Bank of Cyprus has cut the final dividend proposed for 2008 to 12 euro cent per share in an effort to save cash and allow it to increase its capital adequacy ratio
Air traffic at Larnaca airport marked an increase of 10,3% for aircrafts and of 10,1% for passengers in November 2008, compared to the same month of 2007, according to the statistics of
Britain's Treasury and top banks were hammering out final details of a plan to limit lenders' losses on about 500 billion pounds ($728 billion) of risky assets, which the government said should
Two new pan-EU bodies should be set up to monitor risks and better coordinate supervision of financial institutions in Europe, a report to the European Commission is to recommend on Wednesday, according
World stocks rose on Wednesday from the previous day's six-year lows but gains were capped by the threat of future sovereign ratings downgrades, a prospect that also boosted bonds and the dollar.
Plunging exports drove Japan's trade deficit to a record high in January and caused a sharp contraction in Germany as EU plans took shape to bolster financial supervision blamed for exacerbating the
World stocks rose on Wednesday from the previous day's six-year lows after Federal Reserve chairman Ben Bernanke signalled nationalisation of big banks was not at hand, while the yen fell across the
Federal Reserve Chairman Ben Bernanke warned on Tuesday the "severe" U.S. recession could drag into next year, but said banks should be able to weather the downturn without being nationalized, cheering markets.
Gamers beware: Keeping too tight a grip on the console and furiously pushing the buttons can cause a newly identified skin disorder marked by painful lumps on the palms, Swiss scientists said
Asia stocks edged up on Wednesday as reassuring comments from Federal Reserve Chairman Ben Bernanke sparked a rebound in battered financial shares, while the yen slid further on Japan's mounting economic and
