Asian stocks rose on Friday as investors tried to shake off weak economic data in the United States and Europe, but lingering caution about riskier assets supported the safe-haven yen. European shares were expected to bounce by as much as 1.3 percent after steep losses on Thursday, with stronger commodity prices expected to help mining

Marfin Popular Bank announced on Thursday net profits for 2009 amounting to 173.9 million euro, down by 56% compared to 394.6 mln in 2008. According to the Bank's preliminary financial results for 2009, Q4 net profit attributable to shareholders stood at 30.0 mln euro. Total operating revenues were 6% lower quarter on quarter in 4Q

The Queen of Spain Sofia will visit Cyprus, at the initiative of Nicosia Municipality and the Pierides Foundation. She will attend the opening of the exhibition “Miro of Majocra” of the great Spanish artist Joan Miro at Nicosia Municipal Art Centre, on March 10 in the presence of Cyprus President Demetris Christofias. The exhibition is

The government and the Cyprus Tourism Organisation will continue in 2010 their targeted and intensified efforts to promote Cyprus as an attractive tourist destination, Commerce, Industry and Tourism Minister Antonis Paschalides said here on Thursday. Addressing the 32nd Annual Conference of the Cyprus Hotel Association (PASIXE), Paschalides said that government measures on one hand and

 Petrol station owners terminated on Thursday their strike, reopening their stations after two days of inconvenience to the public. Their strike came after a decree issued by the Minister of Commerce, Industry and Tourism, defining maximum retail prices for 95 octane petrol, 98 octane and diesel. Petrol station owners responded with an eight-day strike, saying

The Malta Stock Exchange and the Cyprus Stock Exchange have signed a Memorandum of Understanding, at the Malta Stock Exchange premises in Valletta. According to a press release, the Memorandum of Understanding was signed by Arthur Galea Salomone on behalf of the Malta Exchange and Giorgios Koufaris on behalf of the Cyprus Exchange. The scope

Failure to act now on sweeping banking reform could pave the way for an "even bigger" financial crisis in the future, Bank of England Governor Mervyn King said on Thursday. Giving evidence to a cross-political party commission on the future of banking, King also stressed his opposition to having firms that are deemed "too big

U.S. stocks fell sharply at the open on Thursday as an increase in the number of workers filing for jobless benefits and concerns over the fiscal health of Greece made investors worry about the state of the global economy. The Dow Jones industrial average (.DJI) dropped 155.15 points, or 1.50 percent, to 10,219.01. The Standard