Bank of Cyprus profits sustainable, says CEO

— No exposure to sub-prime risk   Bank of Cyprus profits are sustainable based on core banking operations and excellent relations built with clients in Cyprus and abroad, said the bank’s CEO

CIIM open days for MBA, MSc programmes in Cyprus

The Cyprus International Institute of Management is organizing two ‘Open Day’ events to promote its world class post-graduate programmes. The first in Nicosia is today, Wednesday, at the CIIM premises next to

Cyprus Tax receipts up 41% in 2007

The Cyprus Inland Revenue Department reported that total tax revenue during 2007 jumped by a record 41% YoY to CYP 1.25 bln or EUR 2.13 bln compared to CYP 888.1 mln or

Recession fears could end bull market

NEW YORK (Reuters) -This week could mark the end of the bull market for Wall Street, with U.S. stocks likely to join a global equity market plunge triggered by fears of a

Stocks hammered; investors flee to bonds

Major Asian stock markets fell as much as 8 percent as panicky investors feared a U.S. recession could derail global economic growth, and a sharp drop in U.S. stock index futures pointed