Cypriot tennis player Marcos Baghdatis exhibited one of his best performances so far on Australian ground and knocked Australian Lleyton Hewitt out of the “MediBank International Sydney”, with a 4-6, 6-2, 6-3 quarter-final victory. Baghdatis started the match being down 1-3, came back saving two set points at 4-5 of the first set. However, he
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. OPINION The cold-blooded murder on Monday night of Andy Hadjicostis, CEO of the Dias Publishing Group and Sigma TV, was condemned by one and all as a “heinous act” and an “abominable crime”, as many believe it to be a blow to democracy. It is unlike any other homicide in Cyprus as it has
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Tourist arrivals in 2009, compared to 2008, marked a 10.9% drop, according to the Statistical Service of the Republic. In numbers, arrivals fell to 2.141.193 in 2009, compared to 2.403.750 in 2008. According to the results of the Travelers’’ Survey, tourist arrivals in December 2009 dropped by 8.2% 66,201, compared to 72,127 in December of
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Google Inc says it may be forced to leave China, but the search giant has room to compromise in its battle with Beijing, and both sides have reason to do so. The company's surprise statement on Tuesday that it was no longer ready to censor search results in China and might pull out of the
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Share markets in Asia rebounded on Thursday as worries that China's policy tightening would slow its demand receded, while strong Australian jobs data raised the chances of a February interest rate hike and boosted the Aussie dollar. Helped by an upbeat day on Wall Street, Asia stocks recouped 1 percent, having tumbled on Wednesday after
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Moody's Investors Service has downgraded the ratings for Qatar Real Estate Investment Company (QREIC Alaqaria) and the USD 300 mln Trust Certificates due 2012 (sukuk), issued by Qatar Alaqaria Sukuk Company, to Baa1 from A2. Ratings have been kept on review for further possible downgrade following the company's announcement that it would become a fully-owned
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Oil dropped below $80 a barrel on Wednesday to its lowest this year, pressured by a U.S. inventory report showing rises in crude and distillate fuel stocks despite severe winter weather. Crude stocks, expected to rise 1.2 million barrels, increased by 3.7 million, the Energy Information Administration said. Inventories of distillates, forecast to fall, rose
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European shares rose in morning trade on Wednesday after firmer metal prices lent support to mining stocks and defensives gained. By 0937 GMT, the pan-European FTSEurofirst 300 index was up 0.2 percent at 1,056.38 points. The index rose 26 percent in 2009 and has gained 63 percent since reaching a lifetime low in March 2009.
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U.S. mortgage applications rose during the first week of 2010, reflecting a surge in demand for home refinancing loans as interest rates dropped, data from an industry group showed on Wednesday. Demand for loans to purchase a home, however, only rose marginally. A continuation of this trend would not bode well for the U.S. housing
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Britain's top share index drifted lower in early trade on Wednesday, as losses in energy stocks, weighed by the softening price of oil, offset gains in miners. At 0940 GMT, the FTSE 100 was down 9.07 points, or 0.2 percent at 5,489.64, having closed down 0.7 percent at 5,498.71 in the previous session when China's
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