By Tom Miles HONG KONG, March 6 (Reuters) – A glimmer of hope for the U.S. economy lifted Asian stocks on Thursday, despite oil prices storming to a new high and many investors seeking shelter in rainy-day assets such as bonds and gold. Equity investors pinned their hopes on a report released on Wednesday by
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By John Whitesides, Political Correspondent WASHINGTON, (Reuters) – Barack Obama and Hillary Clinton on Wednesday faced a long fight for the Democratic U.S. presidential nomination, with Obama promising to get tougher on his rival and Clinton hinting the two could team up in November against Republican John McCain. McCain won the endorsement of President George
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SFS Group Public Company Limited announced that its subsidiary Lemissoler Shipping Group PCL, has sold five subsidiary companies, owners of five paper carriers, to the newly established company Lemissoler Maritime Company W.L.L. (“Lemissoler Maritime”) for the total amount of $27.600.000 (EUR18.150.729,98). The consideration comprises $19.500.000 (EUR12.823.885,31) in cash and a 12,5% stake in Lemissoler Maritime,
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Bank of Cyprus announced that it has been notified by Lone Pine Capital LLC that on Monday, 3 March 2008, the shareholding in Bank of Cyprus share capital of investment funds for which the latter acts as the investment manager exceeded 5%. Specifically, on 3 March 2008, these investment funds held in total 28.696.054 Bank
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By Eva Kuehnen FRANKFURT, March 6 (Reuters) – European shares were down at midday on Thursday, led lower by financials after Dutch firm Aegon posted disappointing results, while upbeat earnings from E.ON and retailers lent support. By 1147 GMT, the pan-European FTSEurofirst 300 index was down 0.2 percent at 1,298.15 points, trimming some of its
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The Bank of England held interest rates at 5.25 percent, but is widely expected to cut them by the middle of the year to shore up an economy buffeted by the global credit crunch. All but one of 65 economists polled last week forecast the Bank would leave rates on hold after cutting them twice
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Cyprus‘s newly elected President Demetris Christofias said on Thursday he was likely to meet Turkish Cypriot leader Mehmet Ali Talat later in March, the first such meeting on the island in years. Christofias was elected on Feb. 24 pledging to restart reunification talks between the Greek and Turkish communities on the island, whose division remains
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Cyprus’s economy would gain at least 1.8 billion euros on an annual basis if there were a reunification deal on the ethnically-partitioned island, economists said. Economic benefits would come mainly from new business opportunities with Turkey, tourism revenue and construction, the survey sponsored by the Norway-based PRIO peace institute said. “Translated into household income the
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The European Central Bank kept interest rates at 4.0 percent on Thursday as expected, as risks to economic growth are not yet big enough to overshadow the Governing Council’s worries about inflation. The European Central Bank kept interest rates at 4.0 percent on Thursday as expected, as risks to economic growth are not yet big
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Inflation in Cyprus reached 4.9% in February 2008, compared to 1.5% recorded in February 2007. According to figures released by the Cyprus statistical service (CyStat), for the period January-February 2008, the Consumer Price Index (CPI) recorded an increase of 4.6% compared to the corresponding period of 2007.The CPI for February 2008, increased by 0.53 units
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