Greece's largest toy retailer, Jumbo said sales for the fiscal first quarter to end-September were seen rising by about 20 percent, despite current market turmoil. Last month, Jumbo reported a 21.5 percent
Greece's fourth largest lender, Bank of Piraeus will post "positive" results for the nine-month period, its president said. Michael Sallas also shot down media reports that the bank was facing liquidity problems
Marfin Investment Group (MIG) will not make a bid to buy Bank of Piraeus or Bank of Cyprus, MIG's Executive Vice-Chairman Andreas Vgenopoulos said on Wednesday. "At this point, there are two
Hellenic Bank Public Company Ltd (HB.CY) announced that on 30 September 2008, letters regarding the option of reinvestment of dividends have been sent to shareholders who haven’t yet given directions related to
The European Commission has decided to pursue infringement procedures against Cyprus and 11 Member States for failure to implement certain Internal Market Directives into national law. The Commission will refer Austria, Belgium,
The annual consumer price inflation rate fell for the second consecutive month in September as oil prices levelled off, but remained high by historical standards. The consumer price index rose by 5.3%
Federal Reserve officials are weighing further interest rate cuts, even if Congress approves a $700 billion financial industry bailout, because of a worsening economic outlook, the Wall Street Journal said on Thursday.
The U.S. Senate's approval of a revised crisis bailout bill helped boost European stocks and lift the dollar on Thursday but economic worries weighed on Asia and concern about final passage of
The U.S. Senate endorsed a revised $700 billion plan to tackle a financial crisis that has shaken world markets and drawn warnings of approaching economic catastrophe. The plan now faces a final
Retailer Marks & Spencer is reining in investment, slashing costs and stepping up promotions amid signs of worsening consumer sentiment in the UK as house prices fall at the fastest rate for
