By Deborah Charles When Jim Hann learned he would be laid off, he scheduled surgery to donate a kidney to his wife. Steve Drake rationed his asthma medicine after he was let go while two-time cancer survivor Roberta Furchak had to draw on precious retirement savings to ensure her tests were covered after she lost
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By Glenn Somerville and Simon Rabinovitch U.S. Treasury Secretary Timothy Geithner has a chance next week to persuade anxious Chinese authorities their investments in huge and growing volumes of U.S. debt securities are safe and sound. His visit to Beijing must deal with tough economic realities: the United States is issuing new debt in record
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Asian shares retreated from seven-months highs on Thursday as concerns grew that rising yields on U.S. government debt could push up borrowing costs and choke off a potential recovery in the world's largest economy. U.S. home sales picked up in April, but the positive sign was outweighed by worries that the U.S. government was incurring
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General Motors Corp moved closer to filing the largest bankruptcy ever for a U.S. industrial company after a crucial bond exchange proposal failed, while the fate of GM's European brand Opel remained uncertain after marathon talks with German officials ended without a deal. At the same time, bankrupt U.S. automaker Chrysler faced a key court
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Concerns about the debt burden facing countries trying to spend their way out of the economic downturn spooked investors on Thursday despite optimism from President Barack Obama that the U.S. economy was past the worst. "It's safe to say we have stepped back from the brink," Obama told a fundraiser in Beverly Hills. "There is
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President of the Republic of Cyprus Demetris Christofias and Turkish Cypriot leader Mehmet Ali Talat will meet on Thursday morning in the framework of direct negotiations which began last September with a view to reach a solution in Cyprus and reunify the island. During today’s meeting, which will take place at the UN protected area
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Cypriot and Czech businesspeople singed on Wednesday a Memorandum of Understanding for the promotion of cooperation between the two countries. The signing took place during a ceremony held in the Parliament of the Czech Republic in Prague, in the presence of the Czech Chamber of Deputies Speaker Miroslav Vlcek, the Presidents of Cyprus-Czech Business Association
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EU Enlargement Commissioner Oli Rehn has said that the EU urges the leaders of the two communities in Cyprus to continue negotiations with a view to achieve an overall settlement of the Cyprus problem by the end of 2009. Rehn was replying to a written question by Cypriot MEP Yiannakis Matsis who asked how the
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Nearly one in two Cypriots appears to be certain to vote at the European Parliament elections, according to a survey conducted for the European Parliament in all EU member states. According to the Eurobarometer survey, conducted between 4 – 15 May, 48% of Cypriots express certainty they would cast their vote at the upcoming EP
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The investing public is informed that the interest for the quarter 20/03/2009 -19/06/2009 on the Capital Securities 12/2007 issued by Bank of Cyprus Public Company Ltd will be paid on 20th June 2009. The record date for those eligible to the interest payment is 10th June 2009, that is holders of the above mentioned Capital
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