Andis Hadjicostis, CEO of the family-controlled Dias media group and Sigma TV, was gunned down as he was leaving his home in the capital’s diplomatic neighbourhood of Engomi Monday night. The murder took place just after 8pm, according to initial police reports, that added on Tuesday morning that the gunman probably shot Hadjicostis with a
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The U.S. Federal Reserve made record profits in 2009 and will return $45 billion to the U.S. Treasury, after its efforts to prop up the economy created a windfall for the government, the Washington Post reported. The $45 billion reflects the highest earnings in the 96-year history of the U.S. central bank, the newspaper reported
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Asian stocks fell on Tuesday, a day after hitting a 17-month high, on investor jitters about tighter monetary policy in China, while the dollar rose after a Chinese sovereign fund official said the currency has bottomed. The MSCI index of Asia Pacific stocks traded outside Japan shed 0.6 percent, after China's central bank stepped up
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President Demetris Christofias and Turkish Cypriot leader Mehmet Ali Talat continue on Tuesday the second meeting of the intensive round of talks, in the context of the ongoing UN-led negotiations for the solution of the Cyprus problem. The intensive round is being held at the official residence of UNFICYP Chief of Mission in the UN
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Local credit card spending in the Republic of Cyprus fell by 3% in 2009, according to data from the credit card company JCC, having risen by 16% in 2008. Local plastic card use by Cyprus residents reached EUR 1,847,481,905 (EUR 1.85 bln), compared with EUR 1.90 bln in 2008. In December, sales fell by 2%,
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Spending by Turkish Cypriots south of the Green Line dropped in 2009, judging by data from on credit and debit card use by the credit card company JCC Payments Systems Ltd. Total spending using “Turkish credit cards” reached EUR 17.35 mln in 2009, a drop of 12.9% compared with the EUR 19.92 mln recorded in
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The trade deficit in Cyprus fell to EUR 373.0 mln according to preliminary figures for November, falling by 23.6% compared with the EUR 488.4 mln recorded in the same month of 2008. According to the preliminary figures, total imports/ arrivals amounted to EUR 441.6 mln, of which EUR 305,1 mln consisted of arrivals from other
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Total imports/arrivals (covering total imports from third countries and arrivals from other member states) in January-October 2009 amounted to 4.698,9 mn Euro as compared to 6.256,6 mn Euro in January-October 2008, according to the Statistical Service's monthly report ''Intra-Extra E.U Trade Statistics (Summarised Data)'' for October 2009. Total exports/dispatches (covering total exports to third countries
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China's auto sales surged past the United States to reach record levels in 2009, industry figures showed on Monday, underscoring China's importance to the global auto industry as the world's biggest market. The figures came as PSA Peugeot Citroen (PEUP.PA) of France said markets were expected to show signs of recovery around the world in
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Stock index futures rose on Monday as China's strong trade figures stoked optimism in the global recovery and investors anticipated a profitable earnings report from Alcoa Inc (AA.N). China ended 2009 with record monthly imports of crude oil and soybeans and a strong appetite for iron ore and copper, while its exports rose 17.7 percent
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