Bank of Cyprus is leading a major a recovery in Cyprus stocks, pushing the CSE index to an 18-week high, with analysts baffled at why Cyprus banking shares are racing higher at
The U.S. economy will begin to turn up later this year provided the financial sector continues to mend, although unemployment will remain high for a while, Federal Reserve Chairman Ben Bernanke said
President of the Republic of Cyprus Demetris Christofias leaves for Qatar Tuesday afternoon for an official visit, heading a multi-member delegation. Accompanied by First Lady Elsi Christofia, the President will be chairing
Hellenic Bank Public Company Ltd announces that it secured a license for the conduct of banking operations in Russia, which has been issued by the Central Bank of Russia. The licence was
Oil eased to around $54 a barrel on Tuesday pressured by a stronger dollar and forecasts that U.S. crude inventories probably rose from their highest level in almost two decades. The pullback
The decline in activity in Britain's construction sector slowed markedly in April, a survey showed on Tuesday, helped by improvements in the housing, commercial and civil engineering sectors. The Chartered Institute of
The European Commission (EC) anticipates that in view of the ongoing global crisis, economic growth in Cyprus is expected to slow significantly in 2009 but still remain in positive territory. Cyprus’ GDP
Standard & Poor's cut the ratings on 7 Greek banks and Cypriot banks due to the potential for more loan losses. S&P downgraded the rating of Marfin Popular Bank (MPB) and Marfin
SFS Group Public Company Ltd (SFS) announced that as part of its efforts to raise investment funds for participation in the Shipping sector, the Group has signed a joint venture agreement with
President of the Republic of Cyprus Demetris Christofias and Turkish Cypriot leader Mehmet Ali Talat will be meeting on Tuesday for their 27th meeting in the framework of UN-led direct negotiations, with
