Bank of Cyprus closing UK branches

 — Clients to be serviced by Lloyds TSB — Bank of Cyprus is winding down its retail operations in the UK, having already reduced the number of its traditional branches from eight

Société Générale to stay in Cyprus

 — Ownership change will not affect operations — Société Générale Cyprus (SGC) will continue to operate as usual under its present management and structure, remaining under the operational control of Soc Gen

Cyprus is officially in recession

Cyprus officially recorded a recession in April-June, as GDP contracted over the previous period for the second quarter in a row. According to the latest “flash” estimate from the Statistical Service, real

Cyprus building permits fall by value in June

The number of building permits authorized by the municipal authorities and the district administration offices of Cyprus in May 2009 rose according to Financial Mirror calculations by 25.2% over the year earlier

Dollar slightly softer vs euro; yen firm

The dollar edged down against the euro on Tuesday and market players pondered whether the U.S. currency could sustain its gains from its recent rally on the back of smaller U.S. job