BERLIN, March 7 (Reuters) – German authorities investigating tax evasion by Germans using banks in Liechtenstein have received a new offer of confidential information on accounts held there, officials said on Friday. The finance ministry did not disclose who was behind the offer, the latest twist in a tax dodge probe that started in Germany
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Central bankers from the world’s industrialised and developing regions voiced concern over surging food and energy prices, their latest big challenge as globalisation unsettles the balance of supply and demand. At a Paris conference, central bankers from rising economic powers such as China and India as well as the advanced economies of Europe and North
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EUR/CHF plunges sharply lower  Cypriot speculators are in for a rough ride this year – in addition to the more than 30% hit from the drop in local equity prices, they are now witnessing a sharp appreciation in the value of the Swiss franc (CHF) against the euro. Hence, all those who borrowed in
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European Finance Ministers approved the Cyprus Stability Programme for the period 2007-2011, which aims to maintain the budget surplus and the gradual reduction in public debt by 2011. The Cyprus programme was presented at the ECOFIN meeting Tuesday by Cyprus’ newly appointed Finance Minister Charilaos Stavrakis, who stressed that “we have a new government and
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By Christa Nicolaou Athens, (CNA) – The excellent relations and close cooperation between Athens and Nicosia were reconfirmed during a meeting here today between the newly elected Cypriot President Demetris Christofias and the Greek Premier Kostas Karamanlis. The two leaders agreed on more regular contact and consultations in view of anticipated developments in the Cyprus
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By Christa Nicolaou Athens, (CNA) –Cypriot President met here today Greek political leaders, as part of his working visit to Athens. Main opposition PASOK leader George Papandreou assured President Christofias that as President of PASOK and President of the Socialist International he will stand by him in efforts to reach a just solution to the
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by Apostolis Zoupaniotis United Nations, (CNA) – UN Under-Secretary General for Political Affairs Lynn Pascoe has announced the creation of a UN Standby Team of Mediation Experts who would help carry out the Secretary-General’s efforts for fast and effective mediation, adding that they could also help in the case of Cyprus. Asked by CNA how
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Following the completion of the public offer submitted by N.K. Shacolas (Holdings) Ltd (NKS) Public for control of the majority shares of Cyprus Trading Corporation Pcl (CTC), the acquirer, NKS announced that it now controls 84.93% of the share capital of CTC. Following this development, CTC is most likely to apply to the CSE to
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Federal Reserve districts all saw decelerating economic growth in early 2008, even as prices pressed upward almost everywhere, the central bank’s “Beige Book” report on economic conditions said on Wednesday. “Reports from the twelve Federal Reserve Districts suggest that economic growth has slowed since the beginning of the year,” the Fed said in its anecdotal
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US investment guru Warren Buffett has ousted his friend and occasional bridge partner Bill Gates as the world’s richest man, Forbes magazine says. The Microsoft co-founder had topped the Forbes business magazine’s rich-list for the past 13 years. The magazine estimated Buffett’s worth at $62 bln in its annual ranking of the world’s wealthiest people.
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