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Business - Page 416

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Titan Cement posts Q1 loss in Greece, better overseas

Titan Group turnover for the first quarter of 2013 stood at 243 mln euros, posting an 8% increase compared to the first quarter of 2012. But the EBITDA declined by 29% to

16th May 2013
Business

Moody’s assigns B1 ratings to Frigoglass; stable outlook

Moody's Investors Service has assigned a first-time provisional (P)B1 corporate family rating (CFR) and B1-PD probability of default rating (PDR) to Frigoglass S.A.I.C., one of the world's leading manufacturer of beverage coolers

16th May 2013
Business

Mid-sized Italian banks face big bang for want of bucks

A deepening recession and banking stress tests could find Italy's mid-sized lenders short of billions of euros, putting the state on the hook for a new wave of cash calls and triggering

16th May 2013
Business

Moneyval calls for enhanced scrutiny of international business in Cyprus

A team of experts on Anti Money Laundering (AML) of the Council of Europe`s Moneyval believes that certain features of the international banking business in Cyprus may contain "inherent risks." As part

16th May 2013
Business

“Angry Birds” to invade screens in new Sony Pictures 3D film

The popular video game "Angry Birds" is jumping off smart phones and onto the big screen in a new animated 3D film due to be released in 2016, Sony Pictures Entertainment announced

16th May 2013
Business

Christie’s contemporary sale is biggest auction in history

The spring auctions ended on a record-shattering high on Wednesday as Christie's contemporary art sale achieved the highest total – $495 million – in the history of art auctions. Artists' records fell

16th May 2013
Business

Merkel ally warns Italy and France to work harder, faster

Italy and France need to work harder and faster to resolve their structural problems, a senior ally of German Chancellor Angela Merkel said in a newspaper interview published on Thursday. Michael Meister,

16th May 2013
Business

GREECE: Youth unemployment hits all-time record of 64.2%

Nearly two-thirds of Greek youths are unemployed Greek youth unemployment shot to a record 64 percent in February, underscoring the dire state of the recession-hit economy despite signs of improving business sentiment.

15th May 2013
Business

Ryanair sees passenger growth rate doubling by 2018

Ryanair aims to grow much faster than previously indicated over the next five years in a bid to exploit the weakness of mid-tier European rivals struggling with recession, the firm's chief operating

15th May 2013
Business

Fitch upgrades Greece by one notch citing fiscal progress

Ratings agency Fitch upgraded its sovereign credit rating for Greece by one notch on Tuesday, citing the country's progress in cutting its budget deficit and the receding risk of its euro zone

15th May 2013
Business
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WTI drops to $66 over weak US oil demand

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