Prime Minister of Luxembourg Jean Claude Juncker has said that, not only must progress be made, but a solution must be found for Cyprus at Friday`s Eurogroup meeting. Juncker said he could not imagine that this weekend would pass without a solution for Cyprus. Asked if a debt haircut would mean losses for private investors,
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The energy sector is key for achieving the government’s goals of economic recovery and growth as well as for the creation of new jobs, Cyprus President Nicos Anastasiades has stressed. In an address, delivered by Minister of Communications and Works Tasos Mitsopoulos, at an official dinner of the 2nd Cyprus Energy Symposium, in Nicosia, President
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Honda Motor Co Ltd will recall nearly 250,000 vehicles globally, including sedans, minivans and SUVs, due to braking problems, the automaker said on Thursday. Seven models are affected by the recall. In the United States and five other countries, the Acura RL sedan, Acura MDX crossover SUV and the Honda Pilot SUV will be recalled.
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A U.S.-style ban on Britain's banks trading with their own money is not needed and would be too difficult to enforce, a group of influential lawmakers said on Friday. Instead, Britain should use the threat of capital add-ons or other tools to bear down on any bank that shows signs of proprietary trading, said the
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Federal Reserve officials will spend much of a meeting next week debating the potential risks from the central bank's stimulus plan, but Chairman Ben Bernanke has already signaled he believes the costs of inaction are even greater. The U.S. central bank looks set to keep buying $85 billion a month in mortgage and Treasury bonds
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Mainer Investment Limited has successfully listed its bonds on the MTF Market of the Vienna Stock Exchange with the objective of raising funds to finance ambitious investment and industrial projects in Russia. Mainer Investment Limited (Mainer) received regulatory permission to list up to USD 500 mln of its 2012-2020 bonds on the Multilateral Trading Facility
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. By Shavasb Bohdjalian Certified Investment Advisor and CEO of Eurivex Ltd. The issue as to whether or not Cyprus should proceed with privatisation of semi-governmental organisations such as Cyta, the Electricity Authority (EAC) and the Ports Authority has once again become headline news for the all the unfortunate reasons. We know the real reason
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. By Eleni Apostolidi Senior Financial Consultant, Saxo Bank Prices fell below the 50 day average during October. This sell signal is stronger when the moving average also turns down. What’s the difference between a simple moving average, a weighted moving average or the exponentially smoothed moving average and which is better to use in
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. By Dr. Andrestinos N. Papadopoulos, Ambassador a.h. At the Twelfth Islamic Summit of the Organisation of Islamic Co-operation (OIC) held in Cairo (6-7 February 2013) the Turkish diplomacy was again very active, with a view to promoting its positions on the Cyprus problem. In the Final Communiqué support was declared for a solution based
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. One of the pillars on which the Cyprus economy will have to depend on in order to get out of the bankrupt situation we inherited is to re-invent education. And the new administration is tasked with the impossible – trying to reduce unemployment. We have too many accountants with great expertise but lacking any
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