Technical commentary on currencies

EUR/USD: The break above 1.2840 has opened the way for renewed gains towards the next objective of 1.2980/1.3040. The only thing holding back the euro is the substantial short-USD positions established on

CYTA & LTV fined by Competition Commission

The Cyprus Competition Commission has fined the state-owned telecom CYTA with a fine of CYP 80.000 and its digital platform content partner LTV, with a CYP 65.000 fine for violation of competition

Last minute sale hurts HB

Hellenic Bank Pcl (HB) shares nosedived 3.2% on Monday after a large 100.000 share sale at the very last minute knocked the stock from CYP 1.23 to a close of CYP 1.19

Unemployed up by 459 persons

The unemployed persons, registered at the District Labour Offices on the last day of July 2006, reached 13.117 persons compared to 12.658 persons in June 2006, an increase of 459 persons. The

Cyprus court rules against Red Arrows

A Cyprus Court on Friday awarded an 11-year-old autistic boy from Limassol 251.800 Cypriot pounds in damages against the government for suffering caused by the Red Arrows, which hold annual aerobatics exercises