Global stocks rose to their highest level in nearly two weeks on Wednesday as blockbuster results from major firms such as tech bellwether Intel Corp underpinned appetite for riskier assets. Goldman Sachs and Intel posted solid results while Johnson & Johnson beat analysts' forecasts with a 5 percent fall in second-quarter earnings, getting the U.S.
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British unemployment hit its highest rate since January 1997 in the three months to May, although the number of people signing on to claim jobless benefit rose by much less than expected last month, official data showed on Wednesday. The Office for National Statistics said claimant count unemployment rose by 23,800 in June, much less
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EBay Inc is pulling the plug on its annual eBay Live! event, eschewing the large networking affair for a series of more intimate gatherings to connect sellers. The company notified sellers on its internal blog on Monday that it would no longer hold its planned August 2010 event in Orlando, Florida. Instead, eBay will host
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It took a child to stump the creators of the BlackBerry, one of the world's top selling smartphones and a part of most executives' attire. "Are you going to make a phone more for kids so that my Mom will let me get one?" the child said from the packed audience at the annual general
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Higher costs for oil and gasoline likely pushed U.S. consumer prices up in June by the most for any single month since oil prices peaked last summer, according to a poll of economists. The Consumer Price Index, the most broadly used gauge of U.S. inflation, will likely help further dissipate fears over the potential for
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European stocks rose to a two-week high on Wednesday, as forecast-beating earnings from Intel, Johnson & Johnson and Goldman Sachs reassured investors on the outlook for corporate profits. At 0800 GMT, the FTSEurofirst 300 index of top European shares was up 1 percent at 848.36 points, gaining ground for the third consecutive day. Tech stocks
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Asian share markets gained for a second session on Wednesday as blockbuster results from tech bellweather Intel Corp seemed to augur well for the U.S. earnings season and for consumer demand globally. European bourses were set to follow with Euro Stoxx futures up 1.3 percent in early trade. Intel shares were indicated up over 7
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Cyprus pays tribute today to all those who lost their lives in defending the Republic during the 1974 military coup against the democratically elected President of Cyprus. The military coup against the first President of the Republic, Archbishop Makarios, engineered by the military junta then ruling Greece, was followed five days later by the Turkish
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The Cyprus Stock Exchange (CSE) has announced significant reductions of its fees and other charges for various services it provides. The CSE announced, inter alia, further reductions in the fees for Central Register and Depository and in the charges for the simple pre-agreed transactions. The new reductions were announced in the framework of CSE efforts
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The challenges faced by agriculture due to climate change was the main issue discussed at a meeting of EU Agriculture Ministers, at which Cyprus was represented by the Director of the Agricultural Department, of the Ministry of Agriculture, Natural Resources and the Environment Christodoulos Photiou. Cypriot agriculture, he said, has to deal with adverse weather
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