A flurry of polls on Saturday showed the race to lead Greece has tightened into a dead heat ahead of an election next month that could determine whether it remains in the euro. Greece was forced to call the new vote for June 17 after an election on May 6 left parliament divided evenly between
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Facebook Inc shares fizzled on their first day of trade on the Nasdaq, erasing early gains of as much as 18% to trade close to their initial public offering price. The stock opened 11% higher and rose to $45 before rapidly heading south in frenzied trade, touching its initial public offering price of $38. The
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English soccer club Manchester United, rated by Forbes as the world's most highly-valued sports team, showed the first effects of a rare barren season when reporting a dip in quarterly revenue and underlying profit. United, deposed as Premier League champions last weekend by local rivals Manchester City, paid the price for a failure to make
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Turkey said on Friday that companies bidding to develop Cyprus' offshore gas fields would be shut out of Turkish energy projects, amid a spat between the rivals about who has rights to potentially vast reserves in the east Mediterranean. Turkey does not recognise the Nicosia government and wants offshore exploration to await a peace settlement
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* 15 bidders for 9 blocks in offshore natgas; Noble says it wants to focus on Block 12 * A mix of 15 bidders have applied for rights to explore nine blocks in the Cyprus offshore natural gas licensing round that ended on Friday. These include international heavyweights Total, Petronas, Gazprom, Marathon and ENI. However,
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Investors are bracing for Facebook's Wall Street debut on Friday after the pioneering online social network raised about $16 billion in one of the biggest initial public offerings in U.S. history. To rapturous applause from employees, Facebook Chief Executive Mark Zuckerberg rang the bell to kick off trading on the Nasdaq market at the company's
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* Romania bank sell-off may follow Australia * With 200 mln euros more needed to be raised by next month in order to meet EU rules on safe liquidity margins, Bank of Cyprus Group is seriously considering whether to dispose of part or all of its insurance operations. The Financial Mirror believes that the Group
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* Pumped 100 mln since 1999 in Crete, Paros, Santorini * BY ANGELA KOMODROMOU The Leptos Group, one of the leading Cyprus property developers, plans to invest some 600 mln euros in two new ventures in Crete – the 500 mln euro Costa Nopia resort and the 100 mln euro Canea Corniche residential project in
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. As unpatriotic as it may sound, the Cypriot banks must decide very fast what they should do with their operations in Greece, where all three are exposed to the tune of 20 bln euros, most of which morphing now into non-performing loans. Whatever the choice, the outcome must be clear – in order for
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. BY PHILISA AUGUSTI Recently, I was asked what I would change about my profession or its procedures if I had the chance. The answer for me as a professional was easy. It would be the implementation of a fully-automated, functional, multiple listing service that would be approved and managed by the Real Estate Board
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