of the full-fledged negotiations aimed at a comprehensive settlement of the Cyprus problem. In a statement read out by a spokesperson after Ban
President of the Republic of Cyprus Demetris Christofias has called on the UN Secretary General Ban Ki-moon to appeal to Turkey so that the Turkish Cypriot side will become more logical during
Goldman Sachs and Morgan Stanley were granted approval on Sunday to become bank holding companies regulated by the U.S. Federal Reserve, effectively killing off the investment banking model that has dominated Wall
The world's financial institutions will face more securities write-downs combined with rising loan losses in the second half, Standard & Poor's Ratings Services said. "The overlap of these two phases may prove
Democratic presidential candidate Barack Obama on Sunday called the $700 billion price tag for a financial market bailout "staggering" and said the final product must protect U.S. taxpayers and include a commitment
U.S. Republican presidential candidate John McCain on Sunday called for broad oversight of the Bush administration's $700 billion plan for rescuing Wall Street. In an interview on financial cable TV channel CNBC,
Japan's ruling party chose outspoken nationalist Taro Aso, an advocate of spending and tax cuts to boost the economy, by a landslide on Monday to be next prime minister and woo voters
Aspis Holdings Pcl (ASP.CY) announced that it will file an appeal against the administrative fine imposed by the Cyprus Securities and Exchange Commission (CySEC), which it said was unjustified and not warranted.
Laiki Investment EPEY Public Company Ltd (LI.CY) announced that on September 17, 2008 the CySEC approved a Document equivalent to a Prospectus for the offer and issue of up to 85,714,286 new
