A stronger yen depressed Japanese stocks on Friday, while the dollar was hemmed in near a two-year low against the euro by expectations the U.S. Federal Reserve will continue its monetary stimulus well into 2014. Those expectations were tempered, however, by continued worries over tighter cash markets in China, leading to a lopsided and selective
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The Police, following instructions from the Law Office of the Republic of Cyprus, will launch a criminal investigation into an agreement between the Central Bank of Cyprus (CBC) and consultancy firm Alvarez and Marsal (A&M). According to press reports, members of the CBC board of directors are said to have criticized the CBC Governor Panicos
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The Cyprus problem and the situation of the Cyprus economy were discussed during a tete-a-tete meeting on Thursday here between Cyprus President Nicos Anastasiades and German Chancellor Angela Merkel, on the sidelines of the European People’s Party Summit, which they both attended. According to information, Merkel congratulated Anastasiades on the successful first evaluation of the
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Full co-operation between executive branch and Central Bank is key to insure financial stability in Cyprus, IMF reiterated on Thursday. Asked about Cyprus President Anastasiades’ intention to oust Central Bank of Cyprus Governor Panicos Demetriades, IMF Deputy Spokesman William Murray said: “we have said that before and let me repeat it. We believe that full
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Euro zone banks are expected to issue more debt, increase loan provisions and speed up asset sales in the next couple of months as they knock their balance sheets into shape ahead of the European Central Bank's (ECB) sector health-check next year. The ECB will take a snapshot of loans and other assets, including holdings
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Portuguese prosecutors have ordered the reopening of the investigation into the 2007 disappearance of British girl Madeleine McCann, saying new leads had emerged in the case. The decision comes after British police began an inquiry in July, saying they believed she might still be alive. Madeleine went missing aged three from her room at the
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Cyprus and Israel have decided to take further steps towards increased cooperation on managing water resources. The decisions were taken today during a meeting Agriculture, Natural Resources and Environment Minister Nicos Kouyialis, currently visiting Israel, had with the Israeli Minister of Energy and Water Resources Silvan Shalom. According to an official press release, Kouyialis attended
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The euro zone economy is only expanding slowly, according to surveys on Thursday that showed the rate of growth eased unexpectedly in the private sector this month, although globally, factories in China ratcheted up production. Data due later on Thursday are expected to show factories in the United States, the world's biggest economy, also eased
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It was a long time coming – nearly 40 years to be precise – but Sophia Loren finally got her revenge against someone who many love to hate: the tax man. The Italian screen siren, 79, won a drawn-out battle over a tax dispute dating back to 1974. Italy's top court on Wednesday agreed with
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Russia will continue deepening cooperation with Cyprus in the economic and humanitarian field and participate in the quest for a just and viable settlement of the Cyprus problem, Russian President Vladimir Putin has said in a ceremony during which Cyprus’ new Ambassador to Moscow presented his credentials. According to an official announcement, the new Ambassador
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