WASHINGTON (Reuters) – U.S. productivity rose at a solid clip in the fourth quarter as employers sharply cut the number of hours worked, restraining growth in labor costs, according to a report
The Central Bank of Cyprus granted its permission to the joint venture ‘Emerging Financial Partners’ (EFP) to acquire 100% of the share capital of the Cyprus Development Bank (CDB), while the official
Standard & Poor’s Ratings Services is set to announce changes to boost the integrity of its research, such as rotating analysts’ coverage, newspapers said on Thursday. Ratings agencies have come under fire
Cyprus’ largest bakery chain, A. Zorbas & Sons Pcl (ZRP) intend to expand their operations into Romania. During a presentation held in Athens for institutional investors, the Company’s management team analyzed ZRP’s
The Chairman of the Association of Cyprus Tourist Enterprises (STEK) Akis Vavlitis said that despite the tourism industry still constituting a significant part of the economy, this was not reflected in state
Marfin Popular Bank announces that according to a sale agreement, the Dubai Financial Group will acquire from Marfin Popular Bank 53.532.184 shares of Marfin Investment Group (6,45%) at the price of 7
Bank of Cyprus Group has promoted Antonis Jacouris to the sensitive position of Group General Manager – International Business and Operations, while Yiannis Siradakis assumes the role of General Manager of Bank
The Central Bank of Cyprus granted on 4 February 2008 a banking business licence to “Eurobank EFG Cyprus Ltdâ€, a subsidiary of “EFG Eurobank Ergasias S.A.â€Â which is based in Greece. EFG Eurobank Ergasias
By Natsuko Waki LONDON, Feb 7 (Reuters) – World stocks hit a two-week low on Thursday after disappointing results from Wall-Mart and warnings from major technology firms intensified concerns a slowing U.S.
European Central Bank held interest rates at 4.0 percent on Thursday, as expected, brushing off calls to help avert a sharp worldwide economic slowdown by cutting borrowing costs. All 83 economists polled
