Ocean Tankers Holdings Public Company Ltd (OCT) announced that it decided to sell tanker M/T Gemi at the price of $28 mln, which had been acquired by the Company for $22.9 mln
Moody's announced that it has affirmed all ratings of Bank of Cyprus, with their stable outlook, following the completion of its acquisition of an 80% majority and controlling stake in Russia's Uniastrum
By Andrew Stern (Reuters) The next government stimulus effort is likely to target America's crumbling infrastructure, and experts say the funding is sorely needed with bulldozers ready to roll on scores of
U.S. President-elect Barack Obama nominated Congressional Budget Office chief Peter Orszag on Tuesday to be the director of the White House budget office. Obama, who will take office on Jan. 20, also
Former UBS AG chief Marcel Ospel, at the centre of a Swiss media campaign against excessive pay for UBS bankers, and other ex-board members agreed on Tuesday to return 33 million Swiss
European shares eked out a gain on Tuesday, as advances in banks and energy stocks offset falls in autos and drugmakers and a slide in Rio Tinto after BHP Billiton dumped a
Greece's third largest lender Alpha Bank reported a slight decline in net profit in the first nine months of the year and said it was suspending its expansion in eastern Europe due
Cyprus Airways boosted its fleet with an additional Airbus 319 which will arrive at the Larnaca Airport on Wednesday. The Airbus 319 will be given the name “Larnaca” and will carry 126
The European Union's fiscal boost plan should amount to at least 1 percent of gross domestic product, and the European Central Bank has room to cut interest rates, Eurogroup chairman Jean-Claude Juncker
The European Commission will propose on Wednesday a short, sharp boost to the recession-hit European economy including value-added tax cuts and a call for lower ECB interest rates, a draft document showed.
