Asian shares fell on Friday, weighed down by tech stocks after lacklustre sales outlooks from some sector heavyweights and as worries about the fiscal health of Greece and Portugal undermined investor confidence. A massive recall of millions of vehicles by the world's top automaker Toyota Motor Corp added to concerns over corporate earnings after poor
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Stocks in Asia tumbled on Friday, hurt by weak technology and resources shares and fresh worries about Greece's debt levels, which dragged the euro to a six-month low against the dollar. However, leading European shares were expected to inch higher, halting the market's worst sell-off in a year, despite mounting worries about weak euro zone
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UN Secretary General's Special Representative in Cyprus Taye-Brook Zerihoun has expressed the belief that the leaders of the two communities in Cyprus have an unprecedented opportunity to embark on the path of the reunification of Cyprus. In his address Thursday at the UNFICYP Winter medal parade, Zerihoun said that the “leaders of Cyprus have an
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The economic sentiment in Cyprus for January showed a slight increase, a monthly report released today by the European Commission says. According to the monthly Economic Sentiment Indicator (ESI), which records the trends in various business sectors, as well as the consumers, the economic sentiment in Cyprus for January rose slightly to 80 units from
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Cyprus constitutes today an international shipping power and an overall modern, quality and comprehensive shipping complex, President of the Republic of Cyprus has said. Addressing Thursday evening the official dinner of the Cyprus Shipping Chamber, in Nicosia, President Christofias said that in more than 20 years of existence, the Cyprus Shipping Chamber has been transformed
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The Statistical Service reported that total sales of petroleum products in 2009 recorded a decrease of 5.0% compared to the previous year. A significant decline was observed in the sales of Heavy Fuel Oil (-19.2%), the provisions of Gasoil to ships (-17.1%), Aviation Kerosene (-7.0%), Gasoil (-5.9%) and Gasoil Low Sulphur (-4.7%). Sales of Unleaded
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Global shares rose on Thursday as investors pursued riskier assets after U.S. President Barack Obama focused on job creation rather than any concrete details of banking reforms which had spooked financial markets. European stocks bounced backed from a one-week slide, but gains were hampered by concerns about the fiscal health of smaller euro zone countries
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Oil rose above $74 on Thursday, rebounding from six-week lows hit the previous day, after a speech by U.S. President Barack Obama eased market worries over plans to limit bank risk-taking by not revealing concrete moves. The market also derived support from the Federal Reserve's decision on Wednesday to leave interest rates near zero to
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The Bank of England won't raise interest rates from a record low until October at the earliest but it is done with its quantitative easing bond purchase programme, a Reuters poll of over 60 analysts found. The survey, taken Jan 26-28 found all 66 analysts saying the bank would leave rates at just 0.5 percent
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Futures for the Nasdaq 100 briefly turned negative on Thursday ahead of major earnings results, with Greek credit default swap hitting record highs prompting investors to trade cautiously. At 1124 GMT (6:24 a.m. EST), futures for the Nasdaq 100 were up 0.2 percent after falling earlier in the day. Futures for the Dow Jones futures
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