Three members of The Elders, Chairman Archbishop Desmond Tutu, former US President Jimmy Carter and former Algerian Foreign Minister Lakhdar Brahimi, will be participating in a meeting of Greek Cypriot and Turkish Cypriot political party leaders. The meetings between political parties of the two sides in Cyprus are organised by the embassy of the Slovak

Greece's securities regulator on Monday brought back the uptick rule on short selling on the Athens stock exchange as part of measures to limit abusive trading practices. The ruling took effect from October 6 and will be in force until Dec. 31, 2008, the Capital Markets Commission said. It means that a stock can be

More European governments followed Germany's lead on Monday offering guarantees to savers in a frantic effort to calm fears among investors over the worst financial crisis in 80 years. However, the moves failed to comfort financial markets as investors from Tokyo to London slashed risk from portfolios and positioned for a further tightening of credit

Ocean Tankers Holdings Public Company Limited would like to inform the CSE and the investing public that onOctober 3, 2008 it received the new double-hull tanker M/T Stavrodromi of 15,500 tones. With the receipt of M/T Stavrodromi, the fleet increased from 14 to 15 tankers. It is reminded that the tanker is time chartered with

Aspis Holdings Public Company (ASP.CY) announced the acquisition of 92.71% of Proton Insurance SA against EUR7.8 mln from Proton Bank SA with a downpayment of EUR3 mln. Proton’s turnover stood at EUR 11.22 mln in the first half and EUR 39.65 mln in 2007, its profitability reached EUR 80.500 in the first half and EUR

Britain promised on Monday to protect ordinary savers in the face of global financial turmoil but shares in the country's banks fell sharply amid fears the government would seek partial ownership in return for support. Germany pledged on Sunday to guarantee private deposit accounts, following earlier moves by Ireland and Greece, and other European governments,