MTN Group acquires 100% of MTN Cyprus

MTN Group announces that it has entered into an agreement for the acquisition of 50% equity interest in MTN Cyprus from its local partner, Amaracos Holdings, a company representing the interests of

Cyprus an excellent platform for export trade

Cyprus, despite the financial crisis, can offer foreign and local investors an excellent platform for export trade, President Demetris Christofias has said. Addressing a ceremony for the 2011 Export Awards, Christofias said

Barclays takes another $1.6 bn hit for mis-selling

Barclays set aside another 1 billion pounds ($1.6 billion) to compensate customers for mis-selling products, dropping another British banking bombshell as the industry struggles with the scale of redress for past misdemeanors.