Severe UK budget cuts and the possibility of slower growth ahead will force the Bank of England to wait until the second quarter of 2011 to raise interest rates, according to a
Greece will hire Deutsche Bank, Credit Suisse and Morgan Stanley as advisers on the offer it has received from Piraeus Bank <BOPr.AT> to buy government stakes in ATEbank <AGBr.AT> and Hellenic Postbank
British house prices fell 0.5% month-on-month in July after a flat month in June, the Nationwide building society said on Thursday, as concerns about the impact of government austerity measures dampened demand.
Greek bottler Coca-Cola Hellenic (CCH) said on Thursday second-quarter net profit fell 11%, below market expectations, mainly due to a windfall tax in debt-laden Greece. Greece imposed a one-off tax on large
British telecoms provider BT posted a 6% rise in first-quarter adjusted core earnings, generated strong cash flow and reiterated its outlook after taking further costs out of the business. Britain's biggest fixed-line
Royal Dutch Shell Plc said second-quarter current cost of supply (CCS) net income jumped 94% to $4.53 bln thanks to a strong operating environment and a speedy restructuring of the oil giant.
The euro zone's largest bank, Santander, reported first-half profits in line with forecasts on Thursday with thriving business in Latin America setting off sluggish income in home market Spain. Santander, which emerged
Asian stocks edged back up towards a three-month high and the dollar eased towards three-month lows on Thursday, hit by soft U.S. data that highlighted the patchy nature of the U.S. economic
An increase number of tourists from Russia choose Cyprus for their holidays. According to the Russian Travel Agents Association (ATOP) tourism flow from Russia to Cyprus records a 40% increase. The upward
Population in Cyprus increased in 2009 by 1.000, reaching 798.000 inhabitants. According to Eurostat, the statistical office of the European Union, in 2009 around 10.000 births were recorded in Cyprus and 5.000
