Bank of Cyprus Group profit after tax for 2008 increased by 4% to EUR506 mln compared to EUR485 mln in 2007, beating analyst expectations ranging from EUR 460 to 506 mln, but
The European Central Bank has made it very clear it will pause with cuts in interest rates on Thursday, focussing financial markets on signals of how low the bank can go and
Asian stocks rose on Tuesday, helped by a tech sector rally and new measures by Japan and Australia to support their economies, but sentiment remained negative amid concerns about plunging company earnings.
The cost of purging bad bank debts from the world financial system is rising and it looks increasingly likely taxpayers will have to foot a large portion of a bill that could
European shares pared losses on Monday after U.S. factory activity slowed less sharply in January with a key gauge of manufacturing improving for the first time since June, according to an industry
Dallas Federal Reserve President Richard Fisher warned on Monday against "Buy America" provisions in a proposed fiscal stimulus law and said it could lead to devastating protectionism. "Protectionism is the crack cocaine
World stocks hit a one-week low and the euro set a two-month trough against the dollar on Monday as jitters intensified about poor economic data and falling corporate profits in a rapidly
Woolworths, the 100-year-old sweets-to-DVD retailer that collapsed last month, will be reborn as an online store after its brand name was bought by Shop Direct, Britain's biggest home shopping retailer. Shop Direct,
European shares slid 2.4 percent by midday on Monday as investors digest corporate profits falling at the start of another busy week for earnings, and with banks and energy stocks the biggest
European shares were lower early on Monday as investors worried about corporate profits, with banks and energy stocks the biggest losers on the index. By 0932 GMT, the pan-European FTSEurofirst 300 index
