Bank of Cyprus renews top Management contracts

The Board of Directors of Bank of Cyprus Public Company decided to renew the contracts of employment of Messrs Andreas Eliades, Group Chief Executive Officer and Yiannis Kypri, Group Chief General Manager

New Cypriot MPs named

The names of the three new members of the House of Representatives, who will replace the recently elected Cypriot members of the European Parliament, were officially announced on Tuesday in two separate

Goldman earnings strong, Geithner upbeat

Strong Goldman Sachs profits and rising U.S. retail sales fanned optimism on Tuesday that global recession may be waning, but Europe showed signs of only stuttering economic recovery at best. Wall Street's

Cyprus building permits slip again in April

The number of building permits authorised in Cyprus slipped again in April, having risen in February and March, according to the latest data from the Statistical Service. The figures show that building

Oil above $60 as global equities rally

Oil prices rose by around a dollar to more than $60 on Tuesday as renewed confidence across financial markets helped to reverse some of last week's losses. U.S. crude rose by 91