The annual consumer price inflation rate in Cyprus fell for the third consecutive month in October, as the price of petroleum products continued to fall. The consumer price inflation rate reached 5.24%
The European Central Bank slashed interest rates by 50 basis points on Thursday, hoping to breathe life into the euro zone economy as it faces its first recession. The widely-expected cut took
Britain slashed borrowing costs by a record 1.5 percentage points on Thursday and Europe was expected to follow in cutting its rates as part of concerted efforts to revive world commerce and
Europe's top central banks were under pressure to slash borrowing costs by a record margin on Thursday as part of global efforts to stimulate trade and commerce and ward off deep recession.
The International Monetary Fund approved a $16.5 billion loan program for Ukraine that includes monetary and exchange rate policy shifts to ease strains from the global financial crisis. The IMF, in a
The Cyprus Stock Exchange announced the new composition of FTSE/CySE20 Index, as a result of the latest assessment conducted by the FTSE/CySE20 Committee that took place on Wednesday 5 November 2008. Based
Bank of Cyprus Pcl (BOCY) reported in-line expectations profit of EUR 375 mln for the first nine months of 2008, up 1% compared to EUR 369 mln in the same period a
The Board of Directors of Bank of Cyprus decided to pay an interim dividend of EUR0,15 per share. The ex-dividend date is Monday, 24 November 2008, i.e. buy transactions that take place
Sebastian Straten is going against the flow. As some Western corporations pack up and mothball projects in Iran under pressure of sanctions, the entrepreneurial Dutchman is preparing for the day when tourists
U.S. President George W. Bush will urge Group of 20 leaders at a Nov. 15 summit on the global economic crisis not to use it as an excuse for erecting trade barriers
