The five permanent members of the Security Council have reached a decision on the draft of the presidential statement which is expected to be read after its members are briefed by UN Secretary General’s Special Adviser for Cyprus Alexander Downer. Unanimity is required to adopt the statement and the Mexican President of the Council, has
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Bank of Cyprus Public Company Ltd (the Bank) announced that the Cyprus Securities and Exchange Commission has approved on 30 April 2009 the Prospectus for the issue and listing on the Cyprus Stock Exchange and Athens Exchange of up to 645.327.822 Convertible Capital Securities of nominal value EUR1,00 each. The right to participate in the
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European stocks were up 2 percent around midday on Thursday, turning positive on the year as banks and insurers surged while a flurry of positive results eased fears over the outlook for corporate profits. At 1106 GMT, the FTSEurofirst 300 index of top European shares was up 2 percent at 832.79 points, a level not
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The European Commission is leading member states' coordination efforts to exchange information on surveillance, case definition and measures taken by EU countries to respond to this novel flu virus. The Commission said in an announcement that “the situation is changing rapidly and the European Centre for Disease Prevention and Control is monitoring the situations on
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Moody's Investors Service has downgraded Montenegro's government bond rating to Ba3 from Ba2, reflecting the country's deteriorating economic environment. The outlook remains negative. "The economic recession will likely cause a decline in government revenues, leading to higher debt that will persist over time," said Kenneth Orchard, Vice-President/ Senior Analyst in Moody's Sovereign Risk Group. "Moreover,
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Euro zone inflation remained at a record low of 0.6 percent year-on-year in April, a first estimate showed on Thursday, as unemployment continued to climb quickly amid the worst European recession since World War Two. Data from the European Union's statistics office showed consumer inflation in the 16 countries using the euro remained unchanged from
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Oil rose towards $52 a barrel on Thursday, extending the previous day's gains as traders focused on improving economic data and draining fuel stocks rather than the swine flu outbreak. A surprise 4.7 million barrel decline in U.S. gasoline stocks ahead of the driving season and stock market gains aided oil's 2 percent rise on
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World stocks scaled a four-month peak on Thursday, powered by solid gains in Asia, as investors took heart from signs of improvement in the U.S. economy suggesting regional exporters may need to start cranking up production. European shares (.FTEU3) also rose in early trade, gaining more than a percent. A record drop in U.S. business
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European stocks gained on Thursday for the second consecutive day, led by mining stocks, as a wave of European blue-chip earnings gave investors reason for optimism ahead of important U.S. data later in the day. At 0802 GMT, the FTSEurofirst 300 index of top European shares was up 1.5 percent at 828.95 points, after gaining
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Britain's top share index gained 1.4 percent early on Thursday as the Federal Reserve inspired confidence that things may be improving for the ailing global economy, lifting investor confidence and bolstering commodity stocks and banks. By 0807 GMT the FTSE 100 was 58.50 points higher at 4,248.09 after gaining 2.3 percent on Tuesday to post
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