BOC stays out of Laiki dispute

Bank of Cyprus has decided not to submit proxies for its stake in Laiki Bank ahead of the EGM to be held on October 24, effectively distancing itself from the 50-70 disgruntled

Laiki to sue Lazarides for spreading lies

The Board of Directors of Laiki Bank Pcl (CPB) will sue former Chairman Kikis Lazarides for spreading lies and damaging information against the interests of Laiki shareholders and employees. Equally important are

Cyprus Central Bank keeps rates unchanged

The official interest rates of the Central Bank of Cyprus, that is the minimum bid rate on the main refinancing operations, the interest rate on the marginal lending facility and the interest

Ericsson to supply HSPA to Wataniya Kuwait

Ericsson has been selected to upgrade Wataniya’s network with full 3G/HSPA functionality that will boost the operator’s mobile broadband offering to end-user in Kuwait. Commercial launch has already started. Under the agreement,

OPEC approves cut in oil output

The oil producers’ cartel Opec has approved plans to cut crude output by 1.2 mln barrels per day. The cut, agreed at a meeting in Qatar, sets production at 26.3 mln barrels

Laiki secures dual listing on ATHEX

…share price surges to new record   The share price of Laiki Bank Pcl (CPB) surged to a new record high of CYP 3.44 as investors applauded the fast and efficient way

CSFB backs triple merger, CPB target CYP 4.63

CSFB the international investment power house has thrown its full weight behind the proposed Laiki-Marfin-Egnatia merger describing it as good, which once completed will have enough liquidity (capital) to facilitate its expansion

EUR/USD eyes 1.2650 resistance

EUR/USD has broken sharply higher through the 1.2610 initial resistance to put the important 1.2650 area (including down trendline resistance) under pressure. A break above 1.2650 will trigger another bullish signal suggesting