The efforts made by the government aim to make Cyprus an ideal place for foreign investments which will have a positive effect on the overall Cypriot economy, Government spokesman Stephanos Stephanou has
Hellenic Bank Public Company Ltd announced that has raised EUR 90 mln through the issue of bonds maturing 2019. The issue was dispersed to investors with a minimum sum of investment of
Moody's Investors Service has cut the outlook on Bank Hapoalim’s A1 long-term domestic and foreign currency deposit ratings, A1 senior and A2 subordinated debt ratings to negative from stable. The outlook on
Greek Prime Minister Kostas Karamanlis has stressed that Turkey’s path towards the EU and the full normalisation of its relations with Greece depend on the solution of the Cyprus problem. Speaking before
The world economy will shrink 1-2 percent this year, World Bank President Robert Zoellick forecast, as a slew of European and U.S. data pointed to declines in demand, production and employment on
Economic gloom returned to financial markets with a vengeance on Thursday with warnings about further declines in demand and production hitting equities and boosting bonds. Japan's yen rose strongly as investors began
The yen rallied broadly on Thursday, rising more than one percent against the dollar and euro, as Japanese investors repatriated funds and short-term speculators bought yen. Japanese investors typically bring home funds
Apple introduced a smaller version of its popular iPod Shuffle music player on Wednesday with a new feature that tells the user what song is playing. The new 4-gigabyte gadget costs $79,
Google Inc is seeking to blur the line between the telephone and the computer even further with the introduction of Google Voice on Thursday. The new service weaves traditional phone features with
Britain's Home Retail Group Plc , owner of the Argos high street catalogue and Homebase do-it-yourself chains, said it was prepared for an "extremely challenging" 2009, with profits expected to slump 40
