. Used to be that “when the U.S., sneezed, Europe caught a cold” and Cyprus would miraculously get away with a mild flu. The same applies now, as Cyprus banks and investments
BANK OF CYPRUS STRENGTHS – High liquidity – Proper risk management – Low cost/high productivity Bank of Cyprus, the island’s largest lender, is sure to withstand the global credit crisis and come
The ECB left the official rates unchanged after today’s meeting. As a result, the upcoming weekly refi operations, settled on October 8, will be conducted at a minimum bid rate of 4.25%.
By Dave Graham and Kevin Smith (Reuters) The chairman of euro zone finance ministers sided with Germany on Thursday in rejecting any need for a European rescue fund for distressed banks, but
By Boris Groendahl (Reuters) The European Union needs to coordinate deposit guarantees and a possible system of bank rescue funds, European Central Bank governing council member Ewald Nowotny told Reuters in a
The European Central Bank kept interest rates unchanged on Thursday but discussed a cut as financial market turmoil and slowing economic growth has caused inflation risks to ease, ECB President Jean-Claude Trichet
Nokia, the world's top mobile phone maker, will launch its free music package on Thursday, issuing a challenge to Apple's dominance of the digital music market. Nokia is expected to unveil more
Reuters The fate of the $700 billion Wall Street bailout plan is now in the hands of the House of Representatives and leaders are cautiously hopeful that Congress can complete action on
Cyta, which previously was short for Cyprus Telecommunications Authority is the new brand name of Cyprus’ state-owned telecom, which has relaunched itself with a new logo, identity and soon to come product
Cyprus can easily and immediately make available up to EUR 2 bln in emergency funds to support the island’s banking system, if there is such a need, even though Finance Minister Charilaos
