The EU expects that Turkey will contribute to a favourable climate to achieve a comprehensive settlement on the reunification of Cyprus, Enlargement Commissioner Olli Rehn has said, adding that the EU can accept any solution agreed by the two communities, as long as a united Cyprus respects the Union's founding principles and is able to
More
Interfund Pcl (INF.CY) reported a massive EUR 45.75 mln loss for the first nine months of 2008 compared to EUR 27.5 mln profits in the same period a year ago and EUR 25.45 mln for the whole of 2007. Losses per share jumped to a staggering 80.79 euro cents per share from 49.74 euro earnings
More
Marfin Popular Bank Public Co Ltd announced that its Board of Directors will meet on Thursday, 27 November 2008 to consider, among other subjects, the Financial Results for the period January – September 2008. The results will be announced on the same day to the Athens Stock Exchange and to the Cyprus Stock Exchange and
More
Russian President Dmitry Medvedev proposed extending the presidential term by two years on Wednesday, a step analysts said could prepare the ground for Vladimir Putin to return to the Kremlin. Medvedev, who took over from Putin as head of state in May, said the presidential term should go up from four to six years to
More
By Noah Barkin (Reuters) With Barack Obama as their new partner in Washington, European governments see a chance to make headway on a range of global issues, from combating climate change to containing Iran's nuclear programme. The president-elect is not well known to European leaders and officials here are uncertain what priorities he will set
More
France's biggest bank BNP Paribas posted a 56 percent fall in third-quarter profits, Allied Irish Banks cut its earnings forecast, and Greece's Emporiki Bank swung to a loss in a sign that the financial crisis is having a profound negative impact on the profitability of financial institutions. Capital rebuilding continued in the face of a
More
Key findings of the progress reports on the candidate countries: Croatia, Turkey and the former Yugoslav Republic of Macedonia: Croatia EU accession negotiations began with Croatia on 3 October 2005 and are progressing well. 21[1] out of 35 negotiation chapters have been opened so far. Out of these chapters, four have been provisionally closed[2]. Based
More
Oil fell 4 percent to below $68 a barrel on Wednesday, reversing some of the previous day's steep surge, after Barack Obama's victory in the U.S. presidential election boosted the dollar. Markets had rallied sharply on Tuesday, partly on anticipation of the victory, which some analysts said should help extend the U.S. dollar's recovery. "Prices
More
British manufacturing output fell for the seventh month and by far more than expected in September to mark the longest stretch of monthly declines in 28 years, official data showed on Wednesday. The Office for National Statistics said manufacturing output fell by 0.8 percent in September, twice the rate of decline forecast by analysts, pushing
More
Britain's top share index fell 2.5 percent early on Wednesday, snapping a six-day rising streak, as the focus returned to the slowdown in the global economy after investors digested Barack Obama's U.S election victory. By 0903 GMT, the benchmark FTSE 100 lost 118.88 points to 4,520.62. The index recorded its highest closing level in four
More