The plenary of the Cypriot House of Representatives has approved a capital increase plan of 35 mln euros, to save the state-owned chartered flight carrier. The plan was approved on Thursday after a long debate with a 26-13 majority and namely with the votes of ruling AKEL party, DIKO, EDEK, while opposition DISY and EVROKO
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The plenary of the Cypriot House of Representatives has approved a capital increase plan of 35 mln euros, to save the state-owned chartered flight carrier. The plan was approved on Thursday after a long debate with a 26-13 majority and namely with the votes of ruling AKEL party, DIKO, EDEK, while opposition DISY and EVROKO
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European shares fell on Friday, snapping a four-day winning streak, after the U.S. Federal Reserve raised an emergency lending rate, with banks among the worst performers. By 0940 GMT, the pan-European FTSEurofirst 300 index of top shares was down 0.4 percent at 1,017.47 points after being down as low as 1,010.83. The index which gained
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U.S. stock index futures fell, pointing to a weaker start for Wall Street on Friday after the U.S. Federal Reserve raised an emergency lending rate it charges banks. By 0904 GMT (4:04 a.m. EST), futures for Dow Jones, S&P 500 and Nasdaq Composite dropped 0.5 to 0.7 percent. Fed officials moved to calm speculation that
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British retail sales fell at their sharpest monthly pace in 1-1/2 years in January as the cold and icy weather pushed down purchases of household goods at the fastest pace since 1988, official figures showed on Friday. The Office for National Statistics said sales volumes, based on new methodology that includes automotive fuel, fell 1.8
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Britain's top share index rose slightly on Friday, extending its advance into a fifth consecutive session, as strength from banks and defensive stocks offset falls from miners in volatile trade. By 0914 GMT, the FTSE 100 was up 10.77 points, or 0.2 percent, at 5,335.86, after ending 0.9 percent higher on Thursday, its highest close
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The U.S. dollar rose broadly, commodity prices dropped and stocks fell on Friday after the Federal Reserve stunned markets by lifting an emergency lending rate for the first time since the financial crisis. U.S. stock futures fell more than 1 percent after the Fed raised its discount borrowing rate by a quarter percentage point. Though
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The U.S. Federal Reserve raised its emergency lending rate for the first time since the financial crisis, lifting the dollar and hitting bonds as markets brushed off Fed assurances it was not a prelude to a rise in the main policy rate. The Fed cast its decision to raise the discount rate it charges banks
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Microsoft Corp's assault on search engine leader Google Inc took a major step forward on Thursday as U.S. and European regulators cleared the software company's search partnership with Yahoo Inc. The 10-year deal, struck last July, is the biggest effort yet by Microsoft to establish an online business to rival Google, an area where Microsoft
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The House of Representatives has stressed that Cyprus, just like any other EU member state, must not have either guarantors or rights of intervention by outside powers. In a resolution approved unanimously during Thursday’s plenary session, the House expresses support for the restoration of the sovereignty, independence, territorial integrity and unity of the Republic of
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