The Board of Directors of Interfund Investments Plc (INF) has decided to commence procedures to reduce the Company’s share capital by 708.556 shares that are currently held by the Company under its share buyback programme. The Board of Directors of Interfund Investments also decided to propose to the Annual General Meeting the payment of a
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Democratic Party (DIKO) Central Committee members voted last night by an overwhelming majority to stay in the government coalition. From last night’s ballot, 124 members of the central committee voted to stay in the government while 46 voted to leave. There were two abstentions. In statements after the meeting, DIKO President Marios Garoyian expressed satisfaction
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Cyprus Chamber of Commerce and Industry (KEVE) and Cyprus Organization for Standardization will organize February 26-17 a conference on “Health Care Business”. KEVE President Manthos Mavrommatis said that the Chamber’s aim is to make Cyprus an international services centre especially in the medical field. He noted that this conference will boost efforts for the substantive
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Russian Premier Vladimir Putin threatened on Wednesday to slap heavy fines on some of the country's top tycoons for not investing enough in the power sector, while praising Western investors. In one of his classic appearances, Putin, who has a lengthy track record of market-moving attacks on the nation's business elite, said he was particularly
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The European Union's executive recommended on Wednesday launching accession talks with Iceland, the start of a process that Reykjavik hopes will lead to EU membership by 2012. The European Commission said Iceland met many of the EU criteria on democracy and human rights but called in a statement for some structural reforms, "fiscal consolidation and
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A nationwide strike grounded flights, trains and ferries in Greece on Wednesday as thousands rallied in Athens to protest austerity plans aimed at wrenching Greece out of a debt crisis that has shaken the euro zone. Holding banners reading "Markets should pay for the crisis," protesters gathered ahead of a march to parliament against a
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A Cypriot TV host on trial for plotting the murder of her boss pleaded not guilty on Wednesday to the killing which has gripped the east Mediterranean island. Elena Skordelli, 42, and her brother Tassos Krasopoulis, 37, are charged with masterminding the killing of Andis Hadjicostis, who was the CEO of the Dias Group, one
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European shares fell on Wednesday for a third consecutive session as investors awaited congressional testimony by U.S. Federal Reserve Chairman Ben Bernanke, with banking stocks bearing the brunt of the falls. By 0942 GMT, the pan-European FTSEurofirst 300 index of top shares was down 0.3 percent at 1,008.80 points. The index, which gained around 26
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Ben Bernanke may have cleared the hurdles to his confirmation for a second term as Federal Reserve chairman, but that does not mean lawmakers will be any friendlier to him at high-profile hearings on Wednesday and Thursday. The Fed chief's semiannual report to Congress should feature both impassioned debate over financial regulation and lots of
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Google Inc has scrapped the China leg of a regional event to show software developers its first smartphone, the Nexus One, in Beijing, its second such move following its threatened pull-out from the country. Google will introduce the sleek touchscreen phone to software developers in Hong Kong and Taiwan next week, but will not stage
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