Asia stocks at 2-yr low on financial turmoil

Asian stocks fell to a two-year low on Tuesday as investor confidence waned in the region's financial sector, which faces high inflation, a stricter lending environment and massive volatility from overseas markets.

Cyprus retail trade still buoyant in April

The Cyprus retail sector remained buoyant in April, with the turnover volume index of retail trade increasing by 11.4% year on year according to provisional data for that month. In March final

CySEC fines Commercial Value over USB trades

The Cyprus Securities & Exchange Commission has fined Commercial Value SA, the insurance company in which Aspis Holdings has a significant stake with EUR 100.000 for selling its 25% stake in Universal