Greenspan qualifies housing market as bubble

Former Fed chairman Alan Greenspan warned that the credit cycle has turned, qualifying the US housing market as bubble. In addition, by suggesting that the relationship between growth and inflation has changed

Sterling slumps despite Qatar news

Sterling broke lower through the 2.000 level despite news that  Qatar’s investment arm is close to acquiring a nearly 30% stake in the London Stock Exchange from the Nasdaq Stock Market Inc.,

Three Indian naval ships visit Cyprus

Three Indian naval ships are visiting Larnaca Port from 15-20 20 September 2007. The ships are part of the 1wt Training Squadron Based at Kochi, India, under the aegis of the Indian

Cyprus business visits to Estonia and Sweden

A delegation of the Cyprus Chamber of Commerce and Industry will visit Estonia and Sweden aiming to promote Cyprus as an international centre for services.The delegation will hold business meetings in both

MIG stake in OTE at 10.805%

Marfin Investment Group Holdings S.A. revealed that its total percentage of voting rights held in the “Hellenic Telecommunications Organization S.A.” amounts to 10.805 %. Of the above percentage, a) 6.3629 % corresponds

Cyprus tourism rebounds in August by 8.1%

But market still segmented   The Cyprus tourism sector rebounded in August, the second most important month for the sector, as arrivals shot up by 8.1% over August 2006 to reach 340,534.

Industrial turnover up 4.8% y/y in June

The industrial turnover index (comprising mining and quarrying; manufacturing; and electricity, gas and water supply) in June 2007 reached 145.5 (base 2000 = 100), recording a rise of 4.8% compared with June