Marfin buys stake in US-based Hedge Fund

Marfin Financial Group announced that it has reached an agreement through its fully owned subsidiary Marfin Bank to acquire a 30% membership interest of ARIS Capital Management, LLC, with the option of

Cyprus & Russia to cooperate in energy sector

There is room for promoting cooperation between Cyprus and Russia in the field of energy, Cyprus Commerce, Industry and Tourism Minister Antonis Michaelides and Russian Ambassador to Cyprus Andrey Nesterenko have stressed

2007 State Budget before House Committee

Finance Minister Michalis Sarris presented before the House Finance Committee the State Budget for 2007, aiming to pave the way for the normal accession of Cyprus to the Eurozone and the implementation

Dollar steady in tight ranges

The dollar remained steady confined to tight ranges on Tuesday as investors turned to U.S. economic data for clues on whether the currency has room to rise further. Traders also wary of

IMM short yen positions increase

The latest data from the International Monetary Market showed that net yen short positions jumped to a record 123,598 in the week ending Oct. 10 from 104,151 the previous week. Such a