Travel abroad from Cyprus rose by 5.4% over the year earlier in June according to the latest figures from the Statistical Service. On the basis of the results of the Passengers Survey, 103,014 residents of Cyprus returned from a trip abroad in June 2010 compared with 97,713 in the corresponding month of last year. In
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* Regards Turkey as key emerging market, seeks closer ties — British Conservative Prime Minister David Cameron will promise on Tuesday to fight for Turkey to join the European Union and will dismiss opponents of Turkish membership as protectionist or prejudiced. Turkey has begun the slow process of accession talks with the 27-member EU,
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Former British Prime Minister Gordon Brown will release a book about the global economic crisis in November, publisher Simon & Schuster said on Monday. The book, Brown's first he was ousted from office in May, will "offer insight into the events that led to the fiscal downward spiral and the reactions of world leaders as
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Asian stocks rose to their highest in two and a half months on Tuesday, boosted by solid U.S. housing data, while the euro inched up towards two-month peaks on relief over stress tests on European banks. High-yielding currencies like the Australian and New Zealand dollars held near recent highs and the dollar stabilised after retreating
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A former Wall Street trader accused with associates of swindling more than $140 mln from investors is angling for his own reality television show, eager to prove his innocence in the court of public opinion. Ross Mandell, former head of Sky Capital Holdings, was indicted in July 2009 on charges he and five others defrauded
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Elvis Presley's white grand piano and his 1955 contract with RCA Records are going up for auction in Memphis next month, with the piano expected to fetch more than $1 mln, auctioneers said on Monday. The purchase agreement for the King of Rock 'n' Roll's Graceland mansion, and a letter Presley wrote in 1955 to
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Investors gave European banks the benefit of the doubt on Monday over stress tests that prompted more transparency from Spanish banks needing to raise capital than from German banks cagey about sovereign debt. Spain's smaller regional lenders, or cajas, will start a roadshow in London on Monday aimed at reassuring investors after the test results
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US stock index futures pointed to a slightly lower open on Wall Street on Monday, as investors take a breather following last week's strong gains sparked by a flurry of reassuring company earnings. At 5 a.m. ET, futures for the S&P 500 were down 0.2 percent, Dow Jones futures were down 0.3 percent, while Nasdaq
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BP Chief Executive Tony Hayward will collect a pay and pension package worth at least 11.8 million pounds ($18.03 million) when he steps down from his role at the company, the Times newspaper reported on Sunday. The Times said Hayward will be giving up 546,000 share options and a maximum of 2 million shares in
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Irving Picard, the court-appointed trustee overseeing the liquidation of Bernard Madoff's investment firm, is preparing to file new lawsuits to recover funds from investors who were also duped by the Ponzi scheme, the Wall Street Journal said. Picard told the Journal in an interview that he could end up suing about half the estimated 2,000
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