Aspis Holdings Public Co. (ASP) and Aspis Liberty Life Insurance Public Company (LIB) announced that Pavlos Psomiades has resigned from his position as Chairman of the Board. Vasilis Adamopoulos also resigned from his Board position in both companies while Alexandros Antzoulides handed in his resignation from LIB. The Board of Directors of Aspis Liberty will
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Greek Cypriot and Turkish Cypriot political parties have reiterated their support for the efforts of the leaders of the two communities to reach an agreed solution to the Cyprus problem. The leaders and representatives of Greek Cypriot and Turkish Cypriot parties had their regular meeting, under the auspices of the Slovak embassy to Cyprus. A
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Turkey must undertake its responsibilities on the issue of illegal immigration to Cyprus, Interior Minister Neoclis Silikiotis has said, adding that during the EU Council of Justice and Home Affairs Ministers in Brussels he presented evidence confirming that 40% of illegal immigrants who arrive in the southern government controlled part of the Republic come Turkey,
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The fees of many banks in the European Union are often opaque, while there are problems with the way banks inform and advise their customers, according to a European Commission report on retail financial service. Presenting the report on retail banking in EU 27, EU Commissioners urged member-states to fulfill their obligation to enforce EU
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By Gillian Murdoch For decades, the roar of the chainsaw has meant one thing in Indonesia's national parks: illegal loggers ripping down the rainforest. Now, the whirring blades are part of a fight back to cut out illegal palm oil from the international supply chain and slow the deforestation that has pushed Indonesia's carbon emissions
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Steinbrueck says UK, U.S. finance sectors resisting reform The City of London is doing its best to block the introduction of stricter financial market regulations but tougher rules will come, German Finance Minister Peer Steinbrueck said a day before a Group of 20 summit. Steinbrueck told Germany's Stern magazine he hoped new rules on bankers'
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Greek Prime Minister Costas Karamanlis failed to land a knockout blow against his socialist challenger in a TV debate seen as his last chance to close the gap on his rival ahead of a snap Oct. 4 election. Most commentators saw no clear winner in Tuesday's debate, which was dominated by Greece's sharp economic slowdown,
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The U.S. Federal Reserve is expected to take note of an improving economy at the close of a meeting on Wednesday, while cautioning that high unemployment puts the recovery at risk. The Fed is widely expected to hold overnight lending rates at close to zero percent and repeat its intention to keep rates exceptionally low
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China responded on Wednesday to a United States proposal for closer cooperation among Group of 20 countries to tackle global imbalances by saying it supported international economic policy coordination. In a statement to Reuters, the Chinese Foreign Ministry also said international financial institutions had a role to play in providing policy recommendations, though only for
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Stock futures pointed to a flat to higher start for Wall Street on Wednesday ahead of the Federal Reserve's interest rate decision, with Dow Jones futures up 0.2 percent, S&P 500 futures up 0.3 percent and Nasdaq futures flat at 4:15 a.m. EDT. Economists forecast the policy-setting Federal Open Market Committee will hold the target
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