Ex-director forced Logicom lower

Logicom Pcl (LOG) shares came under heavy selling pressure Friday after it emerged that a former director (GG) who had previously resigned was selling major packages through the CSE. LOG dived 9.6%

Moody’s ups rating on BOCY

Moody’s Investors Service, the credit rating agency has changed Bank of Cyprus’ (BOCY) outlook to positive from stable for the Baa1 foreign currency long-term deposit rating and D+ financial strength rating (FSR).

Moody’s improves rating on Hellenic

Moody’s Investors Service, the credit rating agency has improved the rating on Hellenic Bank (HB) outlook to stable from negative for the D Financial Strength Rating (FSR). Moody’s also affirmed the bank’s

Dollar stable before US trade data

The dollar remained stuck within tight ranges on Thursday ahead of the release of key U.S. trade data later in the session, which economists forecast show a slight improvement. The U.S. trade

UK set for hike rates to 5%

UK interest rates are expected to rise to a five-year high of 5% after the Bank of England’s lunchtime meeting. The predicted raise from 4.75% would be seen as a bid to

Dr Margaret Chan nominated WHO Director General

Dr Margaret Chan of China was nominated by the Executive Board of the World Health Organization for the post of Director-General, the technical and administrative officer of the UN organisation. The nomination

BOCY appoints new Board members

The Board of Directors of Bank of Cyprus Public Company Ltd appointed as members of the Board Charilaos Stavrakis, Chief Executive Officer-Cyprus and Deputy Group Chief Executive Officer and Yiannis Kypri Group