Construction costs up by 5.15% in Jan-Oct

According to the latest data from the Statistical Service, construction materials prices in the period January-October 2006 rose by 5.15% over the corresponding period of the previous year. The price index of

Dollar edges higher

The dollar rose on Friday for a second day after U.S. data showed a slowdown in inflation and a rebound in regional factory activity, reinforcing views that the Federal Reserve will keep

US equity markets at record

US equity markets moved higher Thursday as CPI came in on the softer side of expectations. US headline inflation declined 0.5% m/m in October against market expectations for a 0.3% drop. The

Cyprus pension fund law passed

The House of Representatives approved the Draft Law regarding the establishment, operation and supervision of Pension Funds. Under the new Law, the Pension Funds are subject to investment rules and regulations requiring

Athena yield hits 4.5%

Athena Cyprus Investment Pcl (ATH) declared a 1.25 cent interim dividend or 2.16 euro cents on the back of a sharp jump in 9M profits. Based on the current price of 0.47