2006 and 2007 were tough for the European automotive industry and challenges will persist in 2008 as European car manufacturers continue to face difficulties improving market share and enhancing profitability, Moody’s Investors
The outlook for most of the rated Hungarian banks is stable, Moody’s Investors Service said in its new Banking System Outlook for Hungary. Only Central-European International Bank Zrt. is under review, due
Former British prime minister Tony Blair on Thursday joined U.S. bank JPMorgan Chase & Co Inc as a senior advisor, according to a Reuters report from New York. JPMorgan, the third-largest U.S.
Cyprus’ trade deficit expanded to 2.503,6 million Cyprus pound in January-October 2007, compared to 2.149,9 million in January-October 2006. According to the latest data, released here today by the Statistical Service of
Cyprus Gross Domestic Product (GDP) rose by 4.6% in the third quarter of 2007, according to the second estimates released today by Eurostat. The figures surpass earlier Eurostat forecasts released in November
The government and three major trade unions have come to an initial agreement on the terms for the renewal of their collective agreements for the period 2007-2009, which provide for salary increases
Citigroup analysts have upgraded Alpha Bank to Buy/High Risk (1H) from Hold/Medium Risk (2M) increasing their target price from EUR27 to EUR32, of which EUR2 is an increase in fundamental fair value
J&P ABAΧ, controlled by the Paraskevaides family has been awarded the contract to rebuild Artemida community in Greece, which was badly hit during last summer’s catastrophic forest fires on account of the
LONDON (Reuters) – The Bank of England left interest rates unchanged on Thursday, following a week of intense speculation over whether it would cut them for a second month running to shore
The European Central Bank held its main interest rate steady at 4 percent as expected on Thursday amid rising inflation and slowing economic growth. The ECB has threatened to raise rates as
