President of the Republic of Cyprus Demetris Christofias has participated in the Brussels Informal Meeting of EU heads of state and government during which the leaders agreed on a common position ahead of the G20 summit next week in Pittsburgh, USA. In statements after the meeting, which was concluded Thursday evening, President Christofias said that
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The Jewish New Year commences Friday night and the Cyprus Jewish Community Centre in Larnaca organizes a serious of events. A press release issued in Larnaca says that on the occasion of the Jewish new year 5770, ''Rosh Hashanah'', Rabbi of Cyprus Arie Zeev Raskin extends his wishes to the Jewish community in Cyprus. In
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Larnaka International Airport’s first operational trial was completed successfully Hermes Airports, which manages the airports in Cyprus, announced. According to a press release issued here today by the company, this trial, in which new systems and procedures were assessed, saw 200 “fake passengers” participate giving staff the opportunity to familiarize themselves with the new technology
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Japan's Nikkei stock average slipped 0.7 percent on Friday, with financials hit after consumer finance firm Aiful Corp said it was asking for debt repayments to be rescheduled. But large banks such as Mitsubishi UFJ Financial Group turned positive in later trade, buoyed by short-covering after sliding all week on worries about financial policy under
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Asian stocks retreated from 13-month highs on Friday as a conflicting picture about the strength of U.S. economic recovery stopped investors from extending this week's rally but gave some respite to a battered U.S. dollar. European stocks futures were down 0.4 percent while U.S. equity futures were 0.3 percent lower, pointing to a weak start
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A measure of global stocks reached an 11-month high on Thursday as economic reports supported themes of recovery, pushing currency investors seeking riskier trades out of U.S. dollars. But U.S. shares edged lower as some disappointing corporate profits reined in enthusiasm over an economy still seen as vulnerable to rising unemployment. Shares globally are flirting
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The White House formally sent to the U.S. Senate on Thursday President Barack Obama's nomination of Ben Bernanke to a second term as Federal Reserve chairman. Obama had announced on Aug. 25 he was keeping Bernanke in place, a move aimed at continuity at a time when the U.S. economy has shown signs of breaking
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Moody's Investors Service has downgraded the long-term foreign and local currency deposit ratings of Technikabank (TB) to B3 from B2. The outlook for the long-term deposit ratings and the bank financial strength rating (BFSR) is stable following the downgrade. The downgrade reflects the bank's overall weakened risk profile as evidenced by deterioration of its asset
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World leaders will commit to keep spending to prop up their economies at a G20 summit next week, Russia said on Wednesday, while France appeared to tone down its rhetoric on the issue of bank bonus caps. The Kremlin's economic adviser said leaders from the world's 20 largest economies agreed now was not the time
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Expanding numbers of young Greeks unemployed By Ingrid Melander and Renee Maltezou ATHENS, Sept 17 (Reuters) – Growing youth unemployment in Greece will drive voters away from the conservatives on Oct. 4, but the opposition has yet to convince voters it has a better cure for what has become a chronic disease. Unemployment among young
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