Oil fell more than a dollar to below $61 a barrel on Thursday, after hitting a six-month high in the previous session on expectations of a rebound in the world economy. U.S. crude for July delivery was down $1.24 a barrel at $60.80 by 1254 GMT. It had settled at $62.04 a barrel, before trading

Euro zone economies showed signs on Thursday that the worst recession in six decades was easing, but prospects for a British recovery were clouded by a warning over government debt and political uncertainty. Ratings agency Standard & Poor's said it might cut Britain's rating after lowering its outlook to 'negative' from 'stable', citing rising government

A leftist urban guerrilla group said on Thursday it carried out a bomb attack in the Greek capital this week and another in March, saying it was protesting corruption and the killing of a teenager by police in December. No one was hurt in either explosion, part of a string of anarchist and leftist attacks

President of the Republic of Cyprus Demetris Christofias and Turkish Cypriot leader Mehmet Ali Talat have concluded their 29th meeting in the framework of the UN-led direct negotiations, currently underway with a view to reach a negotiated settlement. Speaking after the meeting, Alexander Downer, UN Secretary General’s Special Adviser on Cyprus, said that “the leaders

Cyprus Shipping Chamber's Immediate Past President Capt. Dirk Fry has been re-elected as Member of the Board of Directors of the International Chamber of Shipping (ICS) and Vice President of the International Shipping Federation (ISF), during the joint Annual General Meetings of ICS and ISF held in London on May 18-20. A press release issued

Cyprus and Syria have signed a memorandum of cooperation in the sector of renewable energy sources and saving energy. The memorandum was signed in Nicosia by Cypriot Minister of Commerce, Industry and Tourism Antonis Paschalides and Syrian Minister of Economy and Foreign Trade Amer Husni Lutfi. Paschalides and Lutfi exchanged views regarding issues of mutual

The Annual General Meeting of shareholders of Hellenic Bank Public Co (HB) approved a final dividend payment of EUR 0.02 per share for 2008 raising the total dividend to EUR 0.05/per share. The ex-dividend day is set on 27 May 2009, with dividend reinvestment scheme allowing a 15% discount on the bid-ask average of the

Hellenic Bank Group closed 2008 with a profit, before tax, of 44.6 million euro, despite marking lower profit compared to 2007. Speaking during Wednesday’s HB Shareholders’ Annual General Meeting (AGM), both the chairman of the board of Directors Andreas Panagiotou and the bank’s CEO Makis Keravnos said that despite the negative economic climate worldwide, the

European economies showed signs on Thursday that the worst recession in six decades was easing, but U.S. predictions of a hard road to recovery haunted global markets and fed fears of rising unemployment. Markit's Eurozone Flash Services Purchasing Managers Index (PMI), a measure of service and manufacturing activity, rose to 44.7 in May from 43.8