We want strong political messages to be included in the EU draft report on Turkey’s progress, and “we also want practical measures that will assist the implementation of the strategic target we have set, which is the promotion of the solution of the Cyprus problem”, Government Spokesman Stephanos Stephanou has said. Speaking here Thursday, and
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Marfin Popular Bank reported that Group 3Q 2009 recurring net profit rose 32% on a sequential basis to EUR66.4 mln from EUR50.3 mln in 2Q09 sustained by strong revenue expansion combined with well contained cost and improving asset quality trends. Group net profit attributable to shareholders (including the estimated one-off tax charge) rose 7% q/q
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Moody's Investors Service has downgraded the ratings of all six government-related issuers (GRI's) in Dubai and left them on review for possible downgrade. The ratings affect DP World, Dubai Electricity & Water Authority (DEWA), DIFC Investments (DIFCI), Jebel Ali Free Zone (JAFZ), Dubai Holding Commercial Operations Group (DHCOG) and Emaar Properties following the announcement by
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Finance Ministers from eight economies in South, East and Central Europe will meet in Vienna on December 3 in support of a unique regional action plan that will increase stability in their country economies and help support their accession to the EU by accelerating reforms in corporate financial reporting and auditing. The conference, hosted by
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The EU’s ‘cyber security’ agency, ENISA (the European Network and Information Security Agency) presented its new position paper that focuses on authentication risks with European eID Cards as it has analysed 7 vulnerabilities, identified 15 threats and gave security recommendations. Major European eID interoperability projects, such as STORK and its successor ELSA are aiming at
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European shares slipped 1.2 percent early on Thursday, weighed by weakness in banks and commodity stocks, mirroring falls in Asia where exporters were hit by a decline in the dollar. By 0811 GMT, the FTSEurofirst 3000 was down 12.14 points at 1,009.81. Financials were among to top losers, with Barclays, HSBC, BNP Paribas and Deutsche
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U.S. shoppers may stretch tight budgets this year to reward loved ones after months of thrift, a softening of heart that store chains hope will erase the holiday season sales debacle of 2008. Retailers from Wal-Mart Stores to Gap, RadioShack and Walgreens are opening their doors on Thursday as U.S. families celebrate Thanksgiving, aiming to
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The United States unveiled its proposal to cut greenhouse gases by 2020 and said President Barack Obama will attend U.N. climate talks in Copenhagen next month — before other world leaders show up. Obama will go to the December 7-18 talks in Denmark on December 9, the eve of a ceremony in nearby Oslo, Norway,
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By Thomas Atkins – Analysis Dubai's shock move to restructure its biggest corporate debtor, Dubai World, and delay repayment on some of the company's $59 billion of liabilities could signal a broad restructuring of the emirate's corporate landscape. A web of government-linked companies, including Dubai World and affiliate Nakheel, has presided over spectacular growth in
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Banks must disclose how much they pay top employees, a UK government sponsored report recommended on Thursday in a bid to quell public anger over "bonuses as usual" in a sector shored up by taxpayer bailouts. The report published on Thursday from David Walker, former chairman of Morgan Stanley bank's international unit, lays down 39
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