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Tuesday, 16 April 2024
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Cyprus News Agency: News in English, 06-12-27Cyprus News Agency: News in English Directory - Previous Article - Next ArticleFrom: The Cyprus News Agency at <http://www.cyna.org.cy>CONTENTS
[01] CYPRUS STOCK MARKET - SECOND WORLDWIDEThe Cyprus stock market was second last year worldwide after Peru, with returns of 157%, according to an annual review by Thomson Financial, published in Sunday Times.The analysis by the financial-information firm underlines the growing importance of these emerging economic powerhouses to investors as well as to trading partners. The review adds that the populous and fast-growing Bric economies Brazil, Russia, India and China produced the four best performances among major stock markets last year. China was the best-performing major market, the Shenzhen A-share index delivering total returns of 101.7% last year for a dollar investor. The Russian market rose by 65.8%, the Brazilian market by 40.9% and the Indian market by 36.6%. All these figures are calculated to include dividends and were calculated in dollars thus neutralising currency changes. The much larger British and American stock markets also performed well last year, but trailed far behind the Bric markets. In dollar terms, the FTSE 100 delivered a total return of 26.3%, making it the 56th best- performing market among the 93 tracked by Thomson. The 14% gain in the S&P 500, the broader American index, ranked 84th. Some smaller stock markets did even better than China. Peru was the best performer, producing a 182% gain on the back of its metals industry. Cyprus was next with returns of 157%, the review notes. The worst performers included several Middle East stock markets, hurt by the bursting of the oil bubble. Investors in Jordan were the worst hit, suffering losses of 34%. Kuwait, Lebanon, Turkey and Bangladesh also produced negative returns. [02] CYPRUS - EMUCyprus will apply to enter the European Union`s Economic and Monetary Union (EMU) on February - March next year, Cypriot Finance Minister Michalakis Sarris told CNA today.According to Sarris, in its application Cyprus will state the reasons for which deems it is ready to join the Euro, which will be assessed by the competent organs in the European Commission by next June and will be ratified by the European Council to be followed by the irrevocable fixing of the Cyprus pound to the euro. [03] CYPRUS - SNOWTemperatures below normal, snow on mountainous areas, and strong winds are today`s weather characteristics in the easter Mediterranean island of Cyprus.[04] CYPRUS - 73RD IN FIFA LISTCyprus national football team have jumped to the 73rdth position worldwide, collecting a total of 428 points according to FIFAs 2006 annual list.In 2004 Cyprus finished in the 108th position with 442 points while in 2005 the Cypriot team took the 96th position with 472 points. Cyprus News Agency: News in English Directory - Previous Article - Next Article |
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