Cypriot lender Marfin Popular posted a record full-year net loss of 2.5 bln euros ($3.3 bln) on Wednesday, hit by a writedown to its Greek sovereign debt holdings. The bank said it
European stocks climbed early on Wednesday, keeping their 2-1/2 month rally alive as investors bet the European Central Bank's new funding operation will ease tensions in the banking sector and boost appetite
Cyprus, Ireland and Spain are the European countries that registered the sharpest fall on house prices as a result of their severe new supply overhangs and economic problems, according to the latest
Asian stocks rose to a seven-month high while the euro and commodity currencies held their ground on Wednesday on hopes a fresh cash injection by the European Central Bank will help further
The Indian government is set to raise at least $2.5 billion by selling a 5% stake in Oil and Natural Gas Corp (ONGC) on Thursday, aiming to patch up its widening fiscal
* Swings to loss on Greek debt * Hellenic Bank posted a net loss of 99.5 mln euros last year, hit by a 70% writedown on its Greek sovereign debt holdings, the
**The crisis is an opportunity to act ** Published 8 February 2011. The Cyprus economy needs a new strategic direction if it is to tackle the big challenges facing it in the
Revenue from tourism inched up by 0.7% over the year earlier to EUR 30.0 mln in January 2012, compared with EUR 29.8 mln in January 2011, according to the Passengers’ Survey. This
Industrial output prices surged over the year earlier in January, rising by 8.0% compared with January 2011. Compared with December, the index reached 134.5 (base 2005=100), recording an increase 1.4% compared with
Outbound tourism declined by 4.2% over the year earlier in January, with 79,777 residents of Cyprus returning from a trip abroad compared with 83,243 in January 2011. Either declining business with Greece
