Moody’s reports positive outlook for Israeli banks

The outlook on the Israeli banking system remains positive, reflecting the continued strong macroeconomic environment and the rated banks’ sound liquidity and retail funding profiles and improving risk management, Moody’s Investors Service

Citigroup support the dollar

  By Rodian Rahnayev Finotec Analysis Team 28 November 2007       EUR/USD USD/JPY GBP/USD USD/CHF Resistance 1.50101.50001.4965 110.50110.00109.15 2.08052.07652.0735 1.11151.10901.1070 Support 1.48051.47751.4690 108.40107.55107.20 2.06402.06002.0585 1.10001.09551.0890 U.S dollar took back the

Zorbas reports profit decline

Cyprus’ leading bakery chain, A. Zorbas & Sons (ZRP) recorded a decline in first nine month results because of increased costs related to its new production unit, higher labour costs as well