U.S. banking regulators are not pursuing nationalization of troubled institutions struggling to shed toxic assets from their balance sheets, the chairman of the Federal Deposit Insurance Corp said on Wednesday. "Nationalization means
Apple Inc Chief Executive Steve Jobs wasn't even there, but at times it seemed like it was all anyone talked about at the firm's annual shareholders' meeting on Wednesday. In a lively,
The world's top cellphone maker Nokia is eyeing entering the laptop business, its Chief Executive Olli-Pekka Kallasvuo said in an interview to Finnish national broadcaster YLE on Wednesday. "We are looking very
Governor of the Central Bank of Cyprus Athanasios Orphanides assured on Wednesday that the global financial crisis has affected Cyprus to a lesser extent compared to other EU countries, and that the
British house prices fell by a bigger-than-expected 1.8 percent in February for a record annual decline of 17.6 percent, figures from mortgage lender Nationwide showed on Thursday. The 15th consecutive monthly fall
The United States launched a "stress test" programme to judge banks' resistance to a possible deeper recession, as investors await President Barack Obama's budget proposal to see what support it will give
Asian stocks edged lower on Thursday after an early rally fizzled and investors found few incentives to make long-term bets with economic and corporate profit prospects worsening. Major European stock markets were
President of the Republic Demetris Christofias said on Wednesday that, despite any obstacles, educational reform will become a reality during his term in office. The President was speaking at an event to
Cyprus Airways will be cancelling their two flights from Larnaca to Athens via Paphos and their flight from Athens to Larnaca via Paphos, as of March 30, 2009. In a press release,
Bank of Cyprus Board has decided to proceed with the issue of convertible capital securities up to EUR 645 mln in an effort to further strengthen its capital. According to the Group’s
