The euro and high-yielding currencies held firm on Friday after an improvement in U.S. housing and jobless claims data bolstered investor appetite for risk ahead of key U.S. jobs data due later in the day. Still, reflecting simmering worries about a slowdown in the U.S. and global economies, the yen was locked near a 15-year
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Asian stocks squeezed higher on Friday but gains were tentative ahead of all-important U.S. jobs data that tends to swing markets. There was no missing the sombre mood ahead of the employment report at 1230 GMT which will add to the debate on whether the U.S. economy is headed for a second recession. Surprisingly strong
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Cyprus Finance Minister Charilaos Stavrakis has said here Thursday that if the Cyprus Airways and Eurocypria merge does not take place, then there is a great chance the island will be left without a national carrier. Speaking after a meeting he held with the Board of Directors of Cyprus Airways, Stravakis said he was briefed
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. By Dave Graham, Reuters German central banker Thilo Sarrazin has divided public opinion with remarks about Muslim immigrants and comments about the genetic make-up of Jews, prompting calls for him to step down. Leading politicians have called for the Bundesbank to dismiss the 65-year-old, who has dominated headlines in the public furore surrounding the
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Minister of Health, Christos Patsalides addressed today the opening ceremony of a workshop on “The experiences of the Ministry of Health of the Republic of Slovenia” during the Slovenian presidency of the EU. In his opening speech the Minister said that “for Cyprus the challenge of the Presidency of the Council of the European Union
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Russian President Dmitry Medvedev has announced today his decision to grant the “Friendship Medal” to Cyprus President Demetris Christofias. President Christofias was awarded this medal “for his great personal contribution to the development of the multifaceted relations between Russia and Cyprus” a Kremlin official press release said. The ''Friendship Medal'' is one of the highest
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Increases were recorded in the prices of certain fresh vegetables, fresh fruit, bread and electricity during August 2010, according to an official press release. Specifically the Consumer Price Index for August 2010 increased by 0,92 units or 0,82% to 112,69 units compared to 111,77 in July 2010. Decreases have been recorded in the prices of
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President Dmitry Medvedev ordered law enforcement agencies on Thursday to prevent speculators driving up food prices after the worst harvest in years and pledged help to ensure affordable food staples. Russia's leaders are worried that recent price rises for staples such as flour, buckwheat, pasta and meat following the worst drought in at least a
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France's government will not be pushed into watering down a major overhaul of its loss-making pension system despite the prospect of strong support for a nationwide strike next week, a minister said on Thursday. Labour Minister Eric Woerth, architect of the reform which goes to parliament next week, said the government was ready to compromise
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Scotland's government announced on Thursday that its planned minimum price for alcohol would be set at 45 pence per unit, meaning a bottle of wine would cost at least 4.23 pounds and a bottle of whisky 12.60 pounds. The minority Scottish National Party administration announced last year that it intended to bring in a minimum
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