The Minister of Commerce, Industry and Tourism Antonis Paschalides signed today a Memorandum of Understanding in the energy sector with his Rumanian counterpart, Minister of Finance, Commerce and Business Environment Ion Ariton. According to an official announcement, the MoU signed by the two sides concerns mostly the sector of Renewable Energy Sources. Moreover, Paschalides said

The US House of Representatives adopted a resolution Tuesday calling for the protection of religious sites which are situated in the Turkish-occupied areas of Cyprus. The resolution was introduced by U.S. Reps. Gus Bilirakis (R-Fla.) and Carolyn Maloney (D-N.Y.), co-chairs of the Congressional Hellenic Caucus. According to Bilirakis, member of the House Foreign Affairs Committee

Asian stocks hit a two-year high and the dollar was stuck near a seven-month low after poor U.S. data reinforced expectations the U.S. Federal Reserve will take more action to help the struggling economy. Gold firmed near record peaks as the Fed and Bank of Japan look to pump more funds into global markets via

London Stock Exchange said the value of equities traded was up 12% on the year, maintaining market share in its key UK business, but volumes declined in the second quarter. The LSE was boosted by its Italian subsidiary Borsa Italiana, which saw traded equities rise by 20%. Average daily value traded for the five month

Oil rose on Wednesday after an industry report showed crude and winter fuel stockpiles declined last week in top-consumer the United States, reducing a surplus that has weighed on market sentiment for months. U.S. crude for November rose 26 cents to $76.44 a barrel at 0234 GMT, while ICE Brent for the same month climbed

Ireland's borrowing costs hit a record high on Tuesday after two credit rating agencies warned its debt is at risk of further downgrades, compounding political jitters over a budget that could break a shaky government. Ireland is battling to convince investors it can afford to rescue its stricken banking sector and cut the biggest budget

Moscow's refusal to sell Iran high-precision air defence missiles will cost Russia $1 bln in lost revenue, a senior Kremlin-allied lawmaker said on Tuesday. Russia could pay a still higher price for banning the supply of S-300 missiles if Tehran successfully sues for compensation, Konstantin Kosachyov told Russia Today television. But Kosachyov, head of the

The U.S. dollar and the British pound fell against the euro on Tuesday as those countries' central banks were seen likely to provide more support to their economies, which sent gold to record highs. The euro surged to a five-month high against the greenback and to a four-month high against the pound on speculation the