President of the Republic Demetris Christofias has expressed optimism over the course of the Cyprus' economy while he praised the work of the Minister of Finance and his colleagues “who are working day and night”. In statements during his today’s visit to the Housing Finance Corporation in Nicosia, President Christofias said that Cyprus's growth rate
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World stocks edged higher on Tuesday, shrugging off earlier weakness and adding to a buoyant session a day ago. The dollar also reversed direction and fell again against a basket of major currencies. MSCI's all-country world stock index was up 0.2 percent, close to the new 2009 high it reached on Monday. European shares were
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Chinese officials are giving U.S. efforts to pump up its ailing economy a vote of confidence and understand why higher budget deficits are a temporary necessity, U.S. Treasury Secretary Timothy Geithner said on Tuesday. Geithner, on his first visit to China as Treasury chief, gave fresh assurances that Beijing can sleep easy over its huge
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Banks retreated after a major shareholder sold its holding in Barclays, while energy stocks gave up some of their recent gains on backtracking crude prices, denting the FTSE 100 early on Tuesday. By 0754 GMT Britain's leading share index was down 51.20 points, or 1.1 percent at 4454.49 percent after advancing 2 percent on Monday
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European shares fell early on Tuesday, as investors pointed to profit taking following the previous session's strong gains when the FTSEurofirst 300 closed at its highest level in nearly five months. At 0712 GMT, the FTSEurofirst 300 index of top European shares was down 0.2 percent at 884.34 points. "For this morning it is a
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Microsoft Corp on Monday offered a glimpse into a future where the Xbox 360 console is the centerpiece of any living room, and games, social interaction and communications are controlled with the wave of a hand. At a star-studded event at the annual E3 video game conference that drew appearances by Paul McCartney and Steven
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Acer, the world's No. 3 PC brand, said on Tuesday it plans to sell netbook PCs that run on Google's Android software in the third quarter of this year. Acer's global president for IT products, Jim Wong, made the announcement during a news conference at Computex, the world's second-largest PC trade show.
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Marfin Popular Bank Public Co Ltd announced that in accordance with the 2008 Dividend Re-investment Plan the re-investment price of the 2008 dividend into shares of the Bank is EUR2,25. It is reminded that this price is, in accordance with the terms of the Plan, 10% lower than the average closing price of the Bank’s
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The CSE Council decided to suspend the trading of BOCY’s Convertible Bonds 2013/18 (BCCB) as of Tuesday, 2 June 2009 until Monday 15 June 2009 (included) in order to secure the proper operation of the market and to finalize the procedure of applications, exchange and final distribution of the new convertible capital securities of the
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Abu Dhabi government-owned International Petroleum Investment Company (IPIC) on Tuesday sold about 3.5 billion pounds ($5.74 billion) of shares in Barclays at 267 pence each, traders said on Tuesday. The sale price represents a 16 percent discount from Monday's close of 316.25p. Barclays declined to comment. The sale will reap a profit of about 1.5
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