By Michael Flaherty and James Pomfret For most financial market professionals in this city and other hubs across Asia, the days of extravagant expatriate life have ended. For now at least. The standard HK$200,000 per month ($25,641) housing allowance for top bankers is gone or going in most cases. Paid-for chauffeurs to tote executives and
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Cypriots are in a lather over claims of wild sex orgies by tourists on Cyprus's high seas, giving the Romans a run for their money. Photographs documenting the sexual escapades of groups of young tourists to the island's popular resort of Ayia Napa were printed in the Norwegian press, following similar claims involving British and
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Minister of Foreign Affairs Marcos Kyprianou expressed disappointment on Wednesday over remarks on Tuesday by his Swedish counterpart Carl Bildt concerning Cyprus. Kyprianou said it was unacceptable to equate the Turkish invasion and occupation of Cyprus with the exercising of the democratic right of the Cypriots in a referendum, as the one in 2004. Speaking
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The European Commission approved a series of special support measures to help Cyprus better deal with the problem of scrapie in its sheep and goat populations. The amount allocated for 2009 is 5,4 million Euros. For 2010 it is estimated that a further 8 to 9 million Euros will be made available for this purpose.
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Το διεθνÃŽÂς περιοδικÃ? «Global Finance» βραβεÃ?ει την Μarfin ΛαÃ?κή ως μία απÃ? τις καλÃ?τερες διαδικτυακÃŽÂς τράπεζες στην ΕυρÃ?πη. ΣÃ?μφωνα με ανακοίνωση, η Μarfin Laiki Bank αναδεικνÃ?εται η καλÃ?τερη ηλεκτρονική τράπεζα, στην κατηγορία Best Consumer Internet Banks. Η ανακοίνωση αναφÃŽÂρει τÃŽÂλος Ã?τι, Ã?πως ανακοινÃ?θηκε στη ΝÃŽÂα ΥÃ?ρκη, η ανάδειξη της Μarfin Laiki Bank ÃŽÂγινε μετά την
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President Barack Obama said on Wednesday that U.S. economic conditions "would be even worse" if the government had not provided a bailout of the financial system. "We were on the verge of a complete financial meltdown," Obama said during a televised news conference from the White House. He said there is now "stabilization" in the
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Chinese Foreign Minister Yang Jiechi on Thursday expressed confidence that his country's economy could reach an eight percent growth target this year. "We believe that given the tremendous efforts of the Chinese people and given the good impact of our stimulus package and the mutual support … between China and the international community, we will
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Chinese Foreign Minister Yang Jiechi on Thursday said Beijing believed giving developing nations more weight in global financial bodies would be a key element of the G20 summit in Pittsburgh in September. "We believe the focus of this meeting to come is to further revamp the international financial institutions so developing countries have a bigger
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Investment banking helped Credit Suisse beat second-quarter profit forecasts on Thursday, despite accounting charges and one-off items as the bank continues to cut its balance sheet and win market share. Credit Suisse reported said it made a net profit of 1.6 billion Swiss francs ($1.50 billion) in the three months, which compared with an average
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Asian stocks edged up on Thursday led by energy shares, and looked set to test the previous session's 10-month high, though investors wondered if upward momentum from corporate earnings reports justified increasingly pricey valuations. The U.S. dollar hovered close to a seven-week low, with traders basically tracking equity markets as a gauge of investor penchant
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