Motor registrations fall ahead of tax cut

Motor vehicle registrations fell again compared with the year earlier in October, as buyers waited for the cuts in excise duties which were passed in early November. In October 2006, registrations of

Building permits slow in August

Office buildings collapse   Growth in the number of building permits authorised slowed to 11.9% year on year in January-August, from 13.6% in January-July, reaching a total value of CYP 939.7 mln.

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