Standard & Poor’s Ratings Services said today it lowered its long-term sovereign rating on the Republic of Latvia to ‘BBB+’ from ‘A-‘ due to the increasing risk of a hard landing and
Cyprus had the fourth best inflation rate in the EU in April, according to figures r by Eurostat. The annual harmonised inflation rate in Cyprus was 1.6% in April, compared to 1.4%
The newly appointed Chairman of the Cyprus Stock Exchange wants to modernize the exchange and improve operations further aimed at attracting even more institutional investors to the market. Georgos Koufaris, the new
The Convergence Reports examine whether Malta and Cyprus satisfy the conditions for adopting the single currency, namely: the economic criteria (price stability, sound public finances, exchange rate stability and convergence in long-term
JP Morgan has increased its price target on Bank of Cyprus shares to EUR 18 per share from EUR 14 previously following a spectacular increase in profitability by the Bank in the
The euro will strengthen macroeconomic stability in Cyprus, ensuring low inflation and low interest rates that are a pre-condition for long-term economic prosperity. The single currency brings stable prices for citizens and
Cyprus equities surged to a record closing high for the year on the day when the European Commission formally backed Cyprus’ application to join the eurozone, but stocks busted through previous highs
An exploit detected by NanoScan, an online scanner from Panda Software, led PandaLabs on the trail to uncover Mpack, a program used to download malware onto remote computers by exploiting numerous vulnerabilites.
Credit Agricole Luxembourg, a subsidiary of Credit Agricole Group, has signed an agreement with Bank Sarasin & Co. Ltd, based in Basel, Switzerland, with a view to acquiring Sarasin’s Luxembourg subsidiary, Bank
Parrot, one of the leaders in wireless peripherals around the mobile phone, has teamed with T-Mobile to offer T-Mobile customers Parrot’s leading range of hands-free products. The deal means that T-Mobile will
