. BY MICHALIS MAKROMINAS The ratio of Book Value of Equity to Market Value of Equity (henceforth B/M ratio) has always presented a puzzle in contemporary finance. Book Value of Equity is
Hong Kong shares snapped a six-session winning streak on Monday as investors sold some of this year's outperformers after Beijing failed to meet expectations for a cut in the bank reserve ratio
Government Spokesman Stephanos Stephanou said on Saturday that the government aims at finding a strategic investor for Cyprus Airways, the island’s national air carrier. Asked whether the government would sell the majority
EU leaders will sign off on a permanent rescue fund for the euro zone at a summit on Monday and are expected to agree on a balanced budget rule in national legislation,
The euro came off six-week highs against the dollar on Monday as investors took profits made on its strongest weekly rally in more than three months and cautiously awaited a debt swap
Brent crude edged down on Monday as investors cautiously eyed a European Union summit for a resolution to the region's debt crisis, but prices stayed above $111 per barrel on concerns over
Prime Minister Lucas Papademos sought backing on Sunday from leading Greek party leaders for painful and unpopular reforms that the near-bankrupt country must negotiate now that a long-awaited debt relief deal seems
Fitch downgraded the sovereign credit ratings of Belgium, Cyprus, Italy, Slovenia and Spain on Friday, indicating there was a 1-in-2 chance of further cuts in the next two years. In a statement,
Greece and its private creditors worked on stitching together the final bits of a complex debt swap agreement on Saturday, amid growing optimism a deal will be clinched in time to avert
Germany is pushing for Greece to relinquish control over its budget policy to European institutions as part of discussions over a second rescue package, a European source told Reuters on Friday. “There
