Britain's top share index gained 0.3 percent by midday as a rebound in crude prices lifted energy firms, while defensive tobacco stocks and drugmakers also rose outweighing weakness in heavyweight Vodafone. By 1107 GMT, the FTSE 100 rose 11.04 points at 4,263.61, after falling 0.6 percent on Thursday's close. Oil majors added the most points
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Oil rose towards $71 a barrel on Friday after Nigerian rebels said they blew up a wellhead in a Royal Dutch Shell oilfield and as equity markets rallied on perceptions the global recession was easing. The move followed a 2 percent gain on Thursday and put oil on course for a 7 percent gain this
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The Electricity Authority of Cyprus (EAC) has backed down from the imposition of a 3% surcharge on all household electricity bills, which was set to go into effect from July 1, 2009 to pay towards the EUR 11 mln fine imposed by the EU on Cyprus for exceeding EU quotas on CO2 emissions. The decision
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Cyprus and Ukraine signed here on Friday a tourist agreement. The agreement was signed by Cyprus Commerce, Industry and Tourism Minister Antonis Paschalides and the Minister of Culture and Tourism of Ukraine Vasyl Vovkun. In statements after the signing ceremony, Paschalides said that the agreement would further enhance tourist relations between Cyprus and Ukraine. “There
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By Adam Cox Between navigating the European Union's economic crisis and paving the way for success at a make-or-break climate summit, Sweden faces some daunting tasks as it takes on the EU presidency next month. But the Nordic country of just 9 million people — home to less than 2 percent of the 27-nation group's
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By Tom Perry Lebanon's Saad al-Hariri has led his allies to electoral victory twice in a short political career defined by the deep crisis unleashed by the assassination of his father, Rafik. Success in his next political test, as prime minister of the divided country, will hinge on lasting reconciliation with rivals allied to neighbouring
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Greek and Turkish Cypriot leaders on Friday agreed to open a new checkpoint linking the two sides on the divided island in a move expected to boost slow-moving peace talks. The crossing point, in a remote semi-mountainous region in the north-west of the island, had been a long standing demand from locals living on both
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Oil and metal prices rose on Friday, driving a rise for world stocks, while the U.S. dollar and government bond prices slipped as investors gingerly put funds back into riskier assets. U.S. crude prices climbed towards $71 a barrel, extending a 2 percent gain the day before, after rebel attacks on Nigerian oil facilities disrupted
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Oil rose to $71 a barrel on Friday after Nigerian rebels said they blew up a wellhead in a Royal Dutch Shell oilfield in the Delta state and as equity markets rallied on optimism the recession was easing. The rise in oil followed a 2 percent gain on Thursday and put it on course for
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Asian share markets rose on Friday as higher oil and metals prices boosted resource stocks, while the dollar fell on lower U.S. yields and as investors gingerly shifted some funds back into riskier assets. In Europe, shares were set to rise with resource stocks also poised to gain, while Swiss lender UBS AG said it
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