New Supreme Court judge sworn in Cyprus

President of the Republic of Cyprus Demetris Christofias on Monday appointed Costas Clerides judge of the Supreme Court, in the place of Rallis Gabrielides who passed away. Speaking during the swearing in

Hellenic Bank forecasts 1Q loss

Hellenic Bank expects to make a loss in the first quarter due to a reduction in operating profits and higher provisioning. Hellenic, which is Cyprus's third-largest bank, said it also had a

GM plans deep plant, job cuts

 General Motors Corp on Monday announced plans to slash plants, hourly workers and dealers and to eliminate its Pontiac brand in an effort to meet government demands for a quicker and deeper

AIG’s ILFC unit gets bids less than $5 bln

American International Group Inc (AIG.N) has received second-round bids from three groups for its aircraft leasing business, valuing the unit at under $5 billion, a source familiar with the matter said on