Cyprus President Demetris Christofias called for joint action in a bid to combat corruption in the Police Force. The President was addressing a ceremony for the granting of the appointment acts of the new Chief of Police and Deputy Chief of Police Miclalis Papageorgiou and Andreas Nicolaides respectively. Papageorgiou succeeds Iacovos Papacostas who resigned on
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U.S. consumer confidence fell in June after two straight months of gains. The Conference Board, an industry group, said on Tuesday its index of consumer attitudes dropped to 49.3 from 54.8 in May. The Present Situation Index slid to 24.8 from 29.7. Americans saying jobs are "hard to get" increased to 44.8 percent from 43.9
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Britain's FTSE 100 index of leading shares is seen regaining only some of the ground lost in 2008's dramatic crash as the economy gradually emerges from recession over the coming year, a Reuters poll showed. The quarterly poll of 13 strategists, taken over the last week, gave median forecasts for the FTSE 100 of 4,600
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Commerce, Industry and Tourism Minister Antonis Paschalides departs Wednesday for Romania on an official visit, heading a business delegation organised by the Ministry in cooperation with Cyprus Chamber of Commerce and Industry (KEBE) and the Cyprus – Romanian Business Association. During his visit to Bucharest, Paschalides will have official meetings with his Romanian counterpart, namely
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Britain's top share index was flat in late morning trade on Tuesday as energy stocks got a lift from higher crude prices, offsetting losses in food retailers, tobacco and beverage companies. By 1032 GMT, the FTSE 100 index was 0.44 points lower at 4,293.59 after gaining 1.3 percent in the previous session. The blue chip
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Stock futures pointed to a higher start on Wall Street on Tuesday, with futures for the S&P up 0.4 percent, Dow Jones futures up 0.2 percent and Nasdaq 100 futures up 0.1 percent at 5 a.m. EDT. In Europe, shares rose for a second straight session on Tuesday and were on track to post the
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General Motors Corp (GMGMQ.PK) is heading to bankruptcy court on Tuesday to seek approval to sell its assets to a "New GM" in a plan to reinvigorate the automaker under U.S. government ownership. GM is seeking approval for the sale from U.S. bankruptcy Judge Robert Gerber just 30 days after filing for Chapter 11. Under
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European shares rose for a second straight session on Tuesday and were on track to post the biggest quarterly rise since late 1999, with banks advancing and commodity shares tracking higher crude oil and metals prices. At 0839 GMT, the FTSEurofirst 300 index of top European shares was up 0.1 percent at 860.11 points after
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There needs to be a radical simplification of some banking group structures and more information given to the central bank about how banks would fund themselves in an emergency, Bank of England Deputy Governor Paul Tucker said on Tuesday. "Banks must structure and run themselves to permit orderly wind down. And they must invest to
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Industrial production fell sharply in May, according to the latest figures from the Statistical Service. The index of industrial production for April 2009 reached 92.8 (base 2005=100), recording a decrease of 10.9% compared with April 2008. For the period January – April 2009, the index recorded a decrease of 9.5% compared with the same period
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