Fitch Ratings Agency has taken negative rating actions on Cypriot banks ratings endorsement policy. According to Fitch Ratings, it has placed Bank of Cyprus (BOC), Cyprus Popular Bank (CPB) and Hellenic Bank's (HB) Long-term Issuer Default Ratings (IDRs) and Support Rating Floors (SRFs) of 'BB+' and Support Ratings of '3' on Rating Watch Negative (RWN).
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The two World Wars will be the subject of a symposium organized by the House of Representatives on Wednesday, with the participation of veterans, survivors and academics from Cyprus and Greece. Entitled “World War I – World War II. 10 years of horror, 81 million lives perished”, the symposium comes a few days after the
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Cyprus University of Technology (CUT) has become a constantly growing living cell within Limassol town, CUT Rector Elpida Keravnou Papailiou has said. In an interview with CNA shortly after the University became autonomous, Keravnou notes that CUT Senate and its Board have to face new challenges as a result of the current financially difficult period.
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* Euro vulnerable, eases below $1.28 vs dollar * Oil keeps gains, gold slips as euro weakens * European shares likely to rise Markets extended gains in Asia on Tuesday with investors hunting for bargains in shares beaten down to 2012 lows late last week, as hopes grew that Europe could agree on fresh action
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* Industry players gather in Macau for G2E Asia gaming conference * Focus on Asia casino build-out as China growth slows * Macau's May revenues likely to see notable slowdown, says analyst Gaming executives and industry players gathering for a convention in Macau on Tuesday may have to finally confront what they have been predicting
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In the run-up to Facebook's $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank's consumer Internet analyst, Scott Devitt, was reducing his revenue forecasts for the company. The sudden caution very close to the huge initial public offering, and while an investor roadshow
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Industrialized nations have stepped up plans to help countries swept up in the Arab Spring rebuild their economies through more access to international credit markets, investment and trade, a senior State Department official said on Monday. Undersecretary of State Robert Hormats said while headlines from a G8 leaders' summit at the weekend focused on the
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The head of German carmaker Opel, under pressure from parent General Motors to end losses, refused to promise workers at its plant in Bochum on Monday that their jobs would be safeguarded after 2014. The plant, located in the rust-belt Ruhr region devastated by coal mine closures, is expected to shut after the company chose
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European equities rebounded from five-month lows on Monday, with investors seeing value after the steep retreat to five-month lows and taking heart from global politicians' weekend pledge to combat financial turmoil and prevent a euro zone break up. The leaders of G8 major industrialised nations said they would take steps to revitalise the global economy
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Hundreds of Islamist gunmen fired in the air on Monday as they laid to rest a Sunni Muslim cleric whose killing ignited street battles that brought the bloodshed of Syria's uprising across the border into Lebanon. Sheikh Ahmed Abdul Wahid, an opponent of Syrian President Bashar al-Assad, was shot dead a day earlier at a
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