Blog - Page 5231

Universal sale to drag into October

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Universal sale to drag into October The decision by Laiki Bank (CPB) and Bank of Cyprus (BOC) to dispose of their stakes in Universal Life Insurance to the Dutch based multinational Eureko Group is expected to drag well into October, until a number of issues are sorted out and a due diligence of UL is

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Prices zoom with IT

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MUMBAI: Infotech and ITeS companies have been the main drivers of the commercial property market, and according to market surveys, 80% of the leasing and buying activity in recent months has been by IT-related companies. Significantly, the IT sector is entering the property market at the high-end, with demands for customised campus development or build-to-suit

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Oil stays below $50 a barrel mark

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Oil prices have slipped back from record levels, narrowly avoiding a breach of the $50 a barrel mark. Fresh violence in Iraq triggered yet another oil price surge on Friday, before dealers starting taking profits. New York light crude rose as high as $49.40 after reports of a new attack on an Iraqi oil pipeline,

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