U.S. March payrolls seen down 650,000

The struggling U.S. economy probably continued to bleed jobs at a rapid rate in March, continuing to drive up the jobless rate at a startling pace. Forecasters polled by Reuters expect nonfarm

Cyprus property sale contracts decline 52.3%

Cyprus property sale contracts recorded a sharp 52.3% decline in March according to data issued by the Land Registry Department. In January and February, Cyprus property sales had suffered declines of 72%

Cyprus fifth among foreign investors in Romania

Cyprus' total investments in Romania exceed 1.7 bln EUR and it ranks fifth among foreign investors in Romania. Addressing a seminar hosted by the Romania-Cyprus bilateral chamber of commerce and industry, held

Bank of Cyprus EGM approves bond issue

The EGM of Bank of Cyprus Public Company Ltd (BOCY) held on April 2, 2009 approved the issue of Tier I convertible capital securities of up to EUR645,327,822. The EGM was attended

Cyprus Logicom declares 4 cent dividend

Logicom Public Ltd (LOG) announced the approval of its final audited FY08 financial results. The Board decided to propose a final dividend of EUR0.04 per share, which corresponds to a 48.7% payout