By Jo Winterbottom (Reuters) Italy may have earned a bad name for changing the rules to rescue its corporations, but in these straitened times Prime Minister Silvio Berlusconi's bespoke bailout of airline
LONDON, Sept 12 (Reuters) – Britain's third largest package holiday operator, XL Leisure Group, said on Friday it had gone into administration and grounded all flights, leaving thousands of holidaymakers stranded. In
Lambros Christophi has resigned from his position as CEO of Aspis Holdings Pcl (ASP.CY) and from the Boards of all Group companies citing personal reasons and because as he put it, he
The Cyprus Inland Revenue Department (IRD) announced that total tax receipts during the period January – August 2008 increased by 2.0% yoy to EUR 1.3 bln. The marginal improvement is primarily attributed
Athena Cyprus Investment Co Ltd (ATH.CY) announced its participation in the venture capital Infinity I – China Fund, which focuses on companies related to the high-tech sector. The total amount of investment
Britain's leading share index pushed higher early on Friday, lifted by strength in heavyweight oils and miners and with banks up on hopes U.S. investment bank Lehman Brothers could be rescued. By
Deutsche Bank is poised to swoop on rival Postbank in a two-part takeover valuing the retail lender at roughly $13 bln, sources with direct knowledge of the matter said. It is set
Cypriot tennis player Marcos Baghdatis qualified for the quarter finals of the Challenger d’ Orleans. He beat Thursday French Gary Lugassy with 2-1 (1-6, 6-1, 6-2). Baghdadis, who returned to the tennis
Lehman Brothers Holdings Inc was forced into talks about a possible sale after the Wall Street investment bank's shares plunged more than 40% on Thursday, raising questions about its survival. Lehman and
U.S. video games sales rose 9% in August from a year earlier, marking the smallest monthly sales increase in more than two years, according to data from research firm NPD on Thursday.
