Irving Picard, the court-appointed trustee overseeing the liquidation of Bernard Madoff's investment firm, is preparing to file new lawsuits to recover funds from investors who were also duped by the Ponzi scheme,
Cyprus's economic downturn is close to a trough and the economy should rebound next year, the island's central bank Governor, Athanasios Orphanides, said on Monday. "The baseline scenario is a mild drop
U.S crude oil is expected to average $79.44 a barrel in 2010, a Reuters poll showed on Monday, a slight decline from the June poll and the third consecutive lower monthly forecast.
A work to rule protest by Greek air traffic controllers over austerity-driven reforms in their sector has disrupted hundreds of flights in and out of Cyprus. Cyprus national carrier Cyprus Airways said
Marfin Popular Bank Public Co Ltd was subject to the 2010 EU-wide stress testing exercise coordinated by the Committee of European Banking Supervisors (CEBS), in cooperation with the European Central Bank, and
Bank of Cyprus Public Company Ltd was subject to the 2010 EU-wide stress testing exercise coordinated by the Committee of European Banking Supervisors (CEBS), in cooperation with the European Central Bank, and
Vitol, the world's largest energy trader, plans to build an oil import and distribution terminal in Cyprus, it said on Thursday. Vitol Tank Terminals International (VTTI), a wholly owned subsidiary of Vitol
The Extraordinary General Meeting (EGM) of the shareholders of Bank of Cyprus Public Company Ltd held on 23 July 2010 in Nicosia, which was attended by 2.085 shareholders, either in person or
Retail sales fared poorly in April, a month in which tourism arrivals were also down sharply as flights were disrupted by volcanic ash. The turnover volume index of retail trade for April
The industrial turnover index for April 2010 fell by 3.7% compared with April 2009 according to the latest figures from the Statistical Service. For the period January-April 2010 the index recorded an
