Oil rose further above $91 on Thursday, ahead of U.S. weekly inventory data expected to show a drawdown in crude stocks for the fourth consecutive week due to an abnormally icy winter. U.S. crude for February delivery climbed 21 cents to $91.33 a barrel by 0720 GMT. Prices have traded in a tight range near
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A powerful explosion damaged several cars in Athens and shattered glass windows outside a court building on Thursday but caused no injuries, police said. "An anonymous call to a TV station warned that an explosive device on a parked motorcycle outside the court house would go off in about 40 minutes," said a police official.
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Cyprus bank deposits rose 18% to 68.7 bln euros from January to November, while deposits advanced 2.6% in November from the prior month, according to a central bank announcement. The top gainers in the deposit segment were Bank of Cyprus, the National Bank of Greece (Cyprus), EFG Eurobank and Piraeus Bank which gained 1.3%, 0.4%,
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The Cyprus Securities and Exchange Commission has approved the Marfin Popular Bank prospectus for the issue and listing of 976,335,208 nil paid rights available only in Cyprus, Greece and the United Kingdom. These rights will be offered free of charge to shareholders registered as at January 7, 2011, at a ratio of one nil paid
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A number of investors from Cyprus, Greece and Russia have shown serious interest to bid for bankrupt charter operator Eurocypria because of its efficient operations and good reputation in the travel industry, raising hopes that nearly 110 of its ground and flight crews could be rehired under a new structure and start flying in early
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. In a few weeks’ time, one of the capital’s popular wine dealers, Vino Cultura, will embark on a new venture, by expanding its horizons from wine importer-retailer to a business that encompass wine sales, a Wine Bar, a Delicatessen and a Tapas-style bar. Boss man Andreas Kyriacou will move the family-owned shop a block
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. * Interest rate increase eases investors' fear of inaction * Further rises to be incremental * Yuan appreciation will also form bigger part of policy mix * China's leaders confident they have inflation in check China was Grinch-like in raising interest rates on Christmas Day, but in fact investors have good reasons to be
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. * Global ECM at $835.6 bln YTD in ’10 * 60% of IPO activity from Asia Pacific Equity capital markets bankers are bracing for a busy 2011 during which fund flows into Asia will further cement Hong Kong's global IPO dominance after a year of blockbuster deals. Alongside activity in Asia, private equity exits,
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. Investors are entering 2011 in a relatively bullish mood, raising equity holdings to a 10-month high, increasing exposure to high-yield credit and cutting back on government debt, according to a Reuters polls. Within bond portfolios, however, concern about the cost of U.S. Treasuries and the stability of euro zone debt, did not show up
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. British fund managers upped their exposure to UK equities during December, buoyed by hopes of bumper dividends from cash-rich companies and expectations of a 2011 takeover boom, a Reuters poll has found. A survey of 12 investment managers showed the average allocation in global equity portfolios to UK stocks jumped to 16.3% from 12.6%
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