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The oil producers’ cartel Opec has approved plans to cut crude output by 1.2 mln barrels per day. The cut, agreed at a meeting in Qatar, sets production at 26.3 mln barrels

…share price surges to new record   The share price of Laiki Bank Pcl (CPB) surged to a new record high of CYP 3.44 as investors applauded the fast and efficient way

CSFB the international investment power house has thrown its full weight behind the proposed Laiki-Marfin-Egnatia merger describing it as good, which once completed will have enough liquidity (capital) to facilitate its expansion

The Commission for the Protection of Competition decided that the public offer made for the acquisition of a minimum of 50% plus one share and a maximum 60% of the issued share

EUR/USD has broken sharply higher through the 1.2610 initial resistance to put the important 1.2650 area (including down trendline resistance) under pressure. A break above 1.2650 will trigger another bullish signal suggesting

Bank of Cyprus Public Company Ltd has introduced 406.147 new ordinary shares on the Cyprus Stock Exchange and the Athens Exchange resulting from the recent increase in the share capital by CYP

The Monetary Policy Committee (MPC) of the Central Bank’s Board of Directors decided to keep interest base rates unchanged at 4.5%.The official interest rates are set at the following levels: * Minimum

Civil engineering booms, hotels out of favour   The number of building permits authorised rose by 28.3% year on year to reach 788 in June and provided for 1,745 dwelling units. For

Figures on motor vehicle registrations show that the anticipation of car-tax changes had played havoc with car sales in the past few months. Parliament is expected to approve cuts in excise duties