Leaders of the world's richest nations and major developing powers meet on Thursday to seek common ground on global warming and international trade, with the poorer countries seeking concessions. U.S. President Barack Obama will chair the climate discussions, but hopes of agreeing ambitious goals have faded after China and India rejected demands to halve the
More
Japan led a fall in Asian stocks on Thursday after the yen spiked to a five-month high against the dollar, with investors seeking to trim riskier bets amid concerns about the health of the global economy. As the confidence in recovery shown in the second quarter further evaporated, money found its way into government bond
More
The Bank of England looks set to feed more cash into its economy on Thursday, underscoring policymakers' commitment to support a fragile recovery from the worst global recession since World War Two. The International Monetary Fund raised its 2010 global growth outlook, but warned that neither the economy nor the banking industry at the heart
More
Forecast-beating results from U.S. bellwether Alcoa helped lift European stocks and draw global equities out of the red on Thursday, while currency markets reversed some of their recent cautious patterns. The U.S. aluminium giant kicked off the U.S. earnings season on Wednesday by reporting a third consecutive quarterly loss, but it beat estimates by a
More
President of the Republic of Cyprus Demetris Christofias and Turkish Cypriot leader Mehmet Ali Talat began their 36th meeting on Thursday, in the context of UN-led direct negotiations to reach a settlement of the Cyprus problem. During Thursday's meeting, the leaders of the two communities are expected to begin discussions on the chapter concerning security.
More
News Corp is not interested in buying popular microblogging site Twitter and will not sell its struggling social network MySpace, said the media conglomerate's chief executive, Rupert Murdoch. Murdoch, who arrived on Wednesday at the Allen & Co investment bank's Sun Valley media and technology conference, said Twitter would be a tough investment to justify
More
For years it was the talk of the wireless industry: beaming television to the world's four billion cellphones would be the icon of the digital age. Now, just three letters are hastening the demise of that vision. App. Short for "application," the programs people download from online stores to run on their portable phones have
More
The Ministry of Finance forecasts that the fiscal deficit for the first five months of the year was 1.8% of GDP compared to a surplus of 0.3% of GDP in the corresponding period in 2008, exceeding the initial estimates of the Ministry. The Finance Ministry recently insisted that the GDP deficit would remain below 3%,
More
The CSE Council in agreement with the CySEC decided to delist the securities of Costas Michaelides Constructions Ltd (KMC) effective July 10, 2009 since the company does not meet the main listing requirement of free float of its share capital to the public in view of the completion of the squeeze out procedure by Kostas
More
— “Melkonian school should continue” — President Demetris Christofias concluded a two-day official visit to Armenia, where he said after meetings with his counterpart Serzh Sargsian that Cyprus-Armenia ties should be enhanced even further. In an interview with the Azg daily newspaper in Yerevan, Christofias said that “on a political level we have no issues.
More