European shares were flat in early trade on Thursday, with weakness in banks and miners just offsetting gains in defensive drugmakers, as investors stayed cautious ahead of further corporate earnings from the U.S. The pan-European FTSEurofirst 300 index was up 0.01 percent at 1,052.62 points. In the previous session the index fell from a 15-month
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Stock index futures pointed to a lower open on Thursday, ahead of a slew of earnings news, with futures for the S&P 500 down 0.04 percent, the Dow Jones industrial average 0.1 percent lower and the Nasdaq 100 futures down 0.2 percent. Before the bell, investors will be braced for fourth-quarter numbers from Goldman Sachs,
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British public borrowing was lower than expected in December, helped by an increase in cash tax receipts, but still hit record highs for the month and financial year to date, official data showed on Thursday. "It's a rare positive surprise," said Alan Clarke, economist at BNP Paribas. "It looks like the blow-out of the public
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The flow of lending to British businesses picked up in November for the first time since January 2009, Bank of England data showed on Thursday, indicating credit conditions may be starting to stabilise. UK bank lending to businesses rose by 0.1 billion pounds in November after a 4.2 billion pound decline the previous month. "The
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Sony Ericsson, a cellphone joint venture between Sony Corp and Ericsson, has no plans to delay the launch of a phone that runs Google Inc's Android operating system in China, the company's chief executive said on Thursday. Google this week postponed the launch in China of two mobile phones which use the Android platform, in
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Nokia will follow Google, offering free maps on its cellphones, in a move to boost handset sales but one that will hit other satnav players, the San Francisco Chronicle reported on Thursday, citing the Finnish company. "Nokia used to charge for navigation packages that included turn-by-turn directions. That all goes away now. Now you can
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Minister of Foreign Affairs Markos Kyprianou said on Thursday that the British Court of Appeal ruling in the case Apostolides v Orams was especially important for Cyprus, and assured that the government would be following developments concerning the execution of the decision. He also dismissed Turkey positions that the ruling, concerning the exploitation by a
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The President of the National Federation of Cypriots Peter Droussiotis and the Lobby for Cyprus have welcomed a British Court of Appeal ruling, which has vindicated a Greek Cypriot refugee who was claiming back his property – in Turkish occupied Cyprus – usurped by a British couple. The Court decision relates to the case of
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The Library of the University of Cyprus has received the European Foundation for Quality Management (EFQM) award “Recognised for Excellence” with three stars. The University of Cyprus Library is the first library in Cyprus or Greece to be awarded this level of distinction. The Library has achieved the distinction, as administrative unit. This distinction is
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Cypriot tennis player Marcos Baghdatis has advanced to the third round of the Australian Open. Baghdatis, No 31 seed, fought back from two sets down to advance to the third round after beating Spanish David Ferrer, No 18 seed, in a match which lasted more than four hours. The sets 4-6, 3-6, 7-6, 6-3 and
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