Uncertainty on company earnings and economic recovery prospects hobbled shares on Friday, while the dollar rose against a basket of major currencies. Wall Street looked set for a poor start. Oil dropped below $60 a barrel. European shares fell with the FTSEurofirst 300 down three quarters of a percent. Japanese's shares early closed a touch
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The House plenary, after a long debate, approved on Thursday by majority vote a new law banning smoking completely in all closed public places. The law is set to come into effect on January 1, 2010. Out of the 31 MPs who took part in the vote, 27 voted for the proposed bill to ban
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European equities fell on Friday and headed for a fourth straight week of losses as worries about corporate earnings and the pace of economic recovery pressured banks, while weaker commodity prices hit oil and mining shares. By 1114 GMT, the FTSEurofirst 300 index of top European shares was down 0.8 percent at 816.87 points after
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The European Investment Bank signed a EUR228 mln loan agreement with Cypriot commercial banks on Friday, part of a broader strategy to boost liquidity to European small to medium size enterprises. As part of the deal, EUR120 mln will go to the Bank of Cyprus, EUR50 mln to Marfin Laiki and EUR58 mln to Hellenic
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Passengers on Cyprus Airways flights, with an electronic ticket, will now have the option to register on the company's website at cyprusair.com in order to receive SMS or e-mail reminders of the day and time of departure or notifications regarding any possible flight delays or cancellations. According to a Cyprus Airways press release, the service
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EU Commissioner for Health Androulla Vassiliou has welcomed the approval by the Cyprus House of Representatives of a legislation banning smoking in all public places and night clubs as of January 1st, 2010. ''This is a huge step forward in health protection and I am very pleased that a clear majority of the Parliament supported
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Cyprus will be hosting a meeting of Commonwealth Ministers of Finance, to take place in Limassol, from September 30 to October 2. The Council of Ministers has already authorised the Minister of Finance to make the necessary arrangements for organising the meeting in Cyprus. During the meeting, the Ministers of Finance of Commonwealth members will
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More gloom on prospects for the global economy sparked by weak U.S. corporate results depressed commodity prices, knocking energy stocks and dragging Britain's top share index to a 10-week low by midday on Friday. By 1028 GMT the FTSE 100 <.FTSE> was down 24.00 points at 4,134.66 after it closed 18.43 points higher on Thursday
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Europe and Asia showed flickers of economic recovery on Friday with better-than-expected industrial output figures from France and Italy, mirroring numbers from Germany this week and adding to strong data from South Korea and India. Evidence began emerging earlier this year that the world's worst recession since World War Two might be bottoming out, but
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China may have told world leaders it wants a better, more stable global reserve currency system, but analysts say Beijing is in no rush to dethrone the dollar because it has vast dollar-denominated assets. The issue, aired during meetings of the G8 industrial powers and big emerging economies in L'Aquila, Italy, got no mention in
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