Pullback in investor risk appetite

As problems in the housing and subprime markets have spread, investor risk appetite has shrunk. In the U.S. credit markets, investors are shunning deals with innovation and added risk. To counteract growing

CTC expects lower profits, Ermes better

Cyprus Trading Corp. (CTC) issued a negative profit warning for its 1H07 results attributed to non-recurrent losses from the disposal of certain operations during the period, but its subsidiary Ermes Department Stores

USB, ATL and COS report higher profits

Universal Bank Pcl (USB) issued its 1H07 results, posting a net profit of EUR 2.6 mln compared to EUR 813.000 ayear ago in the same period. The improvement was attributed to higher