Asian stocks edged up slightly on Tuesday but struggled after a slide the previous day, while the yen held gains against higher-yielding currencies as investors doubt the speed of the global economy's recovery. A bleak U.S. jobs report last week has prompted portfolio managers to reassess how quickly economies around the world can return to
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By David Brunnstrom European Union foreign policy chief Javier Solana has said he plans to step down when his mandate expires at the end of October. If the EU's Lisbon reform treaty is approved following a referendum in Ireland in October, Solana's successor will have enhanced powers as head of an EU foreign service designed
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Sir Stelios Haji-Ioannou, the serial entrepreneur and founder of easyGroup, will personally fund awards to promote island-wide, bi-communal business cooperation between Greek-Cypriots and Turkish-Cypriot entrepreneurs. Greek-Cypriots and Turkish-Cypriot entrepreneurs gathered Monday evening at the residence of Britain's High Commissioner to Cyprus Peter Millett. Presidential Commissioner George Iacovou speaking to the entrepreneurs called them to ''grasp
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Armenia welcomes the UN-led direct negotiations aiming at achieving a just, viable and agreed settlement of the Cyprus problem based on the international law, the Charter of the United Nations and compatible with the principles and values on which the European Union is founded. According to a joint communique issued after the official talks of
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Cyprus was among 70 countries which have participated in the 55th Summer Fancy Food Show that took place at the Javits Centre in New York, June 28-30. Director of Cyprus Trade Centre in the US Aristos Constantinou has said that despite the financial recession Cyprus continues to have a good presence at the trade show.
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Supreme Patriarch and Catholicos of all Armenians Karekin II believes that the wide experience which President of the Republic of Cyprus Demetris Christofias has on EU matters will help Armenian President Serzh Sargsyan in his efforts to strengthen his country’s relations with the European Union. President Christofias, who is on an official visit to Armenia,
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Oil fell to below $65 a barrel on Monday and touched a five-week low earlier in the session, pressured by doubts over the prospects for a recovery in the global economy and energy demand. The U.S. jobless rate reached a 26-year high and Euro zone unemployment is at the highest in a decade, reports showed
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U.S. stocks fell at the open on Monday as investors worried about the strength and timing of an economic recovery, with a drop in oil and commodity prices weighing down shares in those sectors. The Dow Jones industrial average (.DJI) dropped 66.28 points, or 0.80 percent, to 8,214.46. The Standard & Poor's 500 Index (.SPX)
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Eight new cases of H1N1 flu have been confirmed in Cyprus during the past 24 hours, increasing the total number of confirmed case to 117, the Health Ministry announced on Monday. According to a press release, six of the new cases concern Cypriots. So far 254 persons with flu symptoms have been subjected to laboratory
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The European Central Bank expects the Bank of England to join its stock and bond settlement project and bring down costs for investors even further, ECB Executive Board member Gertrude Tumpel-Gugerell said on Monday. The ECB wants to launch Target 2 Securities in 2013 as a one-stop shop settlement service for securities trades. It aims
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