Standard & Poor's Ratings Services said that it revised its Banking Industry Country Risk Assessment (BICRA) on The Russian Federation to Group 7 from Group 8. (See "Banking Industry Country Risk Assessment
The massive development project to transform the port of Larnaca into the eastern Mediterranean’s leading cruise ship hub has taken a significant step forward with the Ministry of Communications and Works awarding
The joint venture partners of the 1000-berth Limassol marina project held a public hearing in the town hall last week to discuss details of the new development that is expected to cost
Louis Cruise Lines has concluded a deal to buy the 731-berth Norwegian Majesty from Star Cruises at a cost of EUR 103 mln (USD 162 mln), and will add the Norwegian Dream
Capital Intelligence, the international credit rating agency, has revised the outlook on Lebanon’s B-minus long-term foreign and local currency ratings to ‘stable’ from ‘negative’. The outlook on the B-minus long-term foreign currency
Moody's Investors Service reported in its UK Credit Card Index Report that the UK credit card ABS sector may witness deterioration over the coming months despite relatively stable credit card indicators reported
Austrian-based energy giant OMV has revokes its intention published last September to make an offer to shareholders of Hungary’s MOL after the European Commission indicated that it would not accept commitments that
Motorola, Inc. announced it has signed multiple contracts worth US $431 mln with China Mobile Communications Corporation (CMCC) for its GSM network upgrades and expansion. The contracts were signed in the first
Despite the slowdown in global growth and the increase in fares designed to absorb a part of the rise in oil prices, Air France-KLM achieved a 3.7% rise in traffic and a
The European Central Bank is expected to leave interest rates at a seven-year high of 4.25% on Thursday as evidence grows of a sharp drop in eurozone economic growth and inflation hits
