Asian shares rose on Wednesday as firm demand at Spanish debt sales and positive U.S. corporate earnings boosted investor confidence in riskier assets. European shares were heading for a firmer start with financial spreadbetters predicting that major European markets would open up to 0.2%. U.S. stock futures were also up 0.2%. MSCI's broadest index of
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Nestle, the world's biggest food group, is closing in on a deal to buy Pfizer's infant nutrition business for up to $10 billion to boost its business in China and extend its lead in the world of formula milk for babies, sources familiar with the matter said on Wednesday. The Swiss group had already been
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European shares eased and the single currency softened on Wednesday as the region's sovereign debt worries and its weaker economic outlook weighed on investors ahead of a German bond sale that will test demand for ultra-low yielding debt. Signs that the International Monetary Fund is inching toward a deal to increase its ability to help
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The International Monetary Fund (IMF) projects that Cyprus’ economy will shrink by 1,2% in 2012 and will grow by 0,8% in 2013. According to April 2012 edition of the IMF World Economic and Financial Survey, released on Tuesday, Cyprus inflation rate is expected to be 2,8% in 2012 and to fall to 2,2% in 2013.
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The Lord Mayor of the City of London David Wootton and the City of London Corporation’s Policy Chairman Stuart Fraser will travel to Cyprus for a three-day visit next week (22-24 April) to prepare for the forthcoming rotation of the European Presidency from Denmark. According to the website of the City of London, the Lord
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The Cypriot and the Israeli Foreign Ministers discussed here today the issue of shared development and exploitation of hydrocarbon deposits in the cross median line of the two countries and a mutual agreement soon to be signed between the two sides. The Israeli FM Avigdor Lieberman, in Cyprus on a two-day official visit, today met
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March 2012 annual inflation in Cyprus recorded an increase compared to February. According to Eurostat, the statistical office of the European Union, annual inflation in Cyprus rose in March at 3.5% compared to 3.1% in February. The Euro area annual inflation was 2.7% in March 2012, unchanged compared with February. A year earlier the rate
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As astronaut Leroy Chiao watches the space shuttles he crewed make their final journeys to become museum pieces, he worries humankind is unthinkingly ditching space exploration and a future beyond Earth. After flying its last mission into space last year, the shuttle Discovery arrived Tuesday at Dulles International Airport outside Washington, D.C., atop a NASA
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Japan said on Tuesday it will provide $60 billion (37 billion pounds) in loans to the International Monetary Fund, becoming the first non-European nation to commit money to boost the fund's financial firepower to contain the euro zone debt crisis.
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Sweden's IKEA IKEA.UL, the world's largest furniture maker, is set to enter the consumer electronics market with products developed in co-operation with China-based TCL Multimedia IKEA officials said. IKEA, known the world over for low-price, self-assembly flat-packed furniture, plans to launch a line of furniture with integrated connected television and sound systems in five European
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