Amidst the gloom and doom, life does go on. Deals continue to made, some of them large. Look for example at the pharmaceuticals sector. In the last few months there have been three major deals announced, note Barclays Wealth analysts. Earlier this year, Pfizer revealed a $68 bln bid for Wyeth, and Roche a US$46
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The Board of Bank of Cyprus Public Company Ltd (BOCY) announced that the Bank’s EGM will be held at the Company’s headquarters on 2 April 2009 at 4.00p.m.. The main purpose of the EGM is the approval of the resolution to issue up to EUR645.327.822 convertible capital securities.
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Iran's oil minister suggested OPEC would accept Russia as a member if Moscow wanted to join the 12-member oil producers' group, the semi-official Fars News Agency reported. Gholamhossein Nozari, speaking a few days before the cartel is due to meet in Vienna on March 15, also reiterated a call for more cooperation between OPEC and
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China's exports tumbled in February as the world's third-largest economy felt the full force of the global financial crisis, but capital spending accelerated with the help of the government's massive stimulus package. With the world experiencing its deepest recession in decades, pessimists said the slump in exports was unlikely to end soon. Some said China
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The world's advanced economies are moving too slowly in ridding banks of problem assets, which could jeopardize a global economic recovery in 2010, the head of the International Monetary Fund said on Wednesday. The warning by IMF' Managing Director Dominique Strauss-Kahn comes as the Fund now believes the global economy will be gripped by a
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Asia stocks rallied on Wednesday on hopes Citigroup will deliver a first quarter profit, relieving fears U.S. banks are spiralling toward nationalisation and emboldening investors to sell U.S. dollars. Citi, whose share price traded below $1 for the first time last week, was profitable in the first two months of 2009, the bank's chief executive
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The leaders of the two communities in Cyprus will hold a new meeting in the context of the UN-led direct negotiations, starting today a discussion on European issues. UN Secretary General’s Special Adviser on Cyprus, Alexander Downer will attend the talks between the leaders of the two communities in Cyprus, President of the Republic Demetris
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Cyprus Central Bank Governor and ECB member Athanasios Orphanides said on Tuesday that the consequences of the global financial crisis in Cyprus are ''relatively limited'', noting however that significant deterioration in domestic economic activity cannot be overruled due to the ''too great'' global uncertainty. Speaking in a discussion organised by Cyprus University of Technology (TEPAK)
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The number of students studying at the University of Cyprus (UCY) reached 6.000 in 2009, compared to 5.600 the previous year and 5.100 in 2007. This was stated before the House of Representatives Committee on Education that discussed the University’s budget for the current year, which provides for revenues of 121.213.925 euro and expenses reaching
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A consumer behaviour study by Ericsson and CNN has revealed that the international business elite are increasingly accessing the internet while on the move. The growing need for flexible viewing options to fit with changing lifestyle habits means that top executives are increasingly viewing TV content on lap-tops, desktop computers and mobile devices. The survey,
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