Irish airline Ryanair (RYA.I) on Monday posted a better-than-expected 550 percent rise in first quarter profit thanks to a large reduction in fuel costs but said its outlook remained cautious for the
The U.S. jobless rate is likely to stay high even once the nation exits recession some time in the next few months, Federal Reserve Chairman Ben Bernanke said on Sunday. Taping a
Bank of Cyprus announced a new five year shareholder agreement with George Piskov and Gagik Zakaryan, Chairman and President of Russian Uniastrum Bank respectively, thereby showing clearly the Bank’s confidence in Messrs
World stocks raced to fresh nine-month highs and oil rallied on Monday as a recent run of strong corporate earnings and anticipation for more boosted optimism for a recovery in the global
Primetel Plc (PTL), the alternative telecom provider announced that it has successfully completed the issue of the 5-year bond of EUR5 mln, which bears a stable interest rate payment of 6.75% per
The Cyprus Business climate index in July 2009 improved by 3.2 units month-on-month to 66.5 units, according to the Business and Consumer Survey conducted by the Economic Research Centre of the University
Palm Inc has fired another volley at Apple Inc in their smartphone war, as the two rivals tussle over whether iTunes should be compatible with Palm's new Pre smartphone. Palm, whose executive
Options Cassoulides Plc (OPT) announced that its subsidiary I.G Cassoulides & Son Ltd reached an agreement with Messrs. Anastasios Elias and Georgios Andreou (who already hold 50% of Marelia Development Ltd) for
Asian stocks rose for the ninth day in 10 on Monday, with investors still focused on upward momentum in corporate earnings, though some worried whether the gains were racing ahead of longer-term
Billionaire Bill Gates on Friday urged India to move away from low-cost labor toward high-end research and development to keep its giant IT sector competitive. On a visit to New Delhi, the
