Oil prices fell more than $1 to below $59 a barrel on Monday, slipping towards a seven-week low on concerns about the state of the global economy as equities markets tumbled. Oil prices dropped 11 percent last week in their biggest weekly decline since late January as investors talked of the possibility of another dip
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Cyprus has made it to the final phase of the Davis Cup for the first time in its history, after beating Ireland 3-2. In September, Cyprus will look for promotion to Zone I of the Euro/Africa Zone I of the World Tennis Cup. Two countries will win promotion to the First Division of the Euro/Africa
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Six in 10 companies in a survey plan to skip the purchase of Microsoft Corp's Windows 7 computer operating system, many of them to pinch pennies and others over concern about compatibility with their existing applications. Windows 7 will be released October 22, but has already garnered good reviews, in contrast to its disappointing current
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World stocks fell on Monday, with particularly heavy losses in emerging markets, as investors fretted about a coming wave of corporate earnings and confidence in a rapid global economic recovery faded. Oil dipped briefly below $59 a barrel in a sell-off prompted by concern over a tailing off of demand if the economy stutters again.
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Stario Investments Public Company Ltd (STAR) announced that it has reached an agreement with N.D.D. Special Publications Ltd for the acquisition of 50.1% of C.D.A Greem Café Ltd, owner of Must Café in Engomi. The agreement provides for the expansion of the trademark Must Café from C.D.A Greem Café Ltd under the Company’s management, which
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Marfin Popular Bank’s Board will convene on 28 August 2009 to examine its 1H09 results, which will be announced the same day after the market close. A year ago in 1H08, CPB posted a net profit figure of EUR 220.4 mln, whilst in 1Q09 CPB recorded a net profit after minorities of EUR 40.0 mln.
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Asian shares fell 2.6 percent on Monday, with Japan's Nikkei down for a ninth straight day, as concerns about company earnings outlooks weighed, while oil languished near a six-week low as faith in a rapid economic recovery faded. The yen firm against other major currencies, showing little reaction to news that embattled Prime Minister Taro
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U.S. Treasury Secretary Timothy Geithner said it was too soon to decide whether the U.S. economy would need the help of a second round of government stimulus to recover from recession. "I don't think that's a judgment we need to make now, can't really make it now prudently, responsibly," Geithner said in a taped interview
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The U.S. government and UBS AG asked a federal judge on Sunday to delay the start of a closely-watched trial, as they seek to resolve their dispute over U.S. demands for the identities of thousands of wealthy Americans suspected of using the Swiss bank to dodge taxes. The request, in a joint court filing, came
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Cyprus will host the 2012 European Shooting Games for the third time. The Games were successfully held in Cyprus back in 2004 and 2008. According to a relevant press release, this decision was taken by the General Assembly of the European Shooting Confederation (ESC), which was held in Osijek, Croatia, on 10 and 11 July.
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