Russia and China have suspended talks over $25 billion in loans to Russian oil companies due to disagreements over interest rates and state guarantees, two Russian sources close to the talks told
Cyprus' main commercial banks have announced a 0.5% reduction on all loans connected to the European Central Bank's base rate. The decision by Bank of Cyprus, Marfin Laiki Banka and Hellenic Bank
The trade deficit widened sharply in the first eight months of the year, as imports rose sharply and exports rose only slightly. According to the latest data from the Statistical Service, the
The EGM of SeaStar Capital Plc (SEAS) approved the authorization of the Board to proceed with the issue and allocation of 192,307,693 new shares of nominal value EUR0.04 each of the nominal
A number of deals designed to cure the global financial crisis were in danger of unravelling on Wednesday, with losses mounting at banks and economies showing further signs of serious deterioration. Economies
The world is not about to run out of oil, but there is a risk its reserves may not be exploited fast enough to meet global demand growth in the years ahead,
The Republic of Cyprus and the Russian Federation have signed a Protocol on Economic Cooperation to further existing ties of friendship between the two countries and to enhance cooperation in the finance,
President of the House of Representatives Marios Karoyian arrived this morning in Yerevan for a two-day official visit to Armenia, at the invitation of the President of the National Assembly of the
Cyprus Minister of Commerce, Industry and Tourism Antonis Paschalides, the Cyprus Tourism Organisation, the Cyprus Hoteliers Association and other tourist organisations believe that the impact on the tourist industry from the world
Marfin Popular Bank announced that it is delaying the planned increase in its Base rate until end of December 2008. Furthermore, the bank announced that effective November 12, 2008, it will reduce
