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

Latest food prices

The producer price index of fresh vegetables decreased by 40.4% in June 2007, dropping to 96 units compared with 161 units in April 2007. The producer price index of tomatoes recorded an

Global bond downgrades inch up

The number of entities at risk of downgrades globally has inched up in the last couple of months, though it remains lower than the 2006 average, according to an article published by