A darkening economic outlook fuelled by the global credit crisis dragged Asian shares lower and added pressure for the U.S. Congress to approve a $700 billion financial industry bailout package later on
BANK OF CYPRUS STRENGTHS – High liquidity – Proper risk management – Low cost/high productivity Bank of Cyprus, the island’s largest lender, is sure to withstand the global credit crisis and come
The ECB left the official rates unchanged after today’s meeting. As a result, the upcoming weekly refi operations, settled on October 8, will be conducted at a minimum bid rate of 4.25%.
Nokia, the world's top mobile phone maker, will launch its free music package on Thursday, issuing a challenge to Apple's dominance of the digital music market. Nokia is expected to unveil more
Greece's largest toy retailer, Jumbo said sales for the fiscal first quarter to end-September were seen rising by about 20 percent, despite current market turmoil. Last month, Jumbo reported a 21.5 percent
Greece's fourth largest lender, Bank of Piraeus will post "positive" results for the nine-month period, its president said. Michael Sallas also shot down media reports that the bank was facing liquidity problems
Hellenic Bank Public Company Ltd (HB.CY) announced that on 30 September 2008, letters regarding the option of reinvestment of dividends have been sent to shareholders who haven’t yet given directions related to
Federal Reserve officials are weighing further interest rate cuts, even if Congress approves a $700 billion financial industry bailout, because of a worsening economic outlook, the Wall Street Journal said on Thursday.
The U.S. Senate's approval of a revised crisis bailout bill helped boost European stocks and lift the dollar on Thursday but economic worries weighed on Asia and concern about final passage of
Retailer Marks & Spencer is reining in investment, slashing costs and stepping up promotions amid signs of worsening consumer sentiment in the UK as house prices fall at the fastest rate for
