While the recent rise in bond yields has been strong and sharp, it has not changed Citigroup’s bullish outlook for the equity market. Equities remain cheap in absolute and cheap relative to debt. “We need to see Pan European bond yields rise much further before equities look fair value relative to debt,” noted Citigroup analysts

Shareholders of Demetra Investment Pcl (DEM) attending the company’s 7th Annual General Meeting approved the payment of a EUR 0.03427dividend for 2006. The ex-dividend date is set on 25 June 2007. Based on the stock’s latest closing price the dividend yield stands at 3.7%. The AGM also approved the election of DISY MP Lefteris Christoforou

During its annual Nokia Connection event in Singapore, Nokia announced Monday that it has expanded its portfolio of affordable, well-designed mobile phones for the mid-range market with the introduction of the 6267, 3500 classic and 6121 classic. The new devices offer a range of easy-to-use features and are designed for mid-range market, the industry’s broadest

These days more and more corporations are realising that reducing the impact of their company’s environmental footprint should not be their single goal: leaders know they must find proactive ways for their organisation to do some good. Simply put, harming the environment “less” is not enough – responsible corporations are also taking on proactive activities

Mubasher, the premier provider of e-financial solutions and subsidiary of Dubai-based National Technology Group (NTG), has launched a new service for regional investors who can trade on major international stock markets such as Nasdaq, Nikkei, London Stock Exchange and the Dubai International Financial Exchange (DIFX), through one portfolio. The announcement was made during the recently

Microsoft’s Entertainment and Devices (E&D) Division has launched its gaming keyboard, Reclusa, in the Middle East. The keyboard, powered by Razer, the leading brand in high-end computer gaming peripherals, offers a host of innovative features and best-in-class design elements such as ambient backlighting, Hyperesponse gaming key action for maximum response with minimal latency, and two

The Board of Directors of Aspis Holdings Public Company Ltd announced that the Extraordinary General Meeting that took place on June 15, 2007 in  Nicosia approved the special resolution according to which the Board is authorized to proceed (until 31/8/2007) with the issue and allocation of up to 7,250,000 shares of nominal value CYP0.40 or

The CSE Council decided to transfer the titles of Knossos Investment Public Ltd, Efremico Holdings Public Ltd and Ceilfloor Public Company Ltd from the Special Characteristics Market to the Special Trading Category, pursuant to the provision (c) of Paragraph 2.2.3 of KPD 596/2005 on the transfer of companies to the Special Trading Category due to

On the basis of the results of the Passengers Survey, arrivals of tourists in Cyprus reached 273,058 in May 2007 compared to 283,513 in May 2006, recording a decrease of 3.7%. This was the tenth consecutive month in which arrivals fell compared with the same month of 2006–a year in which arrivals fell by 2.8%.

ECB rates on the rise   The Economist Intelligence Unit is expected to revise its real GDP growth forecasts for 2007 and 2008 during its July forecasting round in response to the new quarterly GDP data and changes to its forecast for eurozone interest rates, according to Financial Mirror sources. In its forecast for June,