The U.S. Federal Reserve said on Tuesday that with pressure mounting again in financial markets, it was expanding a securities lending program and will accept a broader range of securities as collateral. “Under this new Term Securities Lending Facility (TSLF), the Federal Reserve will lend up to $200 billion of Treasury securities to primary dealers
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NEW YORK (Reuters) – U.S. stocks rallied on Tuesday, led by financial shares, after the Federal Reserve said it would add up to $200 billion to strained credit markets as part of a coordinated effort with other central banks. In an surprise announcement, the Fed said it was expanding a securities lending program and will
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The Governor of the National Bank of Greece (NBG) and Chairman of the Board Takis Arapoglou will visit Cyprus this week. During his visit, 13 – 14 March, Arapoglou will meet Friday morning the Primate of the Cyprus Church Archbishop Chrysostomos II and later on the Governor of the Central Bank Athanasios Orphanides, before giving
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Prospects of a political settlement in Cyprus and preparations for a visit to London by Cyprus President were the key issues of a meeting on Monday in Brussels between the Cypriot Minister of Foreign Affairs Markos Kyprianou and his British counterpart David Miliband. Specifically, the two Ministers discussed the prospects relating to the Cyprus problem,
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Representatives of the Greek Cypriot and the Turkish Cypriot communities will meet on Wednesday, under UN auspices, in a bid to press on with efforts to rekindle interest in a political settlement, which will reunite the country, divided since the 1974 Turkish invasion.Commissioner of the Republic of Cyprus’ Presidency George Iacovou and representative of the
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The overall rating outlook for the European automotive parts manufacturing sector remains negative amid expectations of still stagnant, or even declining, demand in Western Europe and the US and persistent pricing pressure from original equipment manufacturers (OEMs), Moody’s Investors Service said in a new Industry Outlook report. “The past two years proved challenging for the
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Despite recent progress, women in Europe are still shut out of top posts in both politics and business, says a new European Commission report. Across the EU, 24% of parliamentarians are women – up from 16% a decade ago – with a similar proportion holding ministerial office. In the private sector, men still represent 9
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Careers in information and communications technology (ICT) are often thought to be restricted to men. Such a common stereotype is far from the truth. Although the proportion of women graduating in engineering or computer science is still very low, young girls can expect a successful and rewarding career in the ICT sector. This topic is
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Just two years after being elected to parliament and a year after taking the reigns of the Democratic Party (DIKO) leadership, Marios Karoyian has been elected as President of the House of Representatives, with 36 votes in favour, none against and 15 abstentions from the opposition Democratic Rally. He replaces communist AKEL party General Secretary
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Nokia Siemens Networks and Germany’s mobile operator E-Plus Group have extended their frame cooperation to cover an expansion and upgrade of the E-Plus 3G radio network until 2010. The upgrade will allow the operator to increase network capacity and to offer new, high-quality services to its customers. Nokia Siemens Networks will expand E-Plus’ radio access
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