The dollar slumped to a 14-year low against the yen on Thursday, helping gold scale another record high, while Asian stocks faltered as investors digested a mixed batch of economic data. Financial bookmakers expected European stockmarkets to open lower while U.S. markets will be closed for the Thanksgiving holiday. The dollar skidded below 87 yen
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Greek markets fell on Wednesday on concerns that the country's economic problems may deprive its banks of cheap funding from the European Central Bank (ECB). The Socialist government, which won an election last month promising to tax the rich and help the poor, accuses the former conservative government of hiding the scale of problems in
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Following the election of the President of the Commission Jose Manuel Barroso, in September and the naming of the High Representative-Vice President of the Commission Cathrerine Ashton, all 27 member states have now nominated Commissioners designate. Cyprus has designated Androulla Vasiliou, current EU Commissioner for Health. President Barroso will now proceed with the allocation of
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President of the Republic Demetris Christofias has warned that Turkey cannot continue its course towards the EU unhampered, while its stance on Cyprus remains provocative and intransigent. In his speech at the Cyprus Independence Dinner hosted by the Greek Cypriot Brotherhood in London, President Christofias said that the Greek Cypriot Brotherhood “has always played a
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The Cyprus Stock Exchange (CSE) and VP Lux, the Luxemburg based subsidiary of VP, have successfully connected to Link Up Markets, a joint venture comprising 9 CSDs, to improve efficiency and reduce costs of post-trade processing of cross-border securities transactions globally. A press release issued today by Link Up Markets, notes that the connection of
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China eyeing biggest new finds By Richard Valdmanis DAKAR, Nov 25 (Reuters) – African oil output will rise sharply in the coming years if new projects start up as expected and tensions continue to ease in heavyweight supplier Nigeria. The outlook raises the continent's already high profile on the global market, dangles the prospect of
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ITTL Trade Tourist & Leisure Park Plc announced that the CySEC has given its approval of Supplementary Prospectus of the Company which concerns the Prospectus dated March 31, 2009 for the issue of up to 17.500.000 new shares at the sale price of EUR0.75 per share and the issue and allocation of up to 23.500.000
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Greece is the top destination for tertiary education of Cypriots, according to the annual report, "Statistics of Education" for the school year 2007/08. The report provides detailed information regarding the number of educational institutions, pupils/students, teaching and non-teaching personnel and expenditure, at each level of education, as well as Cypriot students abroad. The report found
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The British economy shrank for the sixth successive quarter in the three months to September but at a slower pace than previously estimated, official data showed on Wednesday. The Office for National Statistics said GDP fell by 0.3 percent in Q3 versus a preliminary reading of a contraction of 0.4 percent. The upward revision was
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Moody's Investors Service stated Wednesday that last week's default by an unrated state-owned company is consistent with the agency's B2 (negative outlook) sovereign credit rating for the government of Ukraine. The company, Ukraine Rail (Ukrzaliznytsia), defaulted on a principal payment on a Barclays Capital-led syndicated loan on November 20 and Moody's is responding to questions
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