Cyprus's tax receipts from real estate transactions fell 27 percent in the first ten months of the year though overall revenues were marginally higher than last year. Reflecting a downturn in the
With the UK economy in recession and unemployment, personal insolvencies and house possessions all rising sharply, the performance of Non-Conforming mortgages is likely to continue to deteriorate, says Moody's Investors Service in
Nokia has launched its new digital music site in Italy, Nokia Music Store, which already has a catalogue of more than 4 mln songs including top selling records from Universal Music Group,
Citigroup Inc faced a crisis of confidence on Wednesday as investors questioned the survival prospects of the U.S. banking giant, and its shares tumbled 23 percent to a 13-year low. The second-largest
The U.S. financial system still needs at least $1 trillion to $1.2 trillion of tangible common equity to restore confidence and improve liquidity in the credit markets, Friedman Billings Ramsey analyst Paul
Cyprus President Demetris Christofias concluded his official visit to Moscow (Thursday), having signed yesterday a joint declaration with the President of the Russian Federation Dmitry Medvedev to develop further bilateral ties and
Bank of Cyprus (BOC) and Russia's Uniastrum Bank signed a Memorandum of Cooperation with a view to promote a Small and Medium Enterprises (SMEs) lending programme in Russia. A press release issued
Cyprus Securities and Exchange Commission and Federal Financial Markets Service of Russia signed today a Memorandum of Understanding and Cooperation. A press release issued here today, notes that the Memorandum was signed
By Brett Young (Reuters) On a quiet Sunday in the "Lazy Town" warehouse, the man many of the world's children know as Sportacus was working up some optimism for Iceland. "The Icelandic
By Jim Finkle and Scott Malone (Reuters) Wall Street's pain is rippling through U.S. small businesses, as bankers who once pulled in million-dollar bonuses lose their jobs and cut back spending on
