Building permits decline in April

But values still up Nicosia prices rising fastest The number of building permits authorised dropped by 1.5% on the year-earlier period in April, to 662, compared with 672 in April 2004. Building

BOC hits CYP 1.89 in Greece

Bank of Cyprus shares trading in Greece rallied sharply higher on Tuesday to a closing high of EUR 3.30 or CYP 1.8945 on the back of a sharp rally in Greek shares.

News Corp buys internet firm

News Corp, the company run by media mogul Rupert Murdoch, has made one of its first major internet purchases. It has bought Intermix Media, owner of Myspace.com, the fifth most-viewed internet domain