A delegation of representatives from 23 Cypriot companies dealing with solar thermal energy and air-conditioning have attended, in the US, a seminar on air heating and cooling by using solar energy. In statements on behalf of the Cyprus Employers and Industrialists Federation, Paris Anastasiou said that the members of the delegation attended various lectures organized

Oil rebounded above $85 a barrel on Monday after falling sharply from a more than two-year high last week as risk appetite improved and investors looked beyond Irish debt worries to better fuel demand fundamentals. U.S. crude rose 53 cents to $85.41 a barrel by 1038 GMT while ICE Brent futures rose 67 cents to

The Olympic Council of Asia will sell 400,000 extra tickets for the Asian Games in southern China to avoid further instances of the half-empty stadiums seen for many sports since the event started on Friday. The Asian Games in Guangzhou, China's largest sporting event since the 2008 Olympics have been touted as a showcase event

Talking about death doesn't make you die, an old French saying goes. But Europe is learning the hard way that talking about the possibility of default can hasten precisely that outcome. When the history of the euro zone is written, last month's German-driven EU summit agreement to devise a crisis resolution mechanism for countries unable

Japan's economic growth accelerated in the third quarter as expiring government incentives gave consumption a last-minute boost before a long-anticipated slowdown that analysts say is already under way. Indeed, many expect the economy to stall or even contract slightly in the next two quarters as the strong yen's damage to exports becomes more evident and

Top global miner BHP Billiton scrapped its $39 bln bid for Canada's Potash Corp, the world's biggest deal this year, and bowed to calls from investors to return cash with a $4.2 bln share buyback. BHP, conceding defeat for the third straight time on a major proposed acquisition, signalled with its revived share buyback that

Shares in Shanghai and Hong Kong were lower by midday on Monday as investors dumped banking issues amid lingering concern over official steps to cool a liquidity-driven asset price rally. Investors unloading stocks in regional markets added to downbeat sentiment. IFR reported that major shareholders sold more than $1.9 bln in Asian equities last week.

China's SAIC Motor Corp has agreed to take a stake in General Motors if Chinese regulators approve a deal to deepen an existing alliance between the two automakers, four people familiar with the matter said. The potential investment from SAIC is part of a surge in investor interest in GM that is expected to push

Japan's Nikkei average advanced 0.7% on Monday as a softer yen and strong-than-expected Japanese growth data for July-September encouraged investors to buy on dips. The technical trend for the Nikkei remained bullish after climbing to a 4-½ month high last week, with sporadic buying emerging after it fell on Friday by more than 1 percent.