Tech-heavy South Korean shares led the broader Asian share index lower on Monday on fears of weaker earnings, but improving economic prospects in Europe and solid U.S. profit reports underpinned sentiment. Gold languished near two-week lows and was capped as the improving global macroeconomic environment has curbed interest in safe haven assets. "Investors would rather
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The Federal Reserve's ultra-loose monetary policy is a root cause of the "currency wars" that some see as a looming threat to the world economy, but don't expect the U.S. central bank to signal a shift back to normal any time soon. The Fed, whose policy-setting Federal Open Market Committee concludes a two-day meeting on
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The head of the European Central Bank (ECB) has clashed with Germany's finance minister over Cyprus, arguing that failure to bail out the tiny island nation could endanger the wider euro zone, the weekly Spiegel magazine reported on Sunday. Cyprus is seeking financial aid after an EU-approved writedown of Greek debt imposed huge losses on
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Archbishop of Cyprus Chrysostomos II has said that a Cyprus gas pipeline could pass via Turkey if that would serve Cyprus` national interests. In statements Sunday to the press, the primate of the Church of Cyprus noted that “we want to maintain good relations with all nations including Turkey". "We are always open to anything
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Cyprus Unit for Combating Money Laundering (MOKAS) enhances its capabilities to prevent and combat transnational organized crime, in particular money laundering and terrorist financing, through a relevant project contract signed on Friday. An official press release issued here Sunday said that the Planning Bureau and MOKAS signed on the 25th of January a contract for
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Opinion by Fiona Mullen, Director, Sapienta Economics Ltd Whether he or she is based in Frankfurt or Nicosia, the person who alerted the opposition Democratic Rally (DISY) to the imminent collapse of the banking system should rewarded with a Makarios-sized statue on Kennedy Avenue, not a knock on the door by police. Imagine you are
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Euro 2020 will be held in 13 cities across the continent, UEFA said on Friday as it announced the first concrete plans for the tournament. UEFA secretary general Gianni Infantino said that no more than one venue per country would be permitted and that the semi-finals and final would all be played in the same
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In a world of iPads, GPS and digital technology at your fingertips, one international tourism organisation has discovered that few things beat the traditional fold-up map. USE-IT, a non-profit group that traces its roots back to 1970s Denmark, is an independent maker of free and funky city guides aimed at students and other young travellers,
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A device seen as key to explaining why a Boeing Co 787 Dreamliner jet made an emergency landing in Japan last week is burnt and unlikely to provide safety inspectors with data they need, said a person with knowledge of the ongoing investigation. Circuit boards that control and monitor the performance of the plane's lithium-ion
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President Barack Obama and Secretary of State Hillary Clinton will give a joint interview to CBS's "60 Minutes" news program that will air on Sunday, the White House said. The interview, to be conducted at the White House on Friday, comes as Clinton prepares to step down and the Senate confirmation process moves forward for
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