Britain's economy recovered only modestly at the start of the year, hindered by a sharp drop in construction and making it likely that the Bank of England will keep rates at record lows for some months. Britain's economy expanded by 0.5 percent between January and March, in line with forecasts, after contracting by the same
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* Disy, ICPAC, Governor, Stavrakis at loggerheads Opposition deputy leader Averof Neophytou has reignited a three year debate about the independence of the Governor of the Central Bank of Cyprus and his supervisory role over banks in Cyprus. The ongoing debate flared up last year in what some might argue as the government’s efforts to
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. By Shavasb Bohdjalian All eyes will be on Fed Chairman Ben Bernanke's first post-meeting news conference after a two-day meeting of the U.S. Federal Reserve's policy-setting committee, which will be concluded on Wednesday. Most investors already anticipate the Fed's bond and interest rate announcement. Attention will quickly shift at 9:15 p.m., when the Fed
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The Elections Service of the Ministry of the Interior has announced that 9.311 Cypriot citizens will vote at the 25 polling stations to be set up abroad for the parliamentary elections to take place on May 22, 2011. Twenty five polling stations will be set up in Athens, Thessaloniki, Patra, London and Manchester. According to
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– Birth dates, addresses, emails, names taken – Sony – Stolen data could include credit card information – Says could restore some network services within a week – "Largest theft on record" of personal data – analyst – Sony shares off 0.3 pct in strong broader market Sony Corp suffered a massive breach in its
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Federal Reserve Chairman Ben Bernanke on Wednesday will likely use his first-ever news conference on monetary policy to hammer home the case for a patient approach to withdrawing the central bank's extensive support for the U.S. economy. Following a two-day Fed policy meeting, Bernanke will face the press in the first regularly scheduled news conference
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Chinese police have seized more than 26 tonnes of milk powder tainted with melamine from a ice cream maker in a southwestern city, state media said, three years after milk tainted with the industrial chemical killed six and made thousands ill. The Chongqing-based company bought the milk powder from a company in the southern region
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The U.S. dollar plumbed a near 3-year low against other major currencies on Wednesday before a Federal Reserve decision, which is expected to reinforce an ultra-easy policy stance and drive more capital to buoyant emerging Asian stock markets. While Fed chairman Ben Bernanke is expected to paint a cautious picture on the world's largest economy,
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French President Nicolas Sarkozy threw his weight behind Mario Draghi's candidacy to head the European Central Bank on Tuesday, giving a major boost to the Bank of Italy chief's hopes of succeeding Jean-Claude Trichet. Sarkozy's public endorsement raised pressure on German Chancellor Angela Merkel, leader of the euro zone's biggest economy, to accept Draghi as
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The Republic’s Central Elections Commission announced on Tuesday that a total of 531.136 Cypriot Citizens have the right to vote in the parliamentary elections of 22nd of May. The number of enclaved voters (Greek Cypriots who live in the Republic’s northern Turkish occupied areas) in the districts of Kyrenia and Famagusta will be announced at
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