Today sees the release of the Chicago PMI but the key focus will be on speeches by Fed’s Poole and Yellen. Yellen is known to be more of a dove but if the generally more hawkish Poole comes over as less hawkish, then expect the US yield curve to steepen further, allowing the dollar to
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Lebanon has requested urgent help from the EU’s civil protection mechanism to contain environmental damage caused by a major oil spill off the coast of Lebanon. The Ministry of Environment of the Republic of Lebanon has asked for assistance from the European Commission’s Monitoring and Information Centre (MIC) to mobilise the help of EU Member
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Lloyds TSB Offshore Limited” of Jersey has received a licence from the Central Bank of Cyprus to set up a branch here to carry on banking business in Cyprus, effective July 31, 2006 according to a Central Bank announcement. Lloyds TSB was established in Jersey in 1969, and has changed its name to “Lloyds TSB
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Expectations that Britain may be adapting its strict ban on arms exports to Cyprus have been made following comments by Britain’s Minister for Europe Geoffrey Hoon, in a written statement from the House of Commons. Earlier this year and after the refusal of President Tassos Papadopoulos to see the then Foreign Secretarty Jack Straw, Britain
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Cyprus Government Spokesman Christodoulos Pashiardis said on Thursday that the Greek Cypriot side will meet the deadlines set out by the agreement of July 8 on technical discussions between the two communities. On July 8 Cypriot President Tassos Papadopoulos and Turkish Cypriot leader Mehmet Ali Talat, met at the presence of UN Undesecretary-General for political
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A demonstration against the attacks on Lebanon held up the traffic in Nicosia at around 6pm on Thursday as demonstrators called for an immediate ceasefire. The demonstration was led by the communist coalition partner Akel. Meanwhile, a delegation of the European Left Party visited Lebanon on July 25-27 to participate in a demonstration of activists
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Cyprus will seeking to spread the refugee burden across all 25 member states at a meeting of EU foreign ministers on Tuesday. Cyprus has handled an estimated 50,000 refugees from Lebanon since the conflict began. Speaking in response to questions about the influx of refugees, Foreign Minister George Lillikas said “If there is such need,
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Industrial output recorded an increase in May, rising by 3.4% compared with the same month of 2005. All categories of industry rose: manufacturing rose by 2.3%–the first rise in 6 months—mining and quarrying rose by 13.0% and electricity, gas and water rose by 6.3%. The heavily weighted food, beverages and tobacco sector recorded a fall,
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