InBev agrees to buy Anheuser for $50 billion

By Jessica Hall and Martinne Geller PHILADELPHIA/NEW YORK, July 14 (Reuters) – U.S. brewer Anheuser-Busch Cos Inc accepted a sweetened $50 billion takeover bid from Belgium-based InBev NV, creating the world's largest

Cyprus banks reach pay deal

Cypriot Banks and the Bank Employees Trade Union (ETYK) reached a preliminary agreement regarding the Collective Agreement for 2008-2010 providing for a 2.0% annual wage increase for 2008, 2009 and 2010. Press

Options subsidiary expands into Far East

Options Cassoulides Public Co Ltd (OPT) announced that its subsidiary is expanding into the Far East. The Company’s subsidiary, Choice Pharma Ltd based in London has now expanded into Taipei, Taiwan. In

Bank of Cyprus increases bond rate

The Board of Directors of Bank of Cyprus decided to revise the interest rate of the Convertible Bond issue 2013/2018 from 6.5% to 7,5% fixed for the first two interest periods (that

The second downturn in share prices

Cyprus – A future Economic Slowdown The downturn in Cypriot share prices toward the start of the year was a direct result of the uncertainty caused by the financial sub-prime crisis that