Bank of Cyprus BOC.CY (BOCY) said it was unscathed by the global credit crunch, but said it had no immediate plans to expand into new markets. The Bank, Cyprus's largest lender, posted
Greece's fourth-largest lender, Piraeus Bank beat forecasts with a 46 percent rise in first quarter net profit helped by expansion in retail credit. Its profit rose to 138.5 million euros and the
Theodoros Aristodemou was elected the new Chairman of Bank of Cyprus in a tight vote, beating his close rival former Finance Minister Michalis Sarris. Aristodemou received the vote of 9 members of
Oil stocks should catch up By Santosh Menon The price of oil could rise to $200 a barrel in the next two years before it starts to seriously hit demand, fund manager
ECB may need to ease rates soon By James Saft Europe is next in line to feel the impact from tighter credit, a tough situation for an economy heavily dependent on bank
British house prices are likely to fall 5 percent this year, a Reuters poll of economists showed, and many believe they could tumble twice that as soaring consumer inflation restricts the scope
Cyprus property sales registered a 17% Year-on-Year reduction in the first quarter of 2008 according to data from the Cyprus Land Registry. The value of property deals transacted in the first quarter
Hewlett-Packard Co is in talks to buy technology outsourcing company Electronic Data Systems Corp for $12 billion to $13 billion in a deal which would vault it to a close second to
Societe Generale, the French bank hit by the world's worst rogue trader scandal, reported a 23.4 percent fall in first quarter net profit although earnings came in above the average market forecast.
U.S. office supplies retailer Staples Inc raised its bid for Dutch peer Corporate Express to 8 euros a share, calling the offer the best option available to the latter's shareholders. Corporate Express
