. BY STAVROS A. ZENIOS Cyprus society lost four billion euros as a result of bank investments in Greek government bonds. This is a conservative estimate. Losses are expected to be much
The case for Cyprus DR. JIM LEONTIADES Cyprus International Institute of Management Too much borrowing. That is the common root of much of the current financial crisis. If growth is to be
European Commission President Jose Manuel Barroso has added his voice to warnings that Greece could be forced to leave the euro if it did not stick to its agreements with other members
Asian shares slid on Friday, driving declines in other risk assets, as deepening euro zone political turmoil and weak economic data from China raised growth concerns, while a huge hedging loss from
The second licensing round for the exploration of hydrocarbons is expected to get underway on Friday with the Trade Minister saying that “a very big number of companies” have shown interest to
Prices of residential apartments in Greece slumped by almost a tenth in the first quarter of 2012 and the volume of property transactions halved, the central bank said, illustrating the depth of
The Bank of Cyprus Group, the premier Cypriot lender with extensive exposure to the troubled Greek market, announced “optimistic” results for the first quarter, with profits after tax rising 33% to 99
Norway's $610 billion oil fund has cut its exposure to euro-denominated debt to below 39% of its overall bond holdings, the fund told Reuters on Thursday. The fund was commenting after a
Greece's jobless rate hit a new record in February, underlining the hardship that drove voters to reject an international bailout and plunge the country deeper into crisis in Sunday's election. Greece's recession,
Want a flutter on Greece leaving the euro zone? It may already be too late. A surge in bets has forced Britain's biggest bookmakers William Hill Plc and Ladbrokes Plc to suspend
